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Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW! Cameron, Natco to Merge

Same-store prescriptions filled also rose 2.8% last month, while total monthly sales rose 6.1% from year-ago levels, to $5.37 billion.

The company reported that overall same-store sales for the current fiscal year-to-date are up 1.9%.

Walgreen shares rose 37 cents, or +1.2%, in morning trading Tuesday.

We have avoided shares of WAG since our early June coverage began, when the stock was trading at $35.53. The company has a 1.45% dividend yield, based on last night's closing stock price of $31.14.

The stock has technical support in the $26-$28 price area. If the shares can firm up, we see overhead resistance around the $33-$34 price levels. We would remain on the sidelines for now.

Walgreen is not recommended at this time, holding a DARS Rating of 3.2 out of 5 stars.

American Express Prices $500 Million Share Offering

Credit card giant American Express (AXP - Get Report) joined the share offering party Tuesday, announcing it will sell about $500 million of its shares.

The New York City-based company will price around 19.8 million shares of its common stock at $25.25 per share, which is less than a 1% discount from its Monday closing price of $25.99.

After the sale is completed, the company will garner around $500 million in funds.

American Express shares fell $1.41, or -5.5%, in late morning trading Tuesday.

We continue to avoid shares of AXP, as we have since our early June coverage began, when the stock was trading at $44.65. The company has a dividend yield of 2.77%, based on last night's closing stock price of $25.99.

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WAG $81.65 2.05%
AXP $81.59 0.00%
CAM $47.08 0.00%
MS $35.79 0.00%
NTG $26.16 0.00%


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S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

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