The beer, wine and alcohol company's better than expected results and improved forward guidance was attributed to the acquisition of Grupo Modelo's U.S. beer business.
($56.22) missed EPS estimates by 4 cents earning a penny a share in afterhours trading on Oct. 2. The stock fell from its Oct. 2 close at $67.02 to a low of $56.21 on Oct. 4. Texas Industries maintains its hold rating with a semiannual value level at $47.55 and semiannual and annual pivots at $58.20 and $61.58. My weekly risky level is $60.71.
Profitability for the cement and materials company was hurt by margins that were below analysts estimates.
($55.79) matched EPS estimates earning 73 cents a share premarket on Oct. 1. The stock set a new multi-year high at $57.41 on Oct. 3. Walgreen maintains a buy rating with a weekly value level at $54.89 with a monthly risky level at $56.93.
The drug store chain expects to benefit from Obamacare by encouraging shoppers to enroll in the exchanges, as such would increase the flow of prescriptions in their stores.
At the time of publication the author held no positions in any of the stocks mentioned.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.