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MCK
Stock ticker: NYSE
AS OF
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Capitalization
61.83B

MCK McKesson Corp Forecast, Technical & Fundamental Analysis

a distributer of pharmaceuticals and provides healthcare software and health information technology services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for MCK with price predictions
07:00 PM EST Dec 04, 2023

MCK's RSI Oscillator leaves overbought zone

The 10-day RSI Oscillator for MCK moved out of overbought territory on November 14, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 instances where the indicator moved out of the overbought zone. In of the 41 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 69 cases where MCK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MCK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MCK broke above its upper Bollinger Band on November 10, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 29, 2023. You may want to consider a long position or call options on MCK as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MCK just turned positive on November 30, 2023. Looking at past instances where MCK's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MCK advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 229 cases where MCK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. MCK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (13.682). P/E Ratio (18.373) is within average values for comparable stocks, (33.575). Projected Growth (PEG Ratio) (2.058) is also within normal values, averaging (4.401). Dividend Yield (0.005) settles around the average of (0.030) among similar stocks. P/S Ratio (0.220) is also within normal values, averaging (7.532).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are McKesson Corp (NYSE:MCK).

Industry description

Healthcare distribution market can be segmented into pharmaceutical product distribution services, medical device distribution services, and biopharmaceutical product distribution services. In addition to serving as intermediaries, many medical distributors also purchase and take legal ownership of pharmaceuticals and manage inventory and credit risk. According to a Deloitte report, pharmaceutical distributors’ core services of efficient product distribution, inventory management, financial risk management, and information-sharing generate $33 billion-$53 billion in value annually to the U.S. health care ecosystem. Some prominent players in the overall medical distribution industry include McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health, Inc. and Patterson Companies, Inc.

Market Cap

The average market capitalization across the Medical Distributors Industry is 8.76B. The market cap for tickers in the group ranges from 494.39K to 61.83B. MCK holds the highest valuation in this group at 61.83B. The lowest valued company is SNYR at 494.39K.

High and low price notable news

The average weekly price growth across all stocks in the Medical Distributors Industry was -2%. For the same Industry, the average monthly price growth was -7%, and the average quarterly price growth was -7%. OMI experienced the highest price growth at 13%, while AHG experienced the biggest fall at -19%.

Volume

The average weekly volume growth across all stocks in the Medical Distributors Industry was 30%. For the same stocks of the Industry, the average monthly volume growth was -42% and the average quarterly volume growth was -0%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 65
P/E Growth Rating: 47
Price Growth Rating: 50
SMR Rating: 66
Profit Risk Rating: 74
Seasonality Score: 17 (-100 ... +100)
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A.I. Advisor
published Earnings

MCK is expected to report earnings to rise 12.36% to $7.00 per share on January 31

McKesson Corp MCK Stock Earnings Reports
Q4'23
Est.
$7.00
Q3'23
Beat
by $0.10
Q2'23
Beat
by $1.39
Q1'23
Beat
by $0.01
Q4'22
Beat
by $0.54
The last earnings report on November 01 showed earnings per share of $6.23, beating the estimate of $6.13. With 796.53K shares outstanding, the current market capitalization sits at 61.83B.
A.I.Advisor
published Dividends

MCK is expected to pay dividends on January 02, 2024

McKesson Corp MCK Stock Dividends
A dividend of $0.62 per share will be paid with a record date of January 02, 2024, and an ex-dividend date of November 30, 2023. The last dividend of $0.62 was paid on October 02. Read more...
A.I. Advisor
published General Information

General Information

a distributer of pharmaceuticals and provides healthcare software and health information technology services

Industry MedicalDistributors

Profile
Fundamentals
Details
Industry
Medical Distributors
Address
6555 State Highway 161
Phone
+1 972 446-4800
Employees
51000
Web
https://www.mckesson.com
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MCK and

Correlation & Price change

A.I.dvisor indicates that over the last year, MCK has been closely correlated with COR. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if MCK jumps, then COR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MCK
1D Price
Change %
MCK100%
+0.32%
COR - MCK
68%
Closely correlated
-0.01%
CAH - MCK
66%
Loosely correlated
-0.30%
OMI - MCK
15%
Poorly correlated
-3.70%
PDCO - MCK
14%
Poorly correlated
+1.99%
ZYXI - MCK
11%
Poorly correlated
-0.48%
More

Groups containing MCK

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MCK
1D Price
Change %
MCK100%
+0.32%
MCK
(undefined stocks)
96%
Closely correlated
+0.00%
Medical Distributors
(undefined stocks)
90%
Closely correlated
-1.01%
generic drugs
(undefined stocks)
83%
Closely correlated
-1.51%
health
(undefined stocks)
49%
Loosely correlated
-1.39%
pharmaceuticals
(undefined stocks)
29%
Poorly correlated
-0.48%
More