Ian Wyatt
Top Stock Insights
Chuck Carlson
The DRIP Investor
Jim Stack
InvesTech Market Analyst
Mark Skousen
Hedge Fund Trader

SXC Health: Poised for a breakout?


Bookmark and Share
by Leo Fasciocco, editor Ticker Tape Digest

SXC Health Solutions Corp. (SXCI), a market leader, is is poised to show strong 40% earnings growth this year.; the stock is ideally setup to breakout at any time and hit a new high.

SXCI provides pharmacy benefits management services and healthcare IT solutions. SXCI services the drug supply chain, such as Federal, state and local governments, pharmacy benefit managers, managed care organizations, retail pharmacy chains and other healthcare companies.    

Net for the second quarter is expected to jump 44% to 55 cents a share from 38 cents a year ago. Looking out to the third quarter, net should climb 42% to 62 cents a share from 44 cents the year before.


Technically, the stock climbed from 50 late last year. to 100 in April. The stock has since put down a well-formed flat base. It is now well set up to breakout.

The accumulation - distribution line spiked higher in May. It has since been trending sideways complimenting the stock stock's price pattern.

The three largest fund holders are all rated 5-star. The largest fund holder is Fidelity Growth Company Fund with a 4.6% stake. The fund was a recent buyer of 875,000 shares. Also, T. Rowe Price Health Sciences Fund was a recent purchaser of 235,000 shares.

We suggest accumulation of a partial stake in SXCI with further buying to be done on a breakout over $96.50. We are targeting SXCI for a move to 115 within the next few months, or sooner. A protective stop can be placed near 92.

Learn more about this financial newsletter at Leo Fasciocco,'s Ticker Tape Digest.

Related articles:


Advertisement
Banner
News Flash

Split buys? HOMB and Noble Energy
by Neil Macneale, editor 2-for-1 Stock Split Newsletter

Each month, we add one stock to our model portfolio based upon those companies that have announced 2-for-1 stock splits; after a meager number of splits over the past year, we have a nice collection of six splits elect from this month.


Read more...

 

WisdomTree targets global bonds
by Mark Salzinger, editor The Investor's ETF Report

While most investors diversify the equity portions of their portfolio with allocations to foreign stocks, few diversify their bond holdings internationally. WisdomTree recently introduced the first ETF to invest in a truly global portfolio of corporate bonds.


Read more...


   

Express Scripts: Obamacare buy
by J. Royden Ward, editor Cabot Benjamin Graham Value Investor

I am attracted to healthcare stocks because the confusion surrounding “ObamaCare” has held healthcare stock prices back. I think Express Scripts (ESRX) is very likely to shine in 2013.


Read more...

 

Hodges: High conviction funds
by Walter Frank, editor MoneyLetter

Over the last two months, Hodges Fund (HDPMX) has made a strong run to the top echelons of our domestic stock fund rankings. And one of its siblings, Hodges Small Cap (HDPSX) has been within the top decline of the small blend category from 2009 through last year, and is in the top 20% this year.


Read more...

 

United Natural: A play on Whole Foods
by Mark Skousen, editor Hedge Fund Trader Alert

We’ve recommended Whole Foods Market (WFM) from time to time, and the stock has moved up sharply in the past three years, but I’d like to suggest an alternative -- one of Whole Foods’ primary suppliers, United Natural Foods (UNFI).


Read more...

 

Timing expert eyes India
by Sy Harding, editor Street Smart Report

The money flow and momentum reversals in India's Bombay Index have now been enough to trigger buy signals on intermediate-term indicators. With this new buy signal, we have added a position in the iShares India 50 ETF (INDY) to our portfolio.


Read more...

 

Value investor goes with Guess
by Charles Mizrahi, editor Hidden Values Alert

Guess?, Inc. (GES) is a holding in our special situation portfolio; its strong product quality has created brand name recognition and a loyal consumer following.


Read more...

 

MGAM: Bingo, lotteries, casinos
by Jim Oberweis, Jr., editor The Oberweis Report

Multimedia Games Holding Company (MGAM) makes innovative gaming systems for Native American and commercial casino operators in North America, lottery operators, and charity and commercial bingo operators.


Read more...

 

Fidelity expert: Bowers' bond bets
by Jack Bowers, editor Fidelity Monitor & Insight

If you’ve been worried that the bond market might take a big hit, you can relax. Indeed, while bond funds may lag stock funds over the next 5-10 years, they still have a decent shot at keeping up with inflation, and they remain an excellent way to cut risk in a blended portfolio.


Read more...

 

Tesla: 'Out of the ball park'
by Timothy Lutts. editor Cabot Stock of the Month

Tesla (TSLA), our previously featured Stock of the Month and our top stock pick for 2013, knocked the ball out of the park in its latest quarter. The company exceeded analysts' expectations on all counts: cars sold, revenues, earnings, gross margins and more.


Read more...

 



Banner



Close
Select Offer: Schwab Options Market Commentary