Walgreens Looses 7.91 Billion Dollars after Obama Threats

Walgreens (WAG) was eligible to do a totally legal tax inversion after acquiring some foreign businesses.  After threats from President Obama and Senator Dick Durbin of Illinois the CEO of Walgreens, Greg Wasson was backed into a corner and announced the company would not complete the inversion process they were considering.  Immediately after the announcement the Company's stock tanked 14% causing a loss to stockholders of over $7.91 billion dollars.


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Stockholders of this and other stocks should follow this story closely as the Obama White House continues it's crusade against stockholders.

5 Great Large Cap Stocks

Today I used Barchart to sort the S & P 500 Large Cap Index to find the 5 stocks with the best Barchart technical indicators and charts.  Today's list includes Zions Bancorporation (ZION), Walgreens (WAG), Thermo Fisher scientific (TMO), Sealed AirCorp (SEE) and Ryder System (R):

Zions Bancorporation (ZION)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 6.14% in the last month
• Relative Strength Index 70.27%
• Barchart computes a technical support level at 23.59
• Recently traded at 24.00 with a 50 day moving average of 21.59

Walgreens (WAG)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 11.10% in the last month
• Relative Strength Index 77.23%
• Barchart computes a technical support level at 39.81
• Recently traded at 41.33 with a 50 day moving average of 37.39

Thermo Fisher Scientific (TMO)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new  highs and up 14.41% in the last month
• Relative Strength Index 73.05%
• Barchart computes a technical support level at 72.06
• Recently traded at 74.79 with a 50 day moving average of 66.38

Sealed AirCorp (SEE)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 7.23% in the last month
• Relative Strength Index 73.73%
• Barchart computes a technical support level at 18.76
• Recently traded at 19.30 with a 50 day moving average of 17.67

Ryder Systems (R)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 13.33% in the last month
• Relative Strength Index 71.61%
• Barchart computes a technical support level at 56.28
• Recently traded at 58.58 with a 50 day moving average of 51.45