Henry Schein reports Q1 adjusted EPS at $1.10, down 9% Y/Y, with sales at $3.17 billion, up 3.7%. Guidance projects 2024 sales growth at 8%-10%, reaffirming adjusted EPS guidance of $5.00-$5.16. William Blair attributes the EPS beat to margin expansion driven by technology and value-added services.
The analysis screened S&P 500 stocks that show an inverse correlation to Nvidia over a month and year period, following Nvidia's stock falling into correction territory for the second time this month.
The CNN Money Fear and Greed index showed some easing in the overall fear level, with the index remaining in the "Fear" zone on Monday.
U.S. stocks closed mixed on Monday, ahead of the release of key inflation data. Treasury yields were mostly flat during Monday’s session.