Costco recently reported strong sales growth in May, with comparable sales up and surpassing earnings estimates. Investors can access stock through XLP and FSTA ETFs.
Cognizant Technology Solutions to acquire Belcan, LLC for $1.3B in cash and stock, expanding its ER&D capabilities and presence in aerospace/defense. Deal expected to close in Sept. 2024, with $800M annual revenue contribution and EPS accretion by 2026.
WuXi AppTec employees collaborated with China's PLA on altitude sickness drugs, raising national security concerns in the U.S. Congressional committee calls for restricting biotech ties amid ongoing scrutiny.
Oppenheimer initiates coverage on IFF at Outperform rating with $116 price target. Analyst sees potential for shareholder base shift and ongoing growth. Estimated EPS of $3.94 in FY24, $4.28 in FY25, and $4.61 in FY26. Investors can gain exposure through MVAL and IVEG.