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Jim Cramer gets bullish on CVS Caremark on ‘Mad Money’

BY Antoinette Alexander

NEW YORK — Jim Cramer on Wednesday shared his bullishness on CVS Caremark stock with viewers during the “Lightening Round” portion of his "Mad Money" investment advice program on CNBC.

When asked by a caller whether she should buy CVS Caremark stock, Cramer enthusiastically replied, “I think that’s a great idea. Buy. Buy. Buy!”

Cramer’s advice on the program also caught the attention of The Street, which wrote that, “Based on the company’s fundamentals and valuation, I believe Cramer made the right call.”

 

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Reports: Costco to expand headquarters

BY Alaric DeArment

NEW YORK — Costco Wholesale Corp. will expand its Issaquah, Wash., headquarters, according to published reports.

The Seattle Daily Journal of Commerce reported Friday that Issaquah’s director of economic development, Keith Niven, said the club retailer would expand the headquarters to take up as much as 1.5 million square feet.

The Tacoma, Wash., News Tribune reported that the company currently takes up three buildings that are full.

The plan comes on the heels of announced second quarter 2013 sales that increased 8% and profits that increased to $547 million, from $394 million last year, meeting or exceeding Wall Street analysts’ estimates.

 

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Spotlight on clinic model gets brighter as accessibility, lower cost proves to be universal healthcare need

BY Antoinette Alexander

MinuteClinic president and SVP/associate chief medical officer of CVS Caremark, Andrew Sussman, attended two separate healthcare events in London last week to discuss how MinuteClinic is improving care and access at substantially lower cost.

This is important because, regardless of whether a country has universal health care or not, someone has to pay for it, and accessibility can still be an issue. Interestingly, a British supermarket began testing the concept of an in-store physician-staffed clinic back in 2008 in an effort to improve access. 
A key reason: Its supermarkets are often situated in a convenient location with public transport links and ample parking.

The reality is that there is more than one way to define access and convenience. However, money is money and, as half of Europe implements austerity measures and many other nations consider it, paying less for healthcare is one need that is absolutely universal about healthcare — the entire world over.


Meanwhile, the clinic movement continues to gain traction here in the United States as Target plans to open 14 new clinics this year. There are currently 54 Target Clinic locations in six states and the 2013 expansion will bring the total number to 68. Construction on 12 Target Clinic locations is slated to begin on May 28, with grand openings scheduled for Aug. 18. Two more locations, one in Illinois and one in Baltimore, are currently under construction and will open in October.

 

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