McKesson Corp
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Health Care : Health Care Providers & Services | Large Cap ValueCompany profile

McKesson Corporation is a healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology company. The Company provides medicines, medical products and healthcare services by partnering with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in healthcare. It operates through two segments: McKesson Distribution Solutions and McKesson Technology Solutions. The distribution solutions segment distributes branded and generic pharmaceutical drugs and other healthcare-related products internationally and provides practice management, technology, clinical support and business solutions to community-based oncology and other specialty practices. Technology Solutions segment provides software and analytics, network solutions and technology-enabled services.

Price
Delayed
$126.46
Day's Change
2.07 (1.66%)
Bid
--
Ask
--
B/A Size
--
Day's High
127.33
Day's Low
125.01
Volume
(Below Average)

Today's volume of 1,124,836 shares is on pace to be lower than MCK's 10-day average volume of 1,501,072 shares.

1,124,836

UPDATE: More than half of S&P 500 stocks are now in a bear market

8:48 am ET December 18, 2018 (MarketWatch)
Print

By Philip van Doorn, MarketWatch

There has been a broad decline, led by many of the largest tech companies

Even after the recent pain in the stock market, the S&P 500 Index is down only 3% in 2018 (excluding dividends). That's not so bad when you consider the benchmark index rose 19% in 2017.

Still, more than half of the stocks in the index are in bear-market territory, showing how broad the decline has been.

A correction is typically defined as a 10% drop for a stock or an index from a recent peak, while a bear market is a 20%-plus decrease. Data supplied by FactSet show that 264 (53%) of S&P 500 companies are in bear markets.

Most broad indices in correction territory

Here's where the broad indices were as of the close on Dec. 14, when compared with their 52-week intraday highs:

Index Decline from 52-week intraday high

Dow Jones Industrial Average US:DJIA -10.6%

Nasdaq Composite Index US:COMP -15.0%

S&P 500 Index US:SPX -11.6%

S&P 400 Mid Cap Index US:MID -15.6%

S&P 600 Small Cap Index US:SML -20.2%

S&P Composite 1500 Index -11.8%

Source: FactSet

So all of these broad indices were in correction territory as of the close on Dec. 14, except for the S&P 600 Small Cap , which was in bear territory.

Digging further

For the broad S&P indices, here's the percentage of stocks in all the above indices in correction and bear territory as of the close on Dec. 14, as well as those that are down at least 50% from 52-week intraday highs:

Index Share of stocks down at least 10% Share of stocks down at least 20% Share of stocks down at least 50%

S&P 500 Index US:SPX 77% 53% 3%

S&P 400 Mid Cap Index US:MID 86% 68% 10%

S&P 600 Small Cap Index US:SML 92% 73% 18%

S&P Composite 1500 Index 85% 65% 11%

Source: FactSet

S&P 500 breakdowns

Here's how the 11 S&P 500 sectors stood compared with their 52-week intraday highs as of the close Dec. 14:

S&P 500 Sector Decline from 52-week high

Energy -21.3%

Materials -20.4%

Financials -20.1%

Industrials -17.3%

Information Technology -15.3%

Communication Services -14.6%

Consumer Discretionary -14.0%

Consumer Staples -8.2%

Health Care -7.3%

Real Estate -3.2%

Utilities -0.3%

Source: FactSet

It is fascinating to see the utilities sector faring so well this year (http://www.marketwatch.com/story/utility-stocks-have-beaten-the-sp-500-in-two-months-of-turbulence-and-in-the-long-run-2018-11-28).

Worst decliners from 52-week highs

Here are the 16 S&P 500 stocks that were down at least 50% from their 52-week intraday highs through Dec. 14:

Company Ticker Industry Decline from 52-week high Market capitalization ($mil)

Nektar Therapeutics US:NKTR Biotechnology -67% $6,319

Coty Inc. Class A US:COTY Household/Personal Care -66% $5,490

Western Digital Corp. US:WDC Computer Peripherals -64% $11,224

General Electric Co. US:GE Industrial Conglomerates -63% $61,757

Mohawk Industries Inc. US:MHK Home Furnishings -59% $8,680

Newfield Exploration Co. US:NFX Oil & Gas Production -58% $2,945

Affiliated Managers Group Inc. US:AMG Investment Managers -56% $5,031

Invesco Ltd. US:IVZ Investment Managers -56% $6,972

IPG Photonics Corp. US:IPGP Electronic Equipment/Instruments -55% $6,301

Brighthouse Financial Inc. US:BHF Life/Health Insurance -53% $3,787

PG&E Corp. US:PCG Electric Utilities -52% $13,491

Schlumberger NV US:SLB Oilfield Services/Equipment -51% $54,146

L Brands Inc. US:LB Apparel/Footwear Retail -51% $8,482

Michael Kors Holdings Ltd. US:KORS Apparel/Footwear Retail -50% $5,700

Nvidia Corp. US:NVDA Semiconductors -50% $89,335

Halliburton Co. US:HAL Oilfield Services/Equipment -50% $25,405

Source: FactSet

You can click the tickers for more about each company, including news, charts, estimates, financials and ratings.

Biggest bears

The S&P indices are weighted by market capitalization, which explains why the FAANG stocks -- Facebook (FB), Amazon.com (AMZN), Apple (AAPL), Netflix (NFLX) and Google holding company Alphabet (GOOGL)(GOOGL) -- have been so important during the long bull market. All were in bear markets through Dec. 14, except for Alphabet. The company's class A shares were down 19% from their 52-week intraday high, while the class C shares were down 18%.

Here are the 15 largest S&P 500 companies by market capitalization that were in bear territory as of the close Dec. 14:

Company Ticker Industry Decline from 52-week high Market capitalization ($mil)

Apple Inc. US:AAPL Telecommunications Equipment -29% $785,268

Amazon.com Inc. US:AMZN Internet Retail -22% $778,395

Facebook Inc. Class A US:FB Internet Software/Services -34% $346,099

Bank of America Corp US:BAC Major Banks -26% $240,252

AT&T Inc. US:T Major Telecommunications -23% $219,941

Wells Fargo & Co. US:WFC Major Banks -30% $219,075

Home Depot Inc. US:HD Home Improvement Chains -20% $194,606

Citigroup Inc. US:C Financial Conglomerates -32% $134,366

AbbVie Inc. US:ABBV Pharmaceuticals: Major -32% $128,776

Philip Morris International Inc. US:PM Tobacco -26% $128,248

DowDuPont Inc. US:DWDP Chemicals: Major Diversified -32% $121,090

Netflix Inc. US:NFLX Cable/Satellite TV -37% $116,365

3M Co. US:MMM Industrial Conglomerates -25% $114,186

International Business Machines Corp. US:IBM Information Technology Services -30% $108,964

Altria Group Inc US:MO Tobacco -29% $99,082

Source: FactSet

Don't miss: This is how your neighbors are preventing you from becoming a millionaire (http://www.marketwatch.com/story/a-better-gift-idea-how-to-help-your-friends-and-loved-ones-gain-financial-independence-2018-12-13)

Create an email alert for Philip van Doorn's Deep Dive columns here (http://www.marketwatch.com/tools/alerts/newsColumn.asp).

-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

December 18, 2018 08:48 ET (13:48 GMT)

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