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Today's must-read reports are for Alphabet (GOOGL), Monsanto (MON) and McKesson (MCK).
Google parent Alphabet's shares have lagged lately, with trends in estimate revisions generally on the negative side. Beyond the near-term issues, however, the analyst likes the company's efforts to improve accountability of its different business units and continue investing in long-term growth opportunities. (You can read the full research report on GOOGL here.)
Monsanto reiterated its full-year outlook, but the earnings release was broadly on the weak side. This is a tough environment in the agriculture space, even though Monsanto enjoys a leadership position on the seeds side. Key headwinds include weak commodity pricing, unfavorable currency movements and low acreage. (You can read the full research report on MON here.)
Earnings estimates for McKesson, a leader in the medical distribution space, have been going up lately following the company's raised guidance. The analyst likes the fact that McKesson has been actively pursuing deals and acquisitions to drive growth. In Mar 2016, the company undertook a restructuring plan to lower its operating costs given challenging business conditions. (You can read the full research report on MCK here.)
Other noteworthy reports we are featuring today include Nike (NKE), Caterpillar (CAT) and Goldman Sachs (GS).