Here’s Why McKesson Corporation (MCK) Slid in Q2

1 month ago 11

Soumya Eswaran

Thu, July 16, 2026 astatine 9:36 AM CDT 3 min read

Janus Henderson Investors, an concern absorption company, released its second-quarter 2026 capitalist missive for the "Global Sustainable Equity Fund". A transcript of the missive tin be downloaded here. Global equities experienced a robust quarter, with the Fund returning 16.17%, outperforming the Index's 13.16% summation and the Peer Group's 12.98% return. An overweight successful accusation technology, peculiarly AI infrastructure, and underweight positions successful energy, materials, and user staples were the cardinal drivers. AI importantly contributed to returns, particularly among chipmakers. Information exertion was the apical performer successful the 4th with implicit 30% returns, alongside beardown performances from financials and industrials. The portfolio focuses connected high-quality companies with competitory advantages and vulnerability to semipermanent trends, positioning it to negociate evolving concern opportunities and risks. For insights into their cardinal selections for 2026, delight reappraisal the Strategy's apical 5 holdings.

In its Q2 2026 capitalist letter, Janus Henderson Global Sustainable Equity Fund highlighted McKesson Corporation (NYSE:MCK). McKesson Corporation (NYSE:MCK) is simply a starring US-based healthcare company, that distributes pharmaceuticals, aesculapian supplies and exertion solutions. On July 15, 2026, McKesson Corporation (NYSE:MCK) closed astatine $796.35 per share, reflecting a marketplace capitalization of $93.23 billion. McKesson Corporation (NYSE:MCK) posted a one-month instrumentality of 9.60%, portion its shares gained 15.82% implicit the past 52 weeks.

Janus Henderson Global Sustainable Equity Fund stated the pursuing regarding McKesson Corporation (NYSE:MCK) successful its Q2 2026 capitalist update:

"The largest detractors included McKesson Corporation (NYSE:MCK), Spotify and Intercontinental Exchange (ICE). McKesson's stock terms fell amid a wider derating of cause distributors, driven by GLP-1 cash-pay concerns, a power into insurers and rising capitalist concerns astir specialty pharmacy vulnerability up of a ample question of loss-of exclusivity events implicit the adjacent 5 years. The interest is that little cause pricing could unit distributor margins. Our concern thesis remains unchanged. We deliberation McKesson is simply a starring subordinate successful a consolidated marketplace with antiaircraft maturation characteristics, standard advantages and durable lawsuit relationships."

UBS Says McKesson's (MCK) FY27 Outlook Looks "Good Enough" After Q4

McKesson Corporation (NYSE:MCK) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 73 hedge money portfolios held McKesson Corporation (NYSE:MCK) astatine the extremity of the archetypal quarter, up from 72 successful the erstwhile quarter. In the 4th fourth of fiscal 2026, McKesson Corporation's (NYSE:MCK) earnings per diluted stock reached $11.69, a 16% summation implicit the anterior year. While we admit the imaginable of McKesson Corporation (NYSE:MCK) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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