Today, we are going to take some more profits from HX Trader!

We have another position that we entered after the previous earnings season.

This is one of the biggest businesses in the S&P 500 and one you have interacted with many times. Yet we are pretty sure you don't know the company's name.

Here is the update…

The company is pharmaceutical, medical supply, and health and beauty care product McKesson Corporation (NYSE: MCK)

This (almost) 200-year-old company is one of the largest distributors of these products, doing over $300 billion in annual revenue.

In their last quarter, reported on August 7, they beat the bottom line numbers but missed the revenue estimate.

We have seen this happen before with the company. We were confident the shares would rally as long as they continue to hit their bottom-line numbers.

We predicted this would happen as the company has strong operating momentum.

We will take advantage of the strength in the shares and book our profits!