Hints and tips:
...Overall, almost three-quarters of the S&P 500’s constituents fell, with pharmacy operator Walgreens Boots Alliance the worst performer with a 9.9 per cent drop....
...Brewer, one of the few African-American women to run a company in the S&P 500, arrived as pharmacy chains were being boosted by the strong early uptake of Covid-19 vaccines....
...Still, though, the bank’s new credit rating, two notches below investment-grade, includes the likes of AT&T and Walgreens. It isn’t yet obvious this is a bank failure waiting to happen. Disagree?...
...Results: The pharmacy chain Walgreens Boots Alliance is expected to report that revenues increased about 3 per cent in the three months that ended February, but earnings are forecast to decline by 59 per...
...Results: Arbuthnot Banking Group, Capricorn Energy, JD Sports and Walgreens Boots Alliance report. Five more top stories 1....
...Big drugstore chains including CVS and Walgreens Boots have attempted to boost jab uptake....
...Stocks look a little nervous The S&P 500 peaked on July 31, and has fallen about 7 per cent since....
...Here’s what else I will be keeping tabs on today: Earnings: Pharmacy group Walgreens Boots and consumer packaged food company ConAgra Brands report results....
...Economists forecast the S&P Case-Shiller index of prices in 20 cities to have increased 0.4 per cent month-on-month in April, from a 0.5 per cent rise in March....
...The deal paves the way for a potential sale of the UK’s largest pharmacy chain by owner Walgreens Boots Alliance....
...EU: eurozone October consumer confidence index Israel: Interest rate announcement Tim Wentworth becomes chief executive of Walgreens Boots Alliance....
...There are only three S&P 500 staples stocks that offer dividend yields higher than the 5.22 per cent available on a three-month Treasury (they are Altria, Walgreens Boots, and Phillip Morris)....
...Walgreens: Investors will be on the lookout for commentary on pharmacy chain Walgreens Boots Alliance’s plans for growth and diversification when it releases its earnings, two months after it acquired urgent...
...Amazon, Walgreens and CVS have all made big acquisitions in patient care services....
...The $158bn Invesco QQQ ETF (QQQ), often thought of as a tech fund, will be unaffected as it invests in the largest non-financial Nasdaq-listed companies irrespective of sector, ranging from PepsiCo to Walgreens...
...Here’s what else I’m keeping tabs on today: Economic data: The S&P Case-Shiller index of US house prices, durable goods orders and consumer confidence data are all released today....
...It turned out better still for Stefano Pessina, the Italian dealmaker who used Alliance UniChem and then Boots to propel himself to the top of an S&P500 company....
...That represents the S&P 500’s worst start to a year since 1970 and the fifth-biggest first-half drop on record, according to Financial Times analysis of Refinitiv data....
...Contentious votes are due at three other S&P 500 companies before the end of this month....
...This and other industry developments led to 2022’s brutal stock market revaluation of the companies that make movies, television, music and news. We can expect more dramas in 2023....
...Walgreens Boots Alliance earnings The pharmacy chain reports third-quarter results days after it announced it had abandoned the sale process for the Boots chain in the UK following upheaval in credit markets...
...“Another period of private equity ownership may not be palatable to everyone but if Walgreens wants rid of Boots, it may be the only option.”...
...Markets: Futures for the S&P 500 pointed to no change at the open. Nasdaq futures were down 0.5 per cent, following two days of declines for technology shares....
...Alliance Q3 Friday China, France, Italy, UK, US: Caixin and S&P Global manufacturing purchasing managers’ index (PMI) data The ECB will end its long-running bond-buying scheme, part of stimulus measures...
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