Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Walgreens Boots Alliance, Inc.    WBA

WALGREENS BOOTS ALLIANCE, INC.

(WBA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

S&P 500 ends lower as investors eye stimulus impasse

share with twitter share with LinkedIn share with facebook
10/15/2020 | 11:10pm EDT
FILE PHOTO: New York Stock Exchange opens during COVID-19

(Reuters) - The S&P 500 ended lower on Thursday after a rise in weekly jobless claims compounded worries about a stalling economic recovery and fading hopes for more fiscal aid before the election.

The number of Americans filing new claims for jobless benefits rose to a two-month high last week, stoking fears the COVID-19 pandemic was inflicting lasting damage to the labor market.

A separate report showed manufacturing activity in New York State fell more than expected in October.

"Going into the fall it will be difficult for unemployment to make a lot of positive headway because of the lack of stimulus," said Christopher C. Grisanti, chief equity strategist, MAI Capital Management in Cleveland.

U.S. President Donald Trump said he is willing to raise his offer of $1.8 trillion for a COVID-19 relief deal with Democrats in Congress, but the idea was shot down by his fellow Republican, Senate Majority Leader Mitch McConnell.

The CBOE volatility index, investors' fear gauge, hit a one-week high and Wall Street's indexes dipped for the third straight day. The S&P 500 is down about 3% from its Sept. 2 record high close.

With less than 20 days until the Nov. 3 election, Trump and Democratic challenger Joe Biden are set to hold dueling prime-time town halls on Thursday instead of their second presidential debate, which was canceled after Trump declined to take part in a virtual matchup.

"More of what moves the market will be the crystallizing of who is going to win the presidency, and how close the Senate races are," said Tom Martin, senior portfolio manager at Globalt Investments in Atlanta.

A Biden presidency, coupled with a Democratic Senate, would likely mean a larger fiscal stimulus plan than what a Republicans Senate would agree to. However, Biden is also widely seen on Wall Street as likely to raise taxes.

Supporting the Dow Jones Industrial Average, Walgreens Boots Alliance Inc surged 4.8% as the drugstore chain forecast single-digit profit growth in 2021 after reporting a better-than-expected fourth-quarter profit.

Focus is also on the quarterly results for corporate America, with expectations for third-quarter earnings improving to an 19% drop from a 25% tumble forecast on July 1, according to Refinitiv IBES data.

The Dow Jones Industrial Average fell 0.07% to end at 28,494.2 points, while the S&P 500 lost 0.15% to 3,483.34.

The Nasdaq Composite dropped 0.47% to 11,713.87.

Morgan Stanley rose 1.3% after it beat third-quarter profit estimates, winding up mixed results from major U.S. lenders. Recent bank earnings reports saw those focused on trading clocking big gains, while retail banks took a hit from the COVID-19 pandemic.

The S&P 500 financials index climbed 0.8%, while healthcare index was the worst sector performer, down 0.7%.

The S&P 1500 airlines index dipped 1.5% after United Airlines reported a 78% drop in quarterly revenue.

Shares of Vertex Pharmaceuticals Inc lost a fifth of their value after the drug developer discontinued its trial of a protein deficiency disorder treatment.

Advancing issues outnumbered declining ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored advancers.

The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 59 new highs and 32 new lows.

Volume on U.S. exchanges was 8.1 billion shares, compared with the 9.6 billion average over the last 20 trading days.

(Additional reporting by Medha Singh and Shivani Kumaresan in Bengaluru; Editing by Nick Zieminski and Marguerita Choy)

By Noel Randewich


Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.04% 28491.18 Delayed Quote.-1.20%
NASDAQ 100 1.15% 11768.551134 Delayed Quote.33.22%
NASDAQ COMP. 1.10% 11605.347337 Delayed Quote.27.93%
S&P 500 1.18% 3468.02 Delayed Quote.7.83%
UNITED CONTINENTAL HOLDINGS, INC. 2.35% 36.3151 Delayed Quote.-59.70%
WALGREENS BOOTS ALLIANCE, INC. 1.14% 37.4 Delayed Quote.-36.55%
share with twitter share with LinkedIn share with facebook
All news about WALGREENS BOOTS ALLIANCE, INC.
10/19WALGREENS BOOTS ALLIANCE : CVS to hire 15,000 workers ahead of flu season, COVID..
RE
10/16WALGREENS BOOTS ALLIANCE : CVS, Walgreens to administer COVID-19 vaccines to U.S..
RE
10/16Regulatory Holdups Slow Ant Group's IPO Plans
DJ
10/16CVS HEALTH : Walgreens to Get Government Vaccine Deal for Long-Term Care Facilit..
DJ
10/16S&P 500 ends lower as investors eye stimulus impasse
RE
10/15WALGREENS BOOTS ALLIANCE : Management's discussion and analysis of financial con..
AQ
10/15WALGREENS BOOTS ALLIANCE : Profit Falls as U.K. Business Struggles -- Update
DJ
10/15WALGREENS BOOTS ALLIANCE : Walgreen Shares Trade Up as Investors Digest 4Q Repor..
DJ
10/15Walgreens promises return to profit growth as COVID-19 impact eases
RE
10/15Wall Street falls on stalling economic rebound, stimulus impasse
RE
More news
Financials (USD)
Sales 2021 143 B - -
Net income 2021 3 233 M - -
Net Debt 2021 13 736 M - -
P/E ratio 2021 9,77x
Yield 2021 5,13%
Capitalization 32 013 M 32 013 M -
EV / Sales 2021 0,32x
EV / Sales 2022 0,30x
Nbr of Employees 277 000
Free-Float 61,2%
Chart WALGREENS BOOTS ALLIANCE, INC.
Duration : Period :
Walgreens Boots Alliance, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WALGREENS BOOTS ALLIANCE, INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 39,83 $
Last Close Price 36,97 $
Spread / Highest target 24,4%
Spread / Average Target 7,75%
Spread / Lowest Target -10,7%
EPS Revisions
Managers
NameTitle
Stefano Pessina Executive Vice Chairman & Chief Executive Officer
James A. Skinner Executive Chairman
Ornella Barra Co-Chief Operating Officer
Alexander W. Gourlay Co-Chief Operating Officer
James Kehoe Global Chief Financial Officer & Executive VP
Sector and Competitors