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WALGREENS BOOTS ALLIANCE, INC.

(WBA)
  Report
Delayed Nasdaq  -  04:00:00 2023-02-06 pm EST
36.28 USD   -2.18%
02/02Mailing abortion pills could break law, Republican AGs tell pharmacies
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01/31Walgreens Boots Alliance, Inc. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)
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01/31Declaration of Voting Results by Walgreens Boots Alliance, Inc
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Wall St inches higher as investors brace for midterms, Meta jumps

11/07/2022 | 10:39am EST

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

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Meta Platforms rises on report of job cuts

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Apple slips as COVID-19 curbs crimp iPhone production in China

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Indexes up: Dow 0.36%, S&P 0.26%, Nasdaq 0.17%

Nov 7 (Reuters) - U.S. stock indexes edged higher in choppy trading on Monday, with focus shifting to Tuesday's midterm elections that will determine control of Congress, while shares of Meta Platforms jumped on a report of job cuts at the Facebook parent.

Republicans have picked up momentum in polls and analysts see a split government, with the GOP winning the House of Representatives and possibly the Senate, as the likely outcome possibly hindering Democratic President Joe Biden's agenda.

"Under this election outcome scenario, we doubt we would make any major changes to our forecasts for GDP growth, inflation or the federal funds rate as a result of the election," Wells Fargo economists said.

"Instead, status quo and political gridlock strike us as the most likely outcome, with the possibility for some government shutdown/debt ceiling theatrics over the next two years."

A split government could result in political gridlock that stymies major policy changes, an outcome that investors see as favorable for equities.

Focus will also be on U.S. consumer prices data for October, due to be released on Thursday, for clues on whether the U.S. Federal Reserve's rapid interest rate hikes are helping cool down the economy.

Four Fed policymakers on Friday indicated they would still consider a smaller rate hike at their next policy meeting, despite new data showing another month of robust job gains and only small signs of progress in lowering inflation.

Traders are now betting on 67% odds of a 50-basis point rate hike at the U.S. central bank's meeting in December.

All the three major U.S. indexes are in bear market territory, from their previous record closing highs. The S&P 500 has lost nearly 20.7% year-to-date on worries that aggressive monetary policy tightening could tip the economy into a recession.

At 10:06 a.m. ET, the Dow Jones Industrial Average was up 117.28 points, or 0.36%, at 32,520.50, the S&P 500 was up 9.74 points, or 0.26%, at 3,780.29, and the Nasdaq Composite was up 17.44 points, or 0.17%, at 10,492.69.

Shares of Meta Platforms Inc climbed 5.4% following a report that the company was planning to begin large-scale layoffs this week.

Weighing on the tech-heavy Nasdaq, Apple Inc fell 1.2% after the company said it expected lower shipments of premium iPhone 14 models than previously anticipated.

Digital World Acquisition Corp surged 21% as former U.S. President Donald Trump hinted at another White House bid. The blank check firm has agreed to take social-media startup Trump Media & Technology Group Corp public.

Walgreens Boots Alliance Inc rose 4.8% as VillageMD, a primary care provider backed by the pharmacy chain, said it will acquire Summit Health in a deal valued at nearly $9 billion.

Advancing issues outnumbered decliners for a 1.31-to-1 ratio on the NYSE and a 1.10-to-1 ratio on the Nasdaq.

The S&P index recorded six new 52-week highs and two new lows, while the Nasdaq recorded 43 new highs and 95 new lows. (Reporting by Shubham Batra and Amruta Khandekar in Bengaluru; Additional reporting by Shreyashi Sanyal and Devik Jain; Editing by Shounak Dasgupta)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -1.79% 151.73 Delayed Quote.16.78%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.67% 0.69362 Delayed Quote.1.53%
BRITISH POUND / US DOLLAR (GBP/USD) 0.18% 1.20476 Delayed Quote.-0.35%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.15% 0.7446 Delayed Quote.1.00%
DIGITAL WORLD ACQUISITION CORP. -0.25% 16.04 Delayed Quote.6.93%
DOW JONES INDUSTRIAL -0.10% 33891.02 Real-time Quote.2.35%
EURO / US DOLLAR (EUR/USD) 0.09% 1.07392 Delayed Quote.0.85%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.00% 0.012088 Delayed Quote.0.62%
META PLATFORMS, INC. -0.25% 186.06 Delayed Quote.54.61%
NASDAQ COMPOSITE -1.00% 11887.45 Real-time Quote.14.72%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.19% 0.63237 Delayed Quote.-0.37%
WALGREENS BOOTS ALLIANCE, INC. -2.18% 36.28 Delayed Quote.-2.89%
WELLS FARGO & COMPANY 0.21% 47.68 Delayed Quote.15.48%
All news about WALGREENS BOOTS ALLIANCE, INC.
02/02Mailing abortion pills could break law, Republican AGs tell pharmacies
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01/31Walgreens Boots Alliance, Inc. : Amendments to Articles of Inc. or Bylaws; Change in Fisca..
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01/31Declaration of Voting Results by Walgreens Boots Alliance, Inc
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01/31Declaration of Voting Results by Walgreens Boots Alliance, Inc
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01/27Walmart, CVS Health adjust pharmacy hours amid labor crunch
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01/26Walgreens Boots Alliance Declares Quarterly Dividend
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01/26Walgreens Boots Alliance Declares Quarterly Dividend, Payable on March 10, 2023
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Analyst Recommendations on WALGREENS BOOTS ALLIANCE, INC.
More recommendations
Financials (USD)
Sales 2023 136 B - -
Net income 2023 -1 576 M - -
Net Debt 2023 8 387 M - -
P/E ratio 2023 -18,7x
Yield 2023 5,40%
Capitalization 31 292 M 31 292 M -
EV / Sales 2023 0,29x
EV / Sales 2024 0,27x
Nbr of Employees 262 500
Free-Float 60,9%
Chart WALGREENS BOOTS ALLIANCE, INC.
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Technical analysis trends WALGREENS BOOTS ALLIANCE, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Last Close Price 36,28 $
Average target price 41,57 $
Spread / Average Target 14,6%
EPS Revisions
Managers and Directors
Rosalind Gates Brewer Chief Executive Officer & Director
James Kehoe Global Chief Financial Officer & Executive VP
Stefano Pessina Executive Chairman
Kevin M. Ban Global Chief Medical Officer & Executive VP
Hsiao Wang Chief Information Officer & Senior Vice President
Sector and Competitors