Walgreens Boots Action Forum

Earnings next week 🗓️

$WBA (-1,4 %)

$UNH (+3,09 %)

$BAC (+1,3 %)

$C (+1,33 %)

$JNJ (+0,03 %)

$GS (+2,22 %)

$SCHW (+2,16 %)

$UAL (+3,22 %)

$ASML (-0,38 %)

$MS (+1,35 %)

$ABT (+2,48 %)

$TSM (+0,91 %)

$NFLX (+0,37 %)

$ISRG (+2,71 %)

$AXP (+0,52 %)

$PG (+3,31 %)

US election campaign - major figures from the business world support Kamala Harris

In a letter to presidential candidate Kamala Harris, 88 personalities with immense experience in the management of billion-dollar companies have announced their support for her candidacy.

The reasons given are:

• Harris past performance as Vice President (strong record of promoting investment and global competitiveness of U.S. businesses)
• Harris' choice is the best way to support the continued strength, security and reliability of U.S. democracy and economy
• Harris would advance fair and predictable policies that support the rule of law, stability and a sound business environment

Among the endorsers are:

• A. Mulally (ex. CEO Ford $F (+0,87 %) )
• V. Prabhu (ex. CFO & Vice-Chair of Visa $V (+1,22 %) )
• I. Nooyi (ex. Chairman and CEO of PepsiCo $PEP (+1,38 %) )
• J. Sinegal (Co-Founder & ex. CEO of Costco $COST (+3,88 %) )
• C. Gifford (ex. Chairman of Bank of America $BAC (+1,3 %) )
• K. Chenault (ex. Chairman & CEO of American Express $AXP (+0,52 %) )
• B. Heyman (ex. Managing Director for "Private Wealth" at Goldman Sachs $GS (+2,22 %) )
• T. James (CEO & Executive Vice Chairman of Blackstone $BX (+1,53 %) )
• D. Schulman (ex. President & CEO of PayPal $PYPL (+3 %) )
• R. Brewer (ex. CEO of Walgreens Boots Alliance $WBA (-1,4 %) , ex. COO of Starbucks $SBUX (+2,49 %) )

https://www.cnbc.com/2024/09/06/harris-endorsed-trump-murdoch-yelp-snap-ripple.html

Nasdaq has announced that Super Micro
$SMCI on Monday, July 22, before the market opens Walgreens $WBA (-1,4 %) in the NASDAQ 100 before the market opens.

Walgreens ($WBA (-1,4 %)) has announced that it plans to sell a significant portion of its approximately 8,600 stores stores.

The company is reviewing around 25 % of its unprofitable locations and could close a "significant portion" of them in the next few years - The Wall Street Journal.

I always have cash at my side for such things. Let us be surprised

Another exaggerated sell-off?

$WBA (-1,4 %) falls after the company adjusts its earnings forecast again📉📉📉

In my opinion completely panicked sell-off -19% ,let's see if it goes even lower later....

What do you think?

Do you have $WBA (-1,4 %) in your portfolio?

What the week brings:

Monday:

• Speech by Mary C. DalyPresident of the Federal Reserve Bank of San Francisco

Tuesday:

• S&P CoreLogic Case-Shiller Home Price Index (April)
• Consumer Confidence (June)
• Speeches by Michelle Bowman and Lisa D. CookGovernors of the Federal Reserve
• Quarterly reports from FedEx Corp ($FDX) (+2,24 %)
  Carnival Corp ($CCL (+1,59 %))

Wednesday:

• New home sales (May)
• Nvidia ($NVDA) (-0,03 %) Annual general meeting
• Quarterly reports from Micron Technology ($MU (-0,29 %)), Paychex, Inc. ($PAYX (+2,17 %) ), General Mills, Inc. ($GIS), Jefferies Financial Group ($JEF (+2,32 %) ), Levi Strauss & Co. ($LEVI (-0,32 %) )

Thursday:

• Initial claims for unemployment benefits (week ending June 22)
• Preliminary foreign trade in goods (May)
• Preliminary wholesale inventories (May)
• Provisional retail stocks (May)
• Pending home sales (May)
• Durable Goods Orders (May)
• Salesforce Annual General Meeting $crm
• Quarterly reports from Nike, Inc. ($NKE (+0,58 %) ), Walgreens Boots Alliance ($WBA (-1,4 %)), McCormick & Company ($MKC (+3,44 %) )

Friday:

• Personal Consumption Expenditures (PCE) Price Index (May)
• Consumer Sentiment (June)
• Chicago Business Barometer (June)
• Speech by Tom BarkinPresident of the Federal Reserve Bank of Richmond

$WBA (-1,4 %) To the dividend hunters...I personally don't follow a dividend strategy, but isn't Walgreens pretty interesting at the current price? Sure, the share price hasn't fallen for nothing recently, but the business model should survive the next few years or am I missing something? Apart from high debt and not-so-inspiring figures 🤔

A compact summary of the coming week:

Monday

• New home sales (February)

Tuesday

• Durable Goods Orders (February)
• S&P Case-Shiller Home Price Index (January)
• Consumer Confidence (March)
• Quarterly results from McCormick & Co. ($MKC (+3,44 %) ), TD SYNNEX ($SNX (+0,86 %) ), GameStop ($GME (+7,23 %) ) and nCino Inc. ($NCNO (+2,05 %) )

Wednesday

• Quarterly results from companies like Cintas ($CTAS (+3,42 %) ), Paychex ($PAYX (+2,17 %) ), Carnival ($CCL (+2,23 %) ) and Jefferies Financial Group ($JEF (+2,32 %) )

Thursday

• Initial unemployment claims (week ending March 23)
• GDP of the USA - second revision (fourth quarter)
• Chicago
  Business Barometer (March)
• Pending home sales (February)
• Consumer Sentiment - final (March)
• Quarterly results from Walgreens Boots Alliance ($WBA (-1,4 %) ), MSC Industrial Direct ($MSM (+1,24 %) ) and BRP Inc. ($DOO (+1,77 %) )

Friday

• ⚠️Märkte are closed: Karfreitag⚠️
• Publication of the Personal Consumption Expenditures (PCE) index (February)
• Advanced US trade balance (February)
• Advanced Retail inventories (February)
• Advanced Wholesale stocks (February)