tl;dr
Shares of Walgreens Boots Alliance (NASDAQ:WBA) dropped in premarket trading on Wednesday after S&P Dow Jones Indices announced changes to the Dow Jones Industrial Average, removing the U.S. pharmacy chain from the 30-stock index. This move, effective February 26, will see the addition of e-commerce...
Shares of Walgreens Boots Alliance (NASDAQ:WBA) dropped in premarket trading on Wednesday after S&P Dow Jones Indices announced changes to the Dow Jones Industrial Average, removing the U.S. pharmacy chain from the 30-stock index. This move, effective February 26, will see the addition of e-commerce giant Amazon (AMZN) and the removal of JetBlue (JBLU) in favor of ride-sharing company Uber (UBER). Prompted by Walmart's decision to split its stock and Walgreens' announcement of a nearly 50% cut in its quarterly dividend, the Deerfield, Illinois-based healthcare giant has seen a 65% decrease in shares since joining the Dow Industrials in 2018. With former CEO Rosalind Brewer's resignation and a major restructuring, including cost-cutting measures, led by former Cigna (CI) executive Tim Wentworth, Walgreens' performance and prospects continue to face challenges.
More about Walgreens Boots Alliance Inc
Walgreens Boots Alliance Inc is a pharmaceutical holding company with a market capitalization of $19.23 billion, trading at $33.78 per share with a dividend yield of 1.92% and a P/E ratio of 0.66. The stock has a 52-week high of $165.0 and a 52-week low of $26.56, with a total volume of 142,405,992. The stock has shown a slight decrease of -0.586% in the last year. The company operates in the retail-drug stores and proprietary stores sector. Market sentiment appears neutral with a potential for a bullish trend, however, past performance is not indicative of future results.
More about Amazon.com Inc
Amazon.com, Inc. is a major player in the retail-catalog and mail-order houses industry, with a market capitalization of approximately $1.74 trillion. The stock has a current price of $3,470.79 and a 52-week range of $2,881.00 to $3,773.08. The stock has shown a strong upward trend, with a 1-year return of 20.4% and a 5-year return of 436.1%. The Relative Strength Index (RSI) is currently at 67.89, indicating the stock is approaching overbought territory. The moving averages show a bullish trend, with the 50-day moving average at $3,407.92 and the 200-day moving average at $3,139.72. The stock has recently broken out to new all-time highs, suggesting strong bullish sentiment in the market. However, investors should be aware of potential risks and uncertainties, as past performance is not always indicative of future results.
More about JetBlue Airways Corp
JetBlue Airways Corp (JBLU) is a major player in the scheduled air transportation industry, with a market capitalization of $9.61 billion. The stock is currently trading at $28.88, showing a decrease of 3.22% over the past period. Despite this recent decline, JBLU has demonstrated a strong 5.03% year-to-date performance. However, the company's earnings per share (EPS) has decreased by 0.56% and the company's return on equity (ROE) is down by 3.7%. The overall market sentiment towards JBLU is currently bearish due to the decline in stock price and negative earnings metrics.
More about Uber Technologies Inc
Uber Technologies Inc. is a leading American technology company in the trade and services sector, specifically focused on business services. With a market capitalization of 162.82 billion, the stock is currently trading at $90.13 with a 0.87% change. The company has shown a 18.31% return on equity and a strong price/earnings ratio of 0.0506. With a revenue of 37.28 billion and a net income of 84.9 million, Uber has a solid financial standing. However, the stock performance and market sentiment are showing some potential risks and uncertainties, given the volatility in the market. It is important to consider the support and resistance levels, as well as the potential for breakouts, head and shoulders patterns, and bullish or bearish trends, in order to make informed investment decisions.
More about Walmart Inc
Walmart Inc. is a retail giant with a market capitalization of $473.46 billion, a stock price of $237.11, and a dividend yield of 0.553%. The stock has shown a 6.01% increase in the last quarter and a 2.27% increase in the last month. Market sentiment seems to be bullish, with a Relative Strength Index (RSI) of 29.26, indicating potential overbought conditions. However, it's important to note that past performance is not always indicative of future results, and there may be potential risks associated with investing in this stock.
More about Cigna Corp
Cigna Corp is a major player in the managed healthcare and insurance industry, with a market capitalization of $195.19 billion. The stock is currently trading at $367.71, with a 52-week range of $19.23 to $657.46. This indicates a high level of volatility in the stock price, potentially reflecting uncertainty in the market sentiment. The price to earnings ratio of 4.92 suggests that the stock may be undervalued, but the negative earnings per share growth of -8.8% raises concerns about the company's financial performance. Overall, the stock's performance and market sentiment appear to be mixed, with potential risks and uncertainties that should be carefully considered before making any investment decisions.
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