Share to Twitter Share to Linkedin We believe Walgreens stock (NASDAQ NDAQ : WBA) is currently a better pick than Walmart stock (NYSE: WMT), given its better prospects. Although Walgreens WBA is trading at a comparatively lower valuation of 0.3x, trailing revenues than 0.7x for Walmart WMT , this gap in the valuation is justified given the latter’s superior revenue growth, profitability, and lower financial risk, as discussed below. If we look at stock returns, Walmart, with a 6% rise this year, has fared better than Walgreens, down 21%, and the broader S&P 500 index, down 17%. There is more to the comparison, and in the sections below, we discuss why we believe WBA stock will offer better returns than WMT stock in the next three years. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Walgreens vs. Walmart : Which Stock Is A Better Bet? Parts of the … [Read more...] about Is Walgreens Stock A Better Pick Over This Giant Retailer?
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Share to Twitter Share to Linkedin Bank of America’s stock (NYSE: BAC) has lost 20% YTD as compared to the 17% drop in the S&P500 index over the same period. Further, at its current price of $37 per share, the stock is trading 12% below its fair value of $42 – Trefis’ estimate for Bank of America’s valuation . The bank topped the consensus estimates of revenues and earnings in the third quarter, with net revenues increasing by 8% y-o-y to $24.5 billion. It was mainly driven by a 24% growth in the net interest income, which benefited from improvement in interest rates and higher outstanding loan balances. However, the growth was partially offset by an 8% drop in noninterest revenues. This suffered due to a decrease in investment banking income, asset management fees, and service charges, overpowering the growth in sales and trading revenues. On the expense front, the provisions for credit losses saw an unfavorable build-up from -$624 million to $898 … [Read more...] about Is Bank Of America Stock Fairly Priced?
Share to Twitter Share to Linkedin Activision Blizzard stock (NASDAQ NDAQ : ATVI) reported its Q3 results in the second week of November, with revenue and earnings falling above the street expectations. Activision Blizzard’s revenue of $1.8 billion reflected a 14% y-o-y decline on a GAAP basis, while its net bookings of $1.8 billion were down 3% y-o-y. This can be attributed to a decline in monthly active users (MAUs) for both Activision and King segments. The gaming industry is witnessing a slowdown in user engagement after robust growth during the pandemic. For perspective, Activision Blizzard’s ATVI total average MAUs rose 15% to 401 million in 2021, compared to 349 million in 2019, before the pandemic. This metric has now fallen to 368 million as of September 2022. Looking at the bottom line, the company reported earnings of $0.68 on a per-share and adjusted basis, down 24% y-o-y but well above the consensus estimate of $0.50. The y-o-y … [Read more...] about What’s Happening With Activision Blizzard Stock?
Electronic display boards at Hana Bank in central Seoul shows the Kospi closing at 2,479.84 points and the won at 1,299.70 to the dollar on Thursday. [YONHAP] Stocks and the won recovered to levels not seen in months on Thursday after the Federal Reserve Chairman signaled a slowing in the pace of interest rate increases. The Kospi broke 2,500 for the first time since August, before settling back below that level, while the won traded below 1,300 to the dollar, a level last hit in August. “The time for moderating the pace of rate increases may come as soon as the December meeting,” said Jerome Powell during a speech at the Brookings Institution in Washington. But he added, “cutting rates is not something we want to do soon. So that’s why we’re slowing down, and going to try to find our way to what that right level is.” On Thursday, foreign investors net purchased 32.8 billion won of Kospi shares and institutional investors 227 billion won. Individual investors unloaded 278.99 … [Read more...] about Stocks and won rally as Fed chair signals conditional dovishness
Bikaji Foods International | CMP: Rs 320.90 | The share price ended in the green on November 17. Goldman Sachs Funds - Goldman Sachs India Equity Portfolio acquired 17.45 lakh shares in Bikaji Foods International at an average price of Rs 324.5 per share. Bikaji Foods International made an impressive debut on the bourses on November 16 with the shares closing 5.8 percent higher at Rs 317.45 but lower from the day’s high. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The share price of ethnic snacks food company Bikaji Foods has been on a roll since its listing. The stock has gained over 33 percent after its market debut on November 16, rising from its listing price of Rs 322.80 to Rs 436. While the stock was trading flat on November 30 morning, it was up 10 percent for two straight sessions in the week gone by. At 11.08 am, the … [Read more...] about Newly-listed Bikaji Foods up 33% since debut, what should investors do?
Representative image. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Hyderabad-based Gland Pharma on November 29 said it had agreed to acquire 100 percent equity in French drug maker Cenexi Group for a value not exceeding 120 million euros. The agreement was reached by Gland Pharma’s Singapore-based subsidiary, Gland Pharma International. Follow our live blog for all the market action Gland Pharma’s management expects to close the transaction by February/March 2023 and to fund the deal through internal accruals. The stock, after gaining more than 10 percent over the last two trading sessions, lost more than 4 percent in trading on Wednesday. Here are what securities firms are saying about the deal. Nomura Maintains a neutral rating and target price of Rs 2,236 on the shares of Gland, which is 25 times … [Read more...] about Analysts largely neutral on Gland Pharma’s acquisition of Cenexi Group
Jerome Powell - A + A (Dec 1): A rally in US stocks and bonds powered ahead after a speech by Federal Reserve chairman Jerome Powell on Wednesday, but some investors believe a looming recession could cap gains in both asset classes. Though asset prices have been battered by the Fed’s rate rises this year, momentum has been on the side of the bulls in recent weeks. The S&P 500 has soared nearly 14% from its October low while yields on the 10-year benchmark Treasury, which move inversely to prices, are down at around 3.6%, from a 15-year high of 4.3% earlier this year. The immediate reaction to Powell’s speech on Wednesday showcased investors’ recently optimistic mood. The S&P 500 soared more than 3% after Powell said the Fed could scale back the pace of its rate increases as soon as December, although he warned there was little clarity on how high rates will ultimately need to rise as the central bank fights the worst outbreak of inflation in decades. … [Read more...] about Markets sigh with relief after Powell speech, but more turbulence likely ahead
Share to Twitter Share to Linkedin From supply shortages to the war in Ukraine, surging energy prices, and the midterm elections, the top news stories in 2022 have been rife with issues impacting your wallet. While inflation has stolen the spotlight for much of the year, the job market remains surprisingly strong, and the stock market appears poised for recovery, following the best October on record. Below we look at five of the top headlines impacting consumers and investors in 2022. 1. Inflation remains stubbornly high The September Consumer Price Index (CPI) rose 0.4% month-over-month, well above the 0.2% that was expected for a year-over-year number of 8.2%, down slightly from August’s 8.3%. Meanwhile, core CPI (ex-food and energy) soared a huge 0.6% from August versus the 0.4% expected. The year-over-year increase was a fresh 40-year high of 6.7%, up from 6.3% in August. That gave the Federal Reserve (Fed) plenty of room to continue its aggressive … [Read more...] about 5 Economic Headlines Impacting Your Finances In 2022 And How You Can Prepare For The Year Ahead
- A + A (Dec 1): Equities in Asia extended gains after their best monthly rally in 24 years, as concerns eased over China's Covid-19 measures and the US Federal Reserve's (Fed) tightening. After capping a 15% gain November, the MSCI Asia Pacific Index jumped as much as 2.5% on Thursday, inching closer toward a bull market. Gauges in China, Japan, and Taiwan led gains — although Hong Kong's measures pared — as a top Chinese official said efforts to combat the virus are entering a new phase with the Omicron variant weakening and vaccination rates rising. Investors may look past China's near-term economic slump "as long as there are positive signs of China's reopening", David Chao, global market strategist for Asia Pacific ex-Japan at Invesco, wrote in a note. Traders will watch whether China's central bank will ease further in December, he added. Regional equities also got a boost from a weaker dollar, after Fed chair Jerome Powell said that the pace of rate … [Read more...] about Asian stocks extend best rally in 24 years on China, Fed boosts
- A + A BEIJING (Dec 1): China is set to announce in coming days an easing of its COVID-19 quarantine protocols and a reduction in mass testing, sources told Reuters , a marked shift in policy after anger over the world's toughest curbs fuelled widespread protests. Cases nationwide remain near record highs but the changes come as some cities have been lifting their lockdowns in recent days, and a top official said the ability of the virus to cause disease was weakening. Health authorities announcing the easing in their areas have not mentioned the protests - the biggest show of civil disobedience in China for years which ranged from candle-lit vigils in Beijing to street clashes with police in Guangzhou. The measures due to be unveiled include a reduction in mass testing and regular nucleic acid tests and moves to allow positive cases and close contacts to isolate at home under certain conditions, the sources familiar with the matter said. That is a far cry … [Read more...] about China set to loosen COVID curbs after week of historic protests