Walgreens Boots Alliance, Inc. (WBA - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $62.39 to $65.80 in the past one-month time frame.
The move came after the company is set to join the Dow Jones Industrial Average by replacing General Electric Co.
The company has seen two negative estimate revisions in the past month, while its Zacks Consensus Estimate has also moved lower over the said time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Walgreens Boots currently has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
A better-ranked stock in the Retail - Pharmacies and Drug Stores industry is Herbalife Nutrition Ltd. (HLF - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is WBA going up? Or down? Predict to see what others think: Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>