Gains

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<p class="has-drop-cap">Caesars Entertainment (NASDAQ: CZR) stock soared following <a href="https://www.bloomberg.com/news/articles/2024-05-31/carl-icahn-said-to-build-sizable-stake-in-casino-group-caesars" target="_blank" aria-label="reports (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">reports</a> of billionaire activist investor Carl Icahn taking a sizable stake in the company, while Walgreens Boots Alliance (NASDAQ: WBA) stock rose as the company launched a “<a href="https://www.walgreensbootsalliance.com/news-media/press-releases/2024/walgreens-introduces-summer-savings" target="_blank" aria-label="Summer of Savings (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">Summer of Savings</a>” campaign to boost sales. Meanwhile, Warner Bros. Discovery (NASDAQ: WBD) stock increased based on positive analyst ratings and upgrades, reflecting confidence in the company’s future performance.</p>
<h3 id="caesars-entertainment-czr-stock-soars-on-carl-icahn-stake">Caesars Entertainment (CZR) Stock Soars on Carl Icahn Stake</h3>
<p>Caesars Entertainment stock surged up to 15% today, following reports that billionaire activist investor Carl Icahn had taken a significant stake in the company. <br><br>The news led to speculation about potential strategic changes or improvements Icahn might advocate for, causing the market to react positively. As a result, Caesars’ market capitalization increased to $6.89 billion, with a forward <a href="https://tokenist.com/investing/p-e-ratio/" rel="noopener noreferrer nofollow" class="deco-link">P/E ratio</a> of 925.87 and revenue growth of 0.71% year-over-year.<br><br>While the exact size of Icahn’s stake and his intentions were not immediately known, traders reacted positively to his involvement. Due to his reputation as an <a href="https://tokenist.com/investing/esg-investing/" class="deco-link" rel="noopener noreferrer nofollow">influential investor</a>, his involvement is often seen as a catalyst for stock price movements. Bloomberg, citing traders, reported that Icahn had taken a sizable position in Caesars, leading to the stock’s jump.<br><br>As of 12:12 PM EDT on May 31, 2024, Caesars Entertainment’s stock price reached $35.60, a significant increase of 11.78%. The company has a market capitalization of $7.7 billion, a trailing P/E ratio of 9.00, and an EPS (TTM) of $3.54. Caesars’ revenue (TTM) stands at $11.44 billion, with a profit margin of 6.68% and a return on equity of 19.99%. The company has total cash of $726 million and a total <a href="https://tokenist.com/investing/debt-to-equity-ratio/" rel="noopener noreferrer nofollow" class="deco-link">debt/equity ratio</a> of 564.91%.</p>
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<h3 id="walgreens-boots-alliance-wba-stock-gains-on-summer-of-savings-campaign">Walgreens Boots Alliance (WBA) Stock Gains on “Summer of Savings” Campaign</h3>
<p>Walgreens Boots Alliance stock also gained today. The company has recently introduced a “Summer of Savings” campaign featuring new discounts and promotions to increase customer engagement and sales. <br><br>The market responded positively to the potential for increased revenue from the campaign, which targets both new and returning customers during the summer period.</p>
<p>The “Summer of Savings” initiative includes discounts on various products, loyalty rewards, and special promotions designed to boost foot traffic and online sales. Analysts highlighted the campaign’s timing, aligning with increased consumer spending during the summer months, as a strategic move to capture higher sales.</p>
<p>As of 12:11 PM EDT on May 31, 2024, Walgreens Boots Alliance’s stock price increased by 4.30% to $16.05. The company has a market capitalization of $13.851 billion, an EPS (TTM) of -$7.00, and revenue (TTM) of $144.6 billion. <br><br>Walgreens’ profit margin stands at -4.18%, with a return on equity of -57.19%. The company has total cash of $676 million and a total debt/equity ratio of 225.38%.</p>
<h3 id="warner-bros-discovery-wbd-stock-rises-on-positive-analyst-ratings">Warner Bros. Discovery (WBD) Stock Rises on Positive Analyst Ratings</h3>
<p>Warner Bros. Discovery, Inc. (NASDAQ: WBD) stock increased following positive analyst ratings and upgrades, which reflected confidence in the company’s future performance despite recent earnings misses. The consensus recommendation of “Moderate Buy” and improved price targets from analysts supported the stock’s upward movement.</p>
<p>Multiple research reports and analyst upgrades contributed to the stock’s rise, including Rosenblatt Securities raising their rating from “sell” to “neutral” and increasing the price target from $7.00 to $10.00. KeyCorp also raised their rating from “sector weight” to “overweight,” setting an $11.00 price target for the company.</p>
<p>As of 12:11 PM EDT on May 31, 2024, Warner Bros. Discovery’s stock price increased by 3.96% to $8.40. The company has a market capitalization of $20.57 billion, an <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">EPS</a> (TTM) of -$1.24, and revenue (TTM) of $40.58 billion. Warner Bros. Discovery’s profit margin stands at -7.45%, with a return on equity of -6.39%. The company has total cash of $3.07 billion and a total debt/equity ratio of 94.02</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-walgreens-boots-alliance-warner-bros-discovery-caesars-entertainment/">Stocks to Watch Today: Walgreens Boots Alliance, Warner Bros. Discovery, Caesars Entertainment</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Walgreens Boots Alliance, Warner Bros. Discovery, Caesars Entertainment

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