Secure

Edge

Optimism

Gains

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">In a volatile trading session, three major stocks are capturing investors’ attention with significant price movements and key announcements. Walgreens Boots Alliance (NASDAQ: WBA) faced a steep decline following its earnings report, while Micron Technology (NASDAQ: MU) saw a pullback despite beating expectations. Meanwhile, Palo Alto Networks (NASDAQ: PANW) gained on positive analyst sentiment. Here’s a closer look at these stocks making waves in today’s market.</p> 
<h3 id="walgreens-boots-alliance-wba-stock-plunges-on-third-quarter-earnings-report">Walgreens Boots Alliance (WBA) Stock Plunges on Third-Quarter Earnings Report</h3> 
<p>Shares of Walgreens Boots Alliance plummeted 24.77% to $11.78 as of 11:30 AM EDT, following the release of its <a href="https://investor.walgreensbootsalliance.com/static-files/2eb7b12d-101f-413a-b676-a1bbaaa3e599" target="_blank" aria-label="fiscal third-quarter earnings report (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">fiscal third-quarter earnings report</a>. Despite beating revenue expectations with $36.4 billion against an anticipated $35.94 billion, the company’s adjusted <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="dofollow" class="deco-link">earnings per share</a> of $0.63 fell short of the expected $0.68. <br><br>The pharmaceutical retailer slashed its full-year adjusted profit outlook to $2.80-$2.95 per share from the previous $3.20-$3.35, citing a “challenging” environment for pharmacies and U.S. consumers.</p> 
<p>Walgreens announced plans to close underperforming U.S. stores over multiple years as part of a cost-cutting strategy. Despite challenges in its retail segment, which saw a 4% decline in sales, the company’s U.S. healthcare segment grew 7.6% year-over-year to $2.13 billion. <br><br>The stock’s year-to-date return stands at -53.64%, significantly underperforming the <a href="https://tokenist.com/investing/spx-vs-spy/" rel="dofollow" class="deco-link">S&amp;P 500</a>‘s 14.69% gain.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p> 
 </div> 
</div> 
<h3 id="micron-technology-mu-dips-despite-better-than-expected-results-fails-to-impress-ai-driven-expectations">Micron Technology (MU) Dips Despite Better than Expected Results, Fails to Impress AI-Driven Expectations</h3> 
<p>Micron Technology shares dropped 6.76% to $132.73 by late morning trading, despite reporting better-than-expected <a href="https://investors.micron.com/news-releases/news-release-details/micron-technology-inc-reports-results-third-quarter-fiscal-2024" target="_blank" aria-label="quarterly results (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">quarterly results</a>. <br><br>The memory chip manufacturer posted earnings per share of $0.62, surpassing the projected $0.51, and revenue of $6.81 billion, exceeding the estimated $6.67 billion. However, forward guidance that merely met analyst expectations appeared to disappoint investors, especially considering the stock’s strong performance leading up to earnings, having rallied over 65% year-to-date.</p> 
<p>With a market capitalization of $157.70 billion, Micron remains a key player in the <a href="https://tokenist.com/3-small-cap-ai-stocks-with-serious-growth-potential/" rel="dofollow" class="deco-link">AI-driven semiconductor rally</a>. <br><br>However, some analysts suggest the stock may be overvalued in the short term, with an estimated fair value of $97.84, significantly below its current trading price. Despite the pullback, the average analyst price target stands at $153.08, indicating potential upside.</p> 
<h3 id="palo-alto-networks-panw-stock-gains-on-analyst-optimism">Palo Alto Networks (PANW) Stock Gains on Analyst Optimism</h3> 
<p>Bucking the downward trend, Palo Alto Networks saw its stock rise 5.28% to $342.42 by late morning. The cybersecurity firm continues to benefit from bullish analyst sentiment, with both Robert W. Baird and Cantor Fitzgerald analysts maintaining Buy ratings. <br><br>Analysts cite steady demand, improved visibility for the year’s second half, and successful platformization strategies, particularly in Secure Access Service Edge (SASE) and Extended Security Information and Event Management (XSIEM).</p> 
<p>Palo Alto Networks boasts impressive growth metrics, with a year-to-date return of 16.12% and a one-year return of 40.45%, outpacing the broader market. The company’s focus on high-quality, sustainable customer relationships and positive response to new AI features have contributed to its strong performance in the rapidly growing cybersecurity sector.</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> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/stocks-to-watch-wba-micron-technology-palo-alto-networks/">Stocks to Watch: WBA, Micron Technology, Palo Alto Networks</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch: WBA, Micron Technology, Palo Alto Networks

Mục lục

Tokenist

Các bài viết khác được xuất bản trên 27 thg 6, 2024

Breaking: VanEck Files Application For First Solana ETF With US SEC

Chainlink Boosts Farmsent’s Trade Finance Platform with Tokenized Asset Support

Cardano Shifts Governance To ICC And Reveals Readiness For Chang Hard Fork

Litecoin Outperforms Bitcoin and Ethereum in Usage: Decoding the Continued Bearish Trend for LTC

Is The Bottom in For Crypto? Here Are 3 Coins That Could Explode After Holding Up Better Than Oth...

Ethereum ETF Launch in Jule Will Ignite The Bull Market – Altcoins Ready To Pump First

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!