Nov. 20, 2014, 10:45 AM
- The usual suspects topped a list of the businesses with the most foot traffic in October, compiled by location analytics firm Placed.
- The top five chains were Wal-Mart (NYSE:WMT), McDonald's (NYSE:MCD), Subway, Starbucks (NASDAQ:SBUX), and Walgreens (NYSE:WAG).
- Significant movers over the last month include KMart (NASDAQ:SHLD) +9 spots, KFC (NYSE:YUM) +6 spots, Bed Bath & Beyond (NASDAQ:BBBY) -7 spots, and Costco (NASDAQ:COST) -6 spots.
Nov. 10, 2014, 3:24 PM
Nov. 10, 2014, 7:02 AM
- Walgreen (NYSE:WAG) plans to sell bonds in Europe to help finance its purchase of Alliance Boots, according to Bloomberg.
- It's a move viewed as logical by analysts with the Walgreen Boots Alliance unit bringing in European revenue.
- The sale is expected to include £600M ($954M) of notes split between 6-year and 10-year maturities and up to €750M euros ($937M) of 12-year bonds.
Oct. 31, 2014, 12:57 PM
- Walgreen (WAG +1.7%) CFO Timothy McLevish will deliver a presentation at the Credit Suisse Healthcare conference on November 12.
- The talk from the exec could be an important one, according to analysts.
- Fresh insight on the Alliance Boots integration, the forecasting error allegedly made by McLevish's predecessor, the impact of CVS Caremark's tobacco/health strategy, and Apple Pay could all be on the agenda.
Oct. 29, 2014, 1:42 PM
- Walgreen (WAG -1.2%) has taken to social media to tell iPhone 6 and 6 Plus owners that Apple Pay is accepted at all of the drugstore chain's stores.
- Rivals Rite Aid (RAD +3.7%) and CVS Caremark (CVS -0.2%) don't accept payments through the Apple app as they wait for a competing mobile payments system called CurrentC to be introduced next year.
Oct. 28, 2014, 11:32 AM
- Redbook notes the timing of Halloween on a Friday is giving a boost to merchandise sales related to the holiday as more consumers prep for parties and celebrations.
- Both Redbook and ICSC's weekly read on retail store sales showed year-over-year improvement with Halloween sales a factor.
- Stores have also been extending their hours to draw in more shoppers.
- Looking for a Halloween boost: DLTR, DG, FDO, KR, SVU, SWY, WMT, TGT, HSY, KRFT, CVS, RAD, WAG, MDLZ.
Oct. 21, 2014, 3:44 PM| Oct. 21, 2014, 3:44 PM | 6 Comments
Oct. 20, 2014, 10:47 AM
- CVS Health (CVS +1%) plans to charge some customers a $15 co-payment fee for any prescriptions filled at a pharmacy which also sells tobacco products.
- The initiative could boost sales at CVS drugstores as consumers switch to the cheaper option, according to industry insiders.
- Large drugstore chains such as Walgreen (WAG +0.1%) and Rite Aid (RAD +0.6%), along with small independent pharmacies, are expected to cry foul over the CVS strategy.
Oct. 20, 2014, 10:31 AM
- There's some dysfunction at Walgreen (WAG +0.3%) as a testy lawsuit against the company filed by former CFO Wade Miquelon accuses the CEO and a board member of defaming him in meetings with investors.
- Miquelon disputes the contention that he was responsible for a faulty forecast on generic drug prices which ended cutting into a profit target by $1.1B.
- Some of the employees that worked with Miquelon in the finance group are still at the company.
Oct. 14, 2014, 3:31 PM
- Global growth, foreign-exchange, oil, and small caps are the subject of every client inquiry, says David Kostin. His team's recommendation: Buy "American exceptionalism."
- In Kostin's view, U.S. economy and corporate fundamentals are still strong, with economic growth expected by Goldman economists to be 3.2% next year, the fastest expansion since 2005. Europe is expected to grow just 1%.
- What his team likes are those stocks of companies which have a high proportion of domestic sales, plus sectors like Consumer Staples (XLP -0.1%) and Discretionary (XLY +0.7%) which stand to benefit from lower oil prices (plunging again today).
- As for small caps (IWM +0.9%), Kostin is wary, noting downward earnings revisions have boosted small cap P/E ratios even as prices have declined.
- The list of S&P 500 names capturing two or more of Kostin's themes: GT, GM, PCLN, AMZN, CMCSA, LOW, DG, TSN, ADM, CVS, AVP, WAG, PXD, HAL, JPM, BAC, SCHW, PNC, MS, C, GNW, LNC, MET, THC, AET, UNH, ESRX, HUM, WLP, BIIB, GILD, DAL, CMI, FLR, CRM, JBL, MA, FB, MU, FSLR, VMC, MON, T.
Oct. 9, 2014, 4:00 PM
- It's unlikely that the strong dollar will impact Q3 earnings as much as people think, Diane Garnick, CEO of global asset management firm Clear Alternatives says. But it will impact Q4 earnings. We're likely to see companies meet or exceed earnings in Q3, but give downward forecasts for Q4, she says.
- Companies with bigger international exposure, like Wal-Mart (NYSE:WMT) will lower their estimates more. The same is true for sectors dominated by companies with global exposure like financials (NYSEARCA:XLF).
- Conversely, companies like Walgreen (NYSE:WAG) who are almost all U.S. dollar based will be less impacted by a stronger dollar. Also relevant for ETFs like XLP and XLU.
- Link: Reuters Insider
Oct. 8, 2014, 4:50 PM
Oct. 3, 2014, 8:14 AM
Oct. 1, 2014, 9:01 AM
- Express Scripts (NASDAQ:ESRX) will feature Walgreens (NYSE:WAG) as the preferred retail pharmacy in its two national Medicare Prescription Drug Plans. Medicare beneficiaries enrolled in the Express Scripts Value or Choice Plans will either pay $0 (Value) or $1 (Choice) copayments for Tier 1 generic medications when using one of the more than 27,000 pharmacies in the plans' preferred retail network (8,200 Walgreens pharmacies and 18,500 community pharmacies).
- Specific financial aspects of the collaboration, if any, are undisclosed.
Sep. 30, 2014, 2:51 PM
- Walgreen (WAG -0.2%) continues to feel an impact from its generic pricing miscalculation that led to the dismissal of several high-level execs.
- During the firm's earnings call, management highlighted how lower drug reimbursement rates could continue to crimp profits as the company reels in less than a more favorable contract would have brought in.
- Earnings call webcast
Sep. 30, 2014, 7:54 AM
WBA vs. ETF Alternatives
Walgreens Boots Alliance Inc operates drug-stores chain in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drug-stores, as well as mail, and by telephone and online.
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