After Walgreens Boots (WBA) posted quarterly results, the stock popped from around $9.00 to over $11.00. Longtime shareholders are hopeful that the downtrend in the drugstore business is coming to an end.
The company will close around 500 stores in this half of the year. This is in addition to past closures. As store closures accelerate, the company will benefit from lower costs.
In the e-commerce sector, Etsy (ETSY) peaked at over $80 to close at $51.56 last week. The firm, known best for selling unique, quality items, is repairing its reputation. It previously let merchants sell cheap quality goods made in China. ETSY stock needs a stronger discretionary consumer spending trend. Without that, the stock will not bounce back quickly.
Johnson & Johnson (JNJ) is an attractive stock to consider at current levels. The firm will make at least $10 a share in earnings this year. Readers may speculate on JNJ’s price-to-earnings ratio expanding. Once the company resolves its talc case, it removes uncertainties weighing on the stock.
In the banking sector, Bank of America (BAC) could break out to new highs. The bank reported its provision for credit losses stabilized at $1.5 billion, flat from Q2/2024 and up from $1.2 billion in Q3/2023.
