Walgreens Boots Alliance (NYSE: WBA) is poised to become a global drugstore and prescription powerhouse, reflected in its fiscal second-quarter earnings reported Tuesday. In a sector that was once struggling to compete with itself and with other retailers, the massive international consolidations will make Walgreens a force to be reckoned with. Walgreens must, however, first digest acquisitions and get cost cuts finished so investors can examine organic growth plans. Walgreen Earnings Reflect Expense Read more […]
Here is what Rep. Luis Gutiérrez (D-IL) said earlier today about the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) bill and what House Speaker Paul Ryan said about the bill:As we were reminded yesterday by the Speaker of the House, Puerto Rico is a U.S. territory and the Constitution explicitly gives Congress the power to “make all needful Rules and Regulations respecting the Territory or other Property belonging to the U.S.”And treating Puerto Rico as Read more […]
Mebane Faber recently wrote a This article, Are High Dividend Stocks Worth Investing, first appeared on BigFatPurse.
Via the FT: 13 hours agoby: Laura Noonan in London and Alistair Gray in New York Global investment banks suffered declines of as much as 56 per cent in their trading businesses in the first three months of the year, analysts believe, stoking fears of further lay-offs for staff and lower dividends for shareholders. Europe’s shrinking investment banks bore the full brunt of 2016’s difficult environment for the buying and selling of assets such as bonds, stocks and commodities on behalf Read more […]
In early 2009, if you bought biotech stocks, you would have made over 400% when the sector peaked in 2015. What was going on in early 2009 that would have clued you in that biotech stocks were going to be a good bet? Barack Obama. That’s right: Barack Obama was inaugurated president of the United States in January 2009. Sophisticated investors like me track presidential campaigns to see if a candidate might favor a group of stocks. It wasn’t any great surprise to find that once Obama’s Read more […]
Via the FT: US life insurers shaken by rock-bottom rates Industry titans hit almost as hard as banks amid macroeconomic concerns February 10, 2016 by: Alistair Gray in New York Life insurers are supposed to be bedrocks of financial stability, dependable institutions whose long-term business models set them apart from scandal-hit banks. Yet shares in the leading US insurers, which help millions of Americans through retirement, have been anything but stable in recent weeks. Read more […]