28 Jun 2024
BREAKING: Walgreens stock, $WBA, crashes nearly 25% after drugstore chain cuts profit guidance due to "challenging" consumer environment.
"We assumed the consumer would get somewhat stronger” but “that is not the case,” Walgreens CEO said. Walgreens cut their earnings per share outlook by 12.5% yesterday. The stock is now down 88% from its all time high and 55% in 2024. Another sign that consumers are struggling? Source: The Kobeissi Letter
27 Jun 2024
US equity markets have never been more expensive than the rest of the world on a price to book basis.
Source: Tavi Costa, Bloomberg
27 Jun 2024
Visualizing the incredible surge in tech stocks 📊
Markets & Mayhem 🤖
26 Jun 2024
US equity markets have never been more expensive than the rest of the world on a price to book basis.
Source: Tavi Costa, Bloomberg
26 Jun 2024
A century of investing
Source: Mario Gabelli on X, BofA
24 Jun 2024
Here are the stocks driving the S&P500’s almost 15% return so far in 2024.
Source: Evan
24 Jun 2024
The market cap-weighted S&P 500 is outperforming the equal weight index by nearly 10% this year, following 12% outperformance in 2023.
Since 1971, the only back-to-back years with a higher combined outperformance: 1998-1999. Source: Charlie Bilello
24 Jun 2024
Mega Cap Tech Stocks hit their most overbought level in more than 6 years last week
Source: Barchart, Bloomberg
