Jefferies Reiterates Buy on Walgreens Boots Alliance (WBA) Following 4Q and Guidance

Pre-Open Stock Movers 10/20: (DRWI) (SCYX) (IMAX) Higher; (RIGL) (SCSS) (EBAY) Lower (more...)

October 20, 2016 9:21 AM EDT

Today's Pre-Open Stock Movers

DragonWave Inc. (Nasdaq: DRWI) 48.9% HIGHER; announced Sprint (NYSE: S) has selected its microwave backhaul equipment for network deployment as part of the company's densification and optimization strategy.

Rigel Pharmaceuticals, Inc. (Nasdaq:... More

Walgreens sees Rite Aid deal closing in early 2017

October 20, 2016 7:20 AM EDT

By Sruthi Ramakrishnan

(Reuters) - Drugstore chain Walgreens (NASDAQ: WBA) said it expected its Rite Aid acquisition (NYSE: RAD) to close three months later than planned, and included the smaller rival's profit in its full-year forecast, suggesting the company expected the deal to win regulatory approval.

Shares of Walgreens Boots Alliance Inc, which also reported a better-than-expected quarterly profit, were up 3.7 percent at $80.04 on Thursday morning. Rite Aid's shares were up 4.5 percent at $6.96.

The No. 1 U.S. drugstore operator by store count... More

Walgreens Boots Alliance (WBA) and Rite Aid (RAD) Announce Extension of Merger Agreement End Date to January 27

October 20, 2016 7:17 AM EDT

Walgreens Boots Alliance, Inc. (Nasdaq: WBA) and Rite Aid Corporation (NYSE: RAD) today announced that, in accordance with the terms of their merger agreement dated 27 October 2015, they have mutually agreed to extend the end date of their merger agreement from 27... More

Walgreens Boots Alliance (WBA) Tops Q4 EPS by 8c; Guides FY17 EPS

October 20, 2016 7:01 AM EDT

Walgreens Boots Alliance (NASDAQ: WBA) reported Q4 EPS of $1.07, $0.08 better than the analyst estimate of $0.99. Revenue for the quarter came in at $28.6 billion versus the consensus estimate of $29.06 billion.

Rite Aid Acquisition

Walgreens Boots Alliances pending acquisition of Rite Aid Corporation, which was announced 27 October 2015, is progressing as planned. The transaction is subject to the expiration or termination of applicable waiting periods under... More

Trading Radar for 10/20: Microsoft (MSFT), Verizon (VZ), Walgreens Boots (WBA), AMD (AMD), Travelers (TRV) Report

October 19, 2016 2:32 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 249kContinuing Claims - no Street consensusPhiladelphia Fed - Street sees 5.5

Earnings:

Acme United (Nasdaq: ACU (Nasdaq: $0.36
Alaska Air Group (Nasdaq: ALK (Nasdaq: $2.07
Alliance Data Systems (Nasdaq: ADS (Nasdaq: $4.44
American Airlines (Nasdaq: AAL (Nasdaq: $1.57
Bank of New York (Nasdaq: BK (Nasdaq: $0.81
BankUnited (Nasdaq: BKU (Nasdaq: $0.53
Bladex (Nasdaq: BLX (Nasdaq: $0.85
DST Systems (Nasdaq: DST (Nasdaq: $1.47
Dana Holdings (Nasdaq: DAN (Nasdaq:... More

Walgreens Boots Alliance (WBA) volatility increases into Q4 and outlook

October 19, 2016 1:37 PM EDT

Walgreens Boots Alliance (NASDAQ: WBA) October option implied volatility is at 66, November is at 28; compared to its 52-week range of 17 to 37 into the expected release of Q3 results on October 20.

... More

Streetinsider.com's Hot Lunchtime Reads 10/19: (KR) (AA) (FFIV) (PEGA)

October 19, 2016 12:21 PM EDT

The following is a list of notable articles to help get you through the lunch hour:Kroger (KR) Balks at Buying Stores from Walgreens (WBA)/Rite Aid (RAD) Deal - Reuters ->... More

UPDATE: Kroger (KR) Balks at Buying Stores from Walgreens (WBA)/Rite Aid (RAD) Deal - Reuters

October 19, 2016 11:23 AM EDT

(Updated - October 19, 2016 11:27 AM EDT)

Kroger (NYSE: KR) is questioning whether to proceed with buying divested stores from Walgreens' (Nasdaq: WBA) acquisition of Rite Aid (NYSE: RAD), according... More

Pre-Open Stock Movers 10/19: (CERU) (BANC) (DATA) Higher; (IMPV) (CREE) (MANH) Lower (more...)

October 19, 2016 9:17 AM EDT

Pre-Open Stock Movers

Cerulean Pharma Inc. (Nasdaq: CERU) 79.7%... More

Kroger (KR) May Not Buy Walgreens (WBA)/Rite Aid (RAD) Stores - NYP

October 19, 2016 8:07 AM EDT

Kroger (NYSE: KR) is feared to be close to passing on acquiring some of 650 stores Walgreens Boots Alliance (NASDAQ: WBA) and Rite Aid (NYSE: RAD) need to sell to gain regulatory... More