Walgreens stock surged 27% on Friday, Jan 10, after the company reported upbeat Q1 (fiscal ends in August) results. It reported revenue of $39.5 billion and adjusted earnings of $0.51 per share, compared to the consensus estimates of $37.3 billion, and $0.38, respectively. Walgreens maintained its full-year earnings outlook of $1.40 to $1.80 per share.
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Home Depot (NYSE: HD) is scheduled to report its fiscal second.-quarter results on Tuesday, August 15. We expect the company’s stock to likely see little movement due to its revenues and earnings almost matching the market expectations. The Federal Reserve has aggressively raised interest rates since 2022 to fight inflation. Consequently, this has translated to