Walgreens Rises, McCormick Gains, Nike Up Ahead of Earnings
On this episode of Stock Movers:
- Walgreens (WBA) shares rise after the company reported quarterly profit that beat Wall Street’s expectations. It's a hopeful sign as the pharmacy giant prepares to transform into a private company after its market value plummeted due to retail competition.
- McCormick (MKC) shares rise after the company's 2Q EPS topped estimates and management reaffirmed its profit and sales guidance. Barclays says the fact that the company reaffirmed its guidance despite an incremental impact from tariffs eases some recent concerns.
- Nike (NKE) shares are up ahead of earnings. Nike's turnaround is still in sight despite tariff headwinds and inventory challenges. Alternative data suggest improving store traffic, meaning Nike may report better, though still negative, direct-to-consumer sales in its fiscal 4Q results on June 26.
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