Ben Levisohn

The little-known utility is suddenly the hottest compahy around. The trend its benefitting from, however, remains the same.

The drugstore chain has been struggling and its financial results are not expected to show much improvement.

The retail pharmacy chain also announces the planned closure of 1,200 stores over the next three years.

The retail pharmacy chain also announces the planned closure of 1,200 stores over the next three years.

Walgreens Boots Alliance stock was rising sharply after the retail pharmacy chain beat quarterly estimates and announced plans to close more than 1,000 stores. Walgreens stock gained 12% to $10.10 in trading Tuesday, putting it on track for its largest daily percentage increase since 2020, according to Dow Jones Market Data. For its fourth fiscal quarter, ended Aug. 31, the company reported adjusted earnings of 39 cents per share, beating Wall Street’s call for 36 cents, according to FactSet.

Starbucks stock was falling in after-hours trading after the company prereleased disappointing earnings and suspended guidance. Starbucks reported a profit of 80 cents a share, missing forecasts for $1.03, on sales of $9.1 billion, below estimates for $9.38 billion. The company also said that it would suspend guidance as the company begins to chart a new course under CEO Brian Niccol.

FEATURE Honeywell stock had jumped 8% to $243.31 on a Bloomberg report that Elliott Investment Management had built a $5 billion stake in the company. Shares of Honeywell have gained just 7.4% in 2024, lagging behind the 26% rise.

FEATURE Honeywell stock had jumped 5.3% to $237.11 after Elliott Investment Management built a $5 billion stake in the company. The fund, which often seeks to make changes to strategy or corporate structure, believes that Honeywell should break apart into two companies.

The fund, which often seeks changes to strategy or corporate structure, believes that Honeywell should break apart into two companies. “The time has come to embrace simplification,” reads part of Elliott’s letter.

The big moves in MicroStrategy stock are just another sign that things may not be quite right with the market. MicroStrategy stock has had a heck of a rally. MicroStrategy, though, isn’t building the chips that will fuel artificial intelligence, like Nvidia or getting investors excited about expanding its AI business beyond game apps, like AppLovin the only stock in the to gain more than MicroStrategy this year.