3 Stocks Making Outsized Midday Moves

Walgreens Boots Alliance is enjoying a post-earnings boost

Deputy Editor
Oct 12, 2023 at 12:17 PM
facebook X logo linkedin

JD.com Inc (NASDAQ:JD) and Beyond Meat Inc (NASDAQ:BYND) are moving after analysts notes, while Walgreens Boots Alliance (NASDAQ:WBA) gets a lift from an upbeat earnings report.

Blue-Chip Giant Soars After Earnings

Walgreen Boots Alliance stock is up 4.7% at $23.66 at last check, even after the company's fiscal fourth-quarter earnings of 67 cents per share came in 2 cents below the average estimates amid decreased demand for Covid tests and vaccines. Its revenue of $35.42 billion was above forecasts, however, and the company provided soft profit guidance for the full year.

Once again, the $24 area is thwarting WBA's rally from its lowest level since 2009. The stock is on track to close above its 40-day trendline for the first time since late July, though it remains down 36.7% in 2023.

Jefferies Calls JD.Com's  Revenue Into Question

Jefferies today cut its price target on U.S.-listed shares of Chinese e-commerce firm JD.Com to $80 from $97, citing impending macro headwinds as consumer sentiment recovers. Specifically, in its bear note, the analyst said it expects "JD Retail revenue growth to be flattish [year over year]."

Last seen down 6.5% at $28.36, a familiar floor at the $28 level saved JD from falling even further on the charts. The security is already down nearly 50% year to date, pressured lower by its 20-day moving average over the last two months, with just two closes above the trendline since Aug. 11.

Mizuho More Than Halves Price Target on Beyond Meat Stock

Mizuho downgraded plant-based meat products manufacturer Beyond Meat stock to "underperform" from "neutral," and cut its price target to $5 from $12. The brokerage cited macro pressures and a lack of product innovation, suggesting downside risks through 2024.

At last glance, BYND was down 5.8% at $8.33, sitting just above its Oct. 6 year-to-date low of $8.34. The stock is down on most fronts, sporting 32.3% and 41.3% year-to-date and year-over-year deficits, respectively. Its 10-day moving average began pressuring the shares lower in early September, though it managed to close above the trendline yesterday.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI