Diamonds and Dogs

1/4/18

GE (GE) leading the Dow higher. The oldest Dow component was up 2% today and up around 6.5% year-to-date, outperforming the rest of the market in a big way. No news to push the stock higher, but as the worst Dow component in 2017, the stock was due for a bounce.

Walgreens (WBA) gets the boot. Walgreens Boots Alliance (WBA), the biggest US drugstore company, dropped 5% even though earnings beat expectations. On the downside, the company reported its sixth straight fall in retail same-store sales along with a drop in gross margins in its U.S. business.

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