Pharmacy Giant Cuts Dividend

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Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures held steady on Thursday after yesterday’s sell-off. Oil continued its surge as conflict in the middle east continues to aid concerns. Investors will be putting their attention on key US non-farm payrolls data on Friday for signs on the health of the economy.

Despite the slow start in the markets for 2024, we haven’t slowed down in The War Room. Our Lead Fundamental Tactician Karim Rahemtulla closed five double digit winning trades this week. These include a 71.22% gain on CLF in 246 trading days, a 57.81% gain on SCHW in 293 trading days, a 29.87% gain on ET in 180 trading days, and a 38% gain on TEVA in 493 trading days.

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Here’s a look at the top-moving stocks this morning.

Walgreens Boots Alliance (Nasdaq: WBA)

Walgreens Boots Alliance is up 3.44% in premarket trading after its latest earnings report. The company topped earnings and revenue expectations on Thursday, but cut its quarterly dividend in half. The retail pharmacy giant slashed its dividend to 25 center per share. Its dividend yield is now 3.9% based on Wednesday’s closing price.

RPM International (NYSE: RPM)

RPM International is down 6.66% premarket after reporting higher earnings in its fiscal second quarter as its gross margin improved. However, weak demand kept sales flat with year-ago levels. Sales came in at $1.79 billion, flat with its top line in the year-ago quarter and below analyst projections for $1.84 billion, according to FactSet.

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