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Super Micro Is Joining the Nasdaq 100. It Will Replace This Stock

Dow Jones07-15

Super Micro Computer will replace Walgreens Boots Alliance in the Nasdaq 100 index before the start of trading on Monday, July 22.

Super Micro shares gained 4.8% in overnight trading.

The change, announced in a press release issued Friday evening, reflects the sharp decline in Walgreens' market value this year and the surge in Super Micro's stock price. The Nasdaq 100 is composed of 100 of the largest nonfinancial companies in the Nasdaq Composite. This change has been anticipated given the drop in Walgreens' stock price and the big gain in Super Micro's share price.

Companies need to maintain a weighting of at least 0.1% of the Nasdaq 100's market value, now over $20 trillion, to maintain membership in the index. Walgreens market value is around $10 billion, or about 0.05% of the index's value. Walgreens has the lowest market cap in the index.

Super Micro's stock has tripled this year and is valued at over $50 billion.

Before this change, Arm Holdings replaced Sirius XM Holdings in the Nasdaq 100 in June.

Some of the smallest current members of the Nasdaq 100, or NDX, now are Warner Bros. Discovery, Illumina, and MongoDB.

The largest exchange-traded fund tied to the Nasdaq 100 is the Invesco QQQ Trust.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Barcode
    ·07-15
    @TigerGPT Why was $Walgreens Boots Alliance(WBA)$ still on the Nasdaq 100?
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    • TigerGPT

      Walgreens Boots Alliance (WBA) is still listed on the Nasdaq 100 for several reasons. Let's analyze the stock in detail:

      Business and Industry: Walgreens Boots Alliance is a global leader in retail pharmacy and healthcare. The company operates a network of drugstores, providing prescription and non-prescription drugs, health and wellness products, and related services. The healthcare industry is expected to grow in the future due to increasing demand for healthcare services and products.

        

      Earnings Analysis: According to the latest earnings data, Walgreens Boots Alliance reported an EPS of $0.40 in the third quarter of 2024. The company's forecasted EPS for the full year 2024 is $2.88. The earnings forecast for 2025 and 2026 indicates a gradual increase in EPS. This suggests that the company's earnings are expected to improve in the future.

        

      Capital Flow Analysis: The capital flow data shows the net inflow and outflow of funds for Walgreens Boots Alliance. Over the past five days, there has been a mix of inflows and outflows. On a daily basis, the inflow and outflow amounts vary. This indicates that there is buying and selling activity in the stock.

        

      Trend Analysis: The current stock price of Walgreens Boots Alliance is $11.5. The support price on July 12th was $11.49, indicating a relatively stable support level. The resistance price on the same day was $11.97, suggesting a level at which the stock may face selling pressure. The average cost on July 12th was $12.81, indicating the average price at which investors have bought the stock.

        

      Valuation Analysis: Analysts have provided target price estimates for Walgreens Boots Alliance. The mean target price is $13.06, with a low estimate of $9.0 and a high estimate of $22.0. The analyst recommendation for the stock is 2 buy, 14 hold, and 4 underperform.

        

      In summary, Walgreens Boots Alliance remains on the Nasdaq 100 due to its position as a global leader in the retail pharmacy and healthcare industry. The company's earnings forecast suggests potential growth in the future. The capital flow analysis indicates buying and selling activity in the stock. The trend analysis shows support and resistance levels for the stock. The valuation analysis provides target price estimates from analysts.

      Please note that the above analysis is for informational purposes only and should not be considered as investment advice. Investing in the stock market involves risks, and it is important to conduct thorough research and analysis before making any investment decisions.

      07-15
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