Watchlist: Walgreens Boots Alliance Inc (WBA)

December 6, 2023, 10:55 am EST

Walgreens Boots Alliance Inc (WBA)

Walgreens or Walgreens Boots Alliance Inc (WBA) is Walgreens Boots Alliance, Inc. is an integrated healthcare, pharmacy and retail leader with more than 170 years history. 

It belongs to the defensive industry in the healthcare and consumer staples areas. Its performance is also behind others by staying nearly 52-weeks low with -47% down. 

However, it could provide an opportunity for a relatively low-risk entry with long term holding. As shown in the chart, WBA could break the downtrend channel by crossing up the upper boundary. 

Currently, China is undergoing a widespread disease that could become another pandemic worldwide for the worst case scenario. If it happens, it would benefit WBA for the demand of pharmacy and healthcare products with its 12,500 locations in the US, Europe, and Latin America. 

Lastly, its 9% dividends could be another benefit for long term holdings as fixed income sources.

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