Yahoo Finance Walgreens earnings, GDP, consumer sentiment: What to Watch
Walgreens Boots Alliance (WBA) is set to post its second-quarter earnings results, with investors eyeing closely to see if competition and consumer spending have been a difficult challenge for the company.
A new Gross Domestic Product (GDP) reading for the fourth quarter in the US will be revealed. The reading is expected to come in at a 3.2% annual rate, and give more insight into the rate of growth for the US economy.
The University of Michigan will release the final reading for consumer sentiment for the month of March. So far, consumer sentiment has remained mostly the same since January.
Thursday will also be the last trading of the week, but more importantly, the last trading day of 2024's first quarter, putting a cap on a strong performance from US equities (^GSPC, ^DJI, ^IXIC).
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
Editor's note: This article was written by Nicholas Jacobino
Video transcript
JOSH LIPTON: Time now for what to watch Thursday, March 28. On the earnings front, Walgreens Boots Alliance set to report its second quarter results before the opening bell. Investors waiting to see if competition. And cautious consumer spending will weigh on the company.
Walgreens dividend cut announcement remember early this year. That's going to be on investors' minds heading in to these results.
JARED BLIKRE: Meanwhile, on the economic front, new readings on the economy expected tomorrow for the third estimate of gross domestic product in the fourth quarter. It is expected to come in at 3.2% annual rate. Now, the GDP data to provide more insight on the pace of growth of the US economy.
JOSH LIPTON: And as for the consumer, the University of Michigan to release the final reading on consumer sentiment for the month of March. Sentiment has been steady and essentially unchanged since January 2024.
JARED BLIKRE: And turning to the markets. Thursday, not the only last-- it's not only the last trading day of the month, but also the last trading day of the first quarter. Wall Street is going to look for a strong finish as the major indices have reached new highs so far this year so many times.
JOSH LIPTON: And last, to be sure to tune in tomorrow morning for the latest installment of lead this way. Yahoo Finance's Brian Sozzi had the chance to speak with GM CEO Mary Barra on her bets to become a leader of electric and autonomous vehicles. You won't want to miss it.
