The Strategist

Super Micro Computer becomes S&P 500 growth leader in the first half of 2023

07/02/2024 - 10:41

Among the firms used to calculate the S&P 500 U.S. stock index, Super Micro Computer's shares emerged as the most rapidly growing in the first half of the year, according to MarketWatch.

Advantus Media, Inc. and
Advantus Media, Inc. and
The company’s stock price increased by 188%, or 2.9 times. According to MarketWatch, this was made possible by the industry's overall upswing in anticipation of a growth in the need for AI technologies as well as positive business reports that were released on May 1.

Walgreens Boots Alliance stock was the first-half outsider, with a 54% price decline. The pharmacy chain revealed this week that its adjusted earnings for the third quarter of its fiscal year (March–May) fell short of analysts’ projections, and the business revised its outlook.

Furthermore, according to Tim Wentworth, CEO of Walgreens Boots, the corporation will eliminate a sizable number of underperforming pharmacies. There are presently 8,600 pharmacies in the chain.

BofA Securities analysts downgraded their estimate price for Walgreens shares from $22 to $11 and gave the company a "below market" recommendation.


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Thursday, July 18th 2024 - 06:42 Eurozone inflation expected to slow to 2.5% in June