In Friday morning trade, Delta Airlines (DAL), Constellation Brands (STZ), and Walgreens (WBA) will top the most actively traded stocks. The firms are posting quarterly results today.
Delta Airlines is at risk of retracing its uptrend which started last August. The stock bottomed out at $36.34 and is now 69% above its lows. The airline may forecast a slowdown in revenue after the holiday quarter ended. In addition, executives may warn about fuel prices rising in 2025. That would increase its costs, hurting profits.
Beverage firm Constellation Brands may try to bounce from near its 52-week low. The downtrend lasted throughout 2024 and continued his January. STZ stock is not cheap, since its price-to-earnings ratio is 70.5 times.
The company typically beats analyst estimates on earnings per share. However, it must post strong profits and raise its growth forecast to justify its current stock price of $219.28.
Walgreens closed at $9.22, near its yearly low. Investors are holding a dirt-cheap stock that is priced for bankruptcy. Shareholders should hope for Walgreens to deny any rumors of Sycamore buying the firm. The stock traded at over $20 just nine months ago. A buyout would take away investor hope of the CEO turning the business around.
