13 min listen
Street Souring On WBA, GOOGL
FromSchwab Network
ratings:
Length:
5 minutes
Released:
Jun 27, 2023
Format:
Podcast episode
Description
Bernstein downgraded Alphabet (GOOGL) to market perform from outperform after the stock saw a downgrade yesterday. The analyst cites similar concerns, saying Alphabet's push into generative A.I. could cannibalize its ad revenue for Google Search. Renita Young breaks down the GOOGL story and Walgreens (WBA) earnings. WBA dropped after disappointing the Street on its 3Q earnings, especially as COVID vaccination revenue falls.
Released:
Jun 27, 2023
Format:
Podcast episode
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