In today’s briefing:
- Walgreens Boots Alliance (WBA US) – How Do Dow Jones Deletes Do Historically?
- MSOS – Going Higher!
- Crafty Copper Collaboration
Walgreens Boots Alliance (WBA US) – How Do Dow Jones Deletes Do Historically?
- On 31 January, Walmart (WMT US) announced a 3:1 stock split. For cognoscenti, that meant a Dow Jones Industrial Avg might be in the offing.
- The last change to the index was in Aug-2020, spurred by the 4:1 split for Apple (AAPL US). This time, the likely deletion candidate was Walgreens Boots Alliance (WBA US).
- Indeed, last week, the Index Keepers announced Amazon.com Inc (AMZN US) would replace Walgreens Boots Alliance on 26 Feb (i.e. WBA would be booted on the close of 23 Feb).
MSOS – Going Higher!
- A bombed-out sector down 80% from the peak is worth another look
- Weaker companies have exited the industry or have already gone under
- The sector ETF has a good risk reward with catalysts ahead
Crafty Copper Collaboration
- SPAC dealmaking surged in the last week with several new deals being announced, including an Italian copper company, a consumer electronics firm, and an oncology-focused business.
- Also, a space exploration company saw its shares skyrocket after successfully landing its spacecraft on the moon, and a struggling truck maker sells part of its assets.
- Read on to find out the latest about all things SPACs.
💡 Before it’s here, it’s on Smartkarma
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