In This Article:
Yahoo Finance host Rachelle Akuffo examines several of the morning's top trending stocks as part of today's Market Minute.
Walgreens Boots Alliance (WBA) stock has leaped higher by over 21% Friday morning after reporting fiscal first quarter earnings that beat analyst estimates.
Constellation Brands (STZ) — the alcohol distributor that makes beers Corona and Modelo — slashes its guidance upon reporting declines in wine and spirit volumes in its fiscal third quarter.
Lastly, gold futures (GC=F) are on track for a seven-week high as prices tick up in response to this morning's overwhelmingly positive jobs data.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Luke Carberry Mogan.
It's time for Yahoo! Finance's market minute. Stocks falling after that better than expected jobs report for December. The 30-year yield briefly touching that 5% mark in early trading. In other top news, Walgreens Boots Alliance rallying after fiscal Q1 earnings and revenue beat the streets expectations and upbeat guidance on the company's turnaround. Cost-cutting measures include closing 1,200 stores over the next three years. And Constellation brands sliding today as the alcoholic beverage company cut its growth outlook for the second time this fiscal year. CEO Bill Newlands noted near-term uncertainty on when consumers will revert to more normalized spending. And in gold futures, an inflation hedge and safe haven shrugging off that strong December jobs report and hovering at a seven week high. Economic uncertainty and inflation risks with a new incoming Trump administration remain. And that is your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below to check the best and worst performing stocks of the session.
