Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Why Ford, GE and Three Other Stocks Are in Spotlight Today

Rite Aid Reports Earnings

Rite Aid Corporation (NYSE:RAD) shares have declined by over 1% after the company reported fiscal first quarter earnings of $0.01 per share on revenue of $8.18 billion, missing the estimates by $0.04 and $80 million, respectively. Same store sales rose by 0.4% year-over-year, while gross margin for the period inched lower by 490 basis points to 23.1%. The earnings might not matter much because Rite Aid and Walgreens Boots Alliance Inc (NASDAQ:WBA) entered into a definitive agreement last year, under the terms of which Walgreens agreed to buy Rite Aid for $9 in cash per share. The deal is expected to close in the second half of this year. At the end of March, 52 funds from our database amassed $960.22 million worth of Rite Aid Corporation (NYSE:RAD), which accounted for 11.30% of the float, versus 47 funds and $1.23 billion, respectively, a quarter earlier.

Follow Rite Aid Corp (NYSE:RAD)
Trade (NYSE:RAD) Now!

The Coca-Cola Co Revises Guidance

The Coca-Cola Co (NYSE:KO) is trending after the company updated its second-quarter guidance. Specifically, the company now expects the net impact of acquisitions, divestitures, and other structural items to be a 5 to 6 points headwind on net revenues and a 4 to 5 points headwind on income before taxes for the second quarter. The changes are mainly due to the completion of Coca-Cola European Partners plc, which occurred one month ahead of schedule. Overall, 62 funds tracked by Insider Monkey were bullish on The Coca-Cola Co (NYSE:KO) at the end of March, up by 11 funds from the previous quarter.

Follow Coca Cola Co (NYSE:KO)
Trade (NYSE:KO) Now!

Disclosure: none

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.