On April 2, 2019 Walgreens announced earnings far below expectations which resulted in their stock price immediately plummeting by 13%! The price continued to fall over the next several days by an additional 2% for a total of 15%.
Over the past 12 months, Walgreens has fallen by similar amounts at least six times! Each time they always bounce back - not necessarily as high as they were before the fall but high enough to make it interesting… money in the bank interesting! Although no investment is ever guaranteed, I put my money on this one.
Making money in the stock market isn’t about following the crowd. The crowd was selling stock as fast as possible when the earnings report came back poorly. That is the time to seize the opportunity and go against the herd. Remember, buy low and sell high! Let the stock market be your playground and have a blast making money!
Jeff Wayment: "The stock market is my playground and I believe anyone can make money there!"