Francesca Fontana

speaker
2,691 appearances 52 recordings 1 series first heard Aug 2017 last heard Feb 2025

Francesca Fontana’s voice in public audio — every appearance, attributed to the second.

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But things turned around on Tuesday after The Wall Street Journal reported that Walgreens is in talks to sell itself to private equity firm Sycamore Partners. voice-verified
If these talks don't fall apart, a deal could be completed early next year, according to our reporting. voice-verified
Before the Journal reported on this development between Walgreens and Sycamore, Walgreens stock was down nearly 70% so far this year. voice-verified
And remember, for those of you playing along at home, the S&P 500 is up more than 25% year-to-date. voice-verified
But on Tuesday, Walgreens shares jumped a whopping 18%, marking the highest one-day jump in the company's history. voice-verified
And the stock ended the week up more than 20%. voice-verified
Now, as promised, let's circle back to big tech. voice-verified
On Tuesday, two major stocks made two major moves in opposite directions. voice-verified
And those two stocks were Oracle and Alphabet. voice-verified
Oracle, the software company, was one of the day's biggest losers, thanks to its slightly disappointing quarterly results from late Monday. voice-verified
The company said revenue rose 8.6 percent to $14.06 billion, which is just slightly below the $14.12 billion that analysts expected, according to FactSet. voice-verified
Though it's important to remember the larger trend we've been seeing from Oracle. voice-verified
Before Monday's update, optimism about AI had helped send the stock up more than 80 percent this year. voice-verified
So we'll have to wait and see whether this is just a slip or a larger slide downward. voice-verified
In any case, Oracle fell more than 6% on Tuesday and notched a weekly decline of more than 9%. voice-verified
On the flip side, a bright spot among tech stocks on Tuesday was Alphabet, the parent company of Google, which on Monday unveiled a state-of-the-art quantum chip named Willow. voice-verified
And this was a big win for Google in its effort to compete in quantum computing. voice-verified
Not a big tech guy myself, but it even just sounds cool, right? voice-verified
Quantum computing, quantum mechanics, the show Quantum Leap, all very cool. voice-verified
So on that good news, Alphabet shares gained more than 5% Tuesday and ended the week with a gain of more than 8%. voice-verified
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