Potential Fallen Angels on the Stock Market: Esteé Lauder and Walgreens Boots Alliance. Find out why they have the potential for a major turnaround!

Potential Fallen Angels on the Stock Market: Esteé Lauder and Walgreens Boots Alliance. Find out why they have the potential for a major turnaround!

According to a report by www.onvista.de, companies like Estée Lauder and Walgreens Boots Alliance are currently in the stock market's spotlight because they have the potential for an impressive turnaround.

Estée Lauder, a leading name in the cosmetics industry, has faced various challenges in recent months, including the impact of the COVID-19 pandemic and changes in consumer purchasing behavior. The weak business in China, which has been the driving force behind the share in recent years, has had a particularly negative impact recently. The latest quarterly figures show a 10% decline in revenue and a 94% decline in profits, mainly due to weak travel business in Asia. However, management expects growth again in the second half of the year and is already working on a concrete plan to restore profitability.

At Walgreens Boots Alliance, the second largest pharmacy chain in the USA, Amazon's market entry and the aftereffects of the Corona boom are causing nervousness among investors. Despite a 4.8% increase in revenue in fiscal 2023, the company posted a loss of $4.8 billion due to provisions. However, adjustment measures and the appointment of a new CEO could help keep growing online competition at bay.

The potential recovery of these fallen angels could have a positive impact on the stock market and the financial industry by increasing investor confidence and contributing to a sector recovery. In particular, the success of Estée Lauder and Walgreens Boots Alliance's planned actions could impact their stock prices and attract investor interest.