Cramer tells viewers why he is bullish on WBA

 

 

NEW YORK - As Walgreens Boots Alliance prepares to announce third-quarter earnings on Thursday, TheStreet's Jim Cramer told TS viewers that Walgreens is a good play because it is a "stock that is working right now."

 

Cramer suggested that Walgreens' stock is "perceived as being a hiding place in light of the turmoil in China and the turmoil in Greece." On Tuesday, Walgreens Boots Alliance traded up $1.86 to $87.25. In late afternoon trading on Wednesday, the stock is down $1.75 to $85.50. 

 

Analysts are expecting Walgreens to report earnings of $0.88 per share on revenue of $29.6 billion. "I'm looking at Walgreens to see if they don't beat the number," Cramer said.