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Big Potential Brewing – Will Walgreens Deliver a Rally?

Every once in a while, a major brand name and its stock's existence are challenged. Often, the price action and the threatening state of the company are justified, and the business does end up going under. Other times, this is not the case, and investors can catch a life-changing rally in their portfolios. Today, one stock offers investors such an opportunity.

It can be found in shares of healthcare sector retailer Walgreens Boots Alliance Inc. (NASDAQ: WBA) now that they trade at only 33% of its 52-week high, which is where investors can begin to build a potential bull case carrying double-digit upside in the coming quarters, though there could be a catalyst to bring a rally much sooner than most out there think, particularly the bears.

The last time a stock was threatened to be de-listed due to falling fundamentals, the stock went on to a more than tenfold increase in only a few quarters. That stock was Carvana Co. (NYSE: CVNA) from early 2023 until today, as the company rallied from $7 a share to more than $192 in today's market. The key is management making the right moves, and just like Carvana, Walgreens could be about to make it as well.

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