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INX:WMT, Oct 16, 08:37 UTC

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Walmart (WMT) Dips More Than Broader Markets: What You Should Know

WMT

Walmart (WMT) closed the most recent trading day at $93.82, moving -1.04% from the previous trading session. Heading into today, shares of the world's largest retailer had lost 0.33% over the past month, outpacing the Retail-Wholesale sector's loss of 9.59% and the S&P 500's loss of 4.1% in that time. Wall Street will be looking for positivity from WMT as it approaches its next earnings report date. Our most recent consensus estimate is calling for quarterly revenue of $124.18 billion, up 0.81% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $4.80 per share and revenue of $513.91 billion, which would represent changes of +8.6% and +2.71%, respectively, from the prior year.

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Walmart dips, Activision dives, Sears tanks

WMT ATVI

Let’s check out the Yahoo Finance charts of the day. Walmart (WMT): The world’s largest retailer purchased online lingerie retailer Bare Necessities. This follows its purchase earlier this month of plus-size fashion retailer Eloquii. It will close at least 142 more stores on top of the 46 store closings that it had already planned for next month. For more on today’s big stock movers check out the Final Round, live at 3:30 p.m.

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In a Cold Market, Walmart Stock Is Hot

WMT AMZN

InvestorPlaceOctober 15, 2018, 5:40 PM GMT. As the stock market has cooled in October, the stability of Walmart (NYSE:WMT) has made it a hot stock. The rally began in August after the company reported 4.5% growth in U.S. year-over-year sales . Since then, the shares are up about 8%, while the average Nasdaq stock is down 4%. As the company prepares for its annual investor day at its Arkansas headquarters on Oct. 16, analysts have warmed to the stock, focusing on its growth in e-commerce and strategy for FlipKart, the Indian web site on which it spent $16 billion for a 77% stake in May. Most of the company’s recent moves seem aimed at beating Amazon at its own game or surpassing it in some way. While Amazon has been introducing store brands, Walmart is buying existing brands like Eloquii and Bare Necessities, to go alongside previous purchases like Bonobos, Allswell and ModCloth. While Amazon is talking about delivering an ad-supported streaming service, Walmart is doing it, through Vudu, ordering shows from MGM and preparing “shoppable” ads that take customer data and deliver clickable offers. Walmart has over one-quarter of the U.S. grocery market. While Amazon is just talking about banking Walmart is already a primary bank for the “unbanked,” offering Bluebird cards through American Express (NYSE:AXP) and now offering to let consumers access Paypal (NASDAQ:PYPL) at customer service desks.

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Walmart, Activision Blizzard and Sears Holdings are the Yahoo Finance charts of the day.

WMT ATVI

Walmart, Activision Blizzard and Sears Holdings are the Yahoo Finance charts of the day. Walmart (WMT): Shares are down in early trade, at around .41%. This follows its purchase earlier this month of plus-size fashion retailer Eloquii. it will close at least 142 more stores on top of the 46 store closings that it had already planned for next month. For more on today's big stock movers check out the Final Round, live at 3:30 p.m.

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Walmart or Amazon: An Extended Peer Group Comparison

WMT AMZN

A company can frequently be valued by comparing it to a peer group of companies. The advantage of performing a peer group comparison is that the constituent companies are normally fairly similar along their product/service lines, sizes and operating structures. This approach assigns company "value" based on the notion that assets of similar dimensions should sell at similar prices and is known as the "method of comparables." Here we will use the method of comparables to assess Walmart (WMT) and Amazon (AMZN), two of the world's largest general consumer product retailers.

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Sears' slow death is a gift to Walmart and Home Depot - Erie News Now

WMT

Walmart, Target, Kohl's, Home Depot, and Best Buy are poised to capitalize from Sears' bankruptcy filing. The company has brought in $8.7 billion in revenue over the past year, leaving market share opportunities and sales of home appliances, TVs, tools, and clothing up for grabs. About 20% of Sears and Kmart stores will close by the end of the year, and rivals could face short-term pressure if the company heavily marks down merchandise. But big-box players, department chains, and discount stores are in strong positions to win former Sears' shoppers for years to come. Many companies, including Walmart (WMT), Amazon (AMZN), and Target (TGT), are hoping for a repeat of how they benefited from Toys "R" Us' liquidation earlier this year.

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Sunday, October 14


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Walmart to Settle California Cashier Suit for $65 Million

WMT

The giant retailer denied wrongdoing in its proposed settlement, which was filed this week in federal court in San Francisco, the Los Angeles Times reported Friday. A judge must approve the deal, which would end a nearly decade-old lawsuit and affect about 100,000 current and former Walmart cashiers in the state. The 2009 class-action lawsuit on behalf of a cashier alleged that Walmart violated a 2001 California wage order that employees must be provided seats "when the nature of the work reasonably permits." The retailer had argued that cashiers must be able to move around to greet customers, bag items and stock shelves. However under the settlement, Walmart also agrees to a pilot program making stools available to California cashiers who request them.

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Saturday, October 13


News

Walmart to settle California cashier suit for $65 million

WMT

FILE- In this Feb. 22, 2018, file photo, a shopper loads her car after shopping at a Walmart in Pittsburgh. Walmart says it's acquiring an online plus-size fashion brand called Eloquii Design Inc., continuing its buying spree of niche brands as tries to compete better with online leader Amazon.com. A judge must approve the deal, which would end a nearly decade-old lawsuit and affect about 100,000 current and former Walmart cashiers in the state. The retailer had argued that cashiers must be able to move around to greet customers, bag items and stock shelves. However under the settlement, Walmart also agrees to a pilot program making stools available to California cashiers who request them.

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  • Financial
News
News

Walmart to Settle California Cashier Suit for $65 Million

WMT

The giant retailer denied wrongdoing in its proposed settlement, which was filed this week in federal court in San Francisco, the Los Angeles Times reported Friday. A judge must approve the deal, which would end a nearly decade-old lawsuit and affect about 100,000 current and former Walmart cashiers in the state. The 2009 class-action lawsuit on behalf of a cashier alleged that Walmart violated a 2001 California wage order that employees must be provided seats "when the nature of the work reasonably permits." The retailer had argued that cashiers must be able to move around to greet customers, bag items and stock shelves. However under the settlement, Walmart also agrees to a pilot program making stools available to California cashiers who request them.

Read Full Details

Topics:
  • Business
  • Financial
  • US