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INX:WMT, Jul 18, 08:43 UTC

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Why Walmart, Amazon, and Charles Schwab Jumped Today

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Steve Symington, The Motley FoolMotley FoolJuly 17, 2018, 9:03 PM GMT. In particular, investors stepped further toward equities when Federal Reserve Chairman Jay Powell noted the U.S. jobs market has grown stronger, and indicated that the Fed will likely continue slowly increasing interest rates in the near term. But several individual stocks easily outpaced the broader market's gains, including Walmart(NYSE: WMT), Amazon(NASDAQ: AMZN), and Charles Schwab(NYSE: SCHW). Shares of Walmart climbed as much as 1.2%, then settled to close up 0.6% after the global retail giant announced a five-year strategic agreement with Microsoft (NASDAQ: MSFT) to "accelerate [its] digital transformation in retail, empower its associates worldwide and make shopping faster and easier for millions of customers around the world." Amazon stock climbed 1.2% to a fresh all-time high following the company's announcement that -- in spite of a brief outage at the start of its Prime Day event yesterday afternoon -- the annual sale was already "bigger than ever," with sales in the U.S. growing faster than last year's Prime Day within the first 10 hours.

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Asda proposes closure of London distribution centre, 261 jobs at risk

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LONDON, July 17 (Reuters) - Asda, the British supermarket arm of Walmart that has agreed to be taken over by rival Sainsbury (Amsterdam: SJ6.AS - news) 's, has proposed the closure of an online grocery distribution centre in London, putting 261 jobs at risk, it said on Tuesday. The group said it has entered into a consultation with staff at the facility in Enfield, north London. Asda said the Enfield site was restricted, preventing its further development. "We are disappointed to hear that Asda have felt the need to start this proposal," said Keith Dixon, regional organiser for the GMB trade union. Sainsbury's, Britain's second largest supermarket group, agreed a 7.3 billion pound ($9.61 billion) takeover of Asda, the No.

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Netflix shares plunging, Walmart shares on the rise, Comerica shares up slightly

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Netflix shares plunging, Walmart shares on the rise, Comerica shares up slightly. Let’s check out the Yahoo Finance charts of the day. Netflix (NFLX): Shares are down in early trading, at around 10.3%. The regional bank saw a jump in profit by 61% helped by a rise in net interest income and growth in loans. For more on today’s big stock movers check out the Final Round, live at 3:55 p.m.

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Netflix, Walmart and Comerica are the Yahoo Finance charts of the day.

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Netflix, Walmart and Comerica are the Yahoo Finance charts of the day. Netflix (NFLX): Shares are down in early trade, at around 10.3%. Deutsche Bank downgraded shares of the streaming company from "buy" to "hold" following the streaming company's huge second quarter subscriber miss. The regional bank saw a jump in profit by 61% helped by a rise in net interest income and growth in loans. For more on today's big stock movers check out the Final Round, live at 3:55 p.m.

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What Analysts’ Ratings and Walmart’s Valuation Indicate

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As of July 13, Walmart (WMT) stock was trading at a forward PE ratio of 18.0x, 8.6% higher than its four-year multiple of 16.6x, and higher than Target’s (TGT) 14.5x and the benchmark index. Meanwhile, its multiple was lower than Costco’s (COST) 28.9x.

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Could Upward Sales Trends Boost Walmart Stock?

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Walmart’s (WMT) US business has remained strong despite growing competition from the expansion of Amazon (AMZN) and other deep discount chains. Walmart’s US business, which is also its largest business segment by sales and profitability, has reported year-over-year comps growth in the past 15 quarters, and traffic growth for the past 14 quarters.

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How Walmart’s Digital Initiatives Could Pay Off

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Walmart has expanded its online grocery pickup services to more than 1,400 stores and expects to close fiscal 2019 with 2,100 locations offering the service. To make customers’ shopping experience easier and more convenient, Walmart is expanding its doorstep delivery offerings by partnering with on-demand services such as DoorDash and Postmates. As Walmart’s (WMT) e-commerce business was the primary catalyst behind its impressive stock performance in 2017, the slowdown in its digital sales has irked investors.

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Could Walmart Stock Bounce Back in H2 2018?

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Walmart (WMT) stock underperformed both Target (TGT) and Costco (COST) in the first half of 2018, mostly due to its e-commerce sales growth slowing down sequentially during the fourth quarter of fiscal 2018, to 23.0%.

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Walmart Adds New Leaf to Digital Story With Microsoft Deal

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Walmart Inc WMT is set to bolster its presence the retail world with the latest partnership with Microsoft Corporation MSFT. Apart from bolstering cloud computing abilities, the partnership will also aid in accessing new toolsets for faster innovation as well as manage costs and workloads effectively.The company has already been using Microsoft’s support across some of its critical applications. Digital Inclination: A Vital Growth StrategyBy partnering with Microsoft, Walmart is likely to capture greater opportunities in e-commerce and bolster internal operations with greater tech support. Additionally, the big-box retailer has been utilizing digital capabilities to offer a widespread network of online deliveries and pickup services.Final ThoughtsWalmart, with a Zacks Rank #3 (Hold), has always been committed to seek new ways to constantly expand and evolve in the retail world.

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Asda proposes closure of London home shopping centre, 261 jobs at risk

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Asda proposes closure of London home shopping centre, 261 jobs at risk. ReutersJuly 17, 2018, 1:42 PM GMT. LONDON (Reuters) - Asda, the British supermarket arm of Walmart (WMT.N) that has agreed to be taken over by rival Sainsbury's (SBRY.L), has proposed the closure of a home shopping centre in London, putting 261 jobs at risk, it said on Tuesday. The group said it has entered into a consultation with staff at the facility in Enfield, north London. What to read next.

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