|Bid||1,881.00 x 1100|
|Ask||1,881.99 x 1000|
|Day's Range||1,855.70 - 1,888.00|
|52 Week Range||931.75 - 1,925.00|
|PE Ratio (TTM)||149.06|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,100.02|
Former Walmart U.S. CEO Bill Simon on what’s causing the recent boom in retail sales and how consumers are benefiting from Walmart’s rivalry with Amazon.
Inc. have surged this year, driving the stock market higher but also pushing valuations to what some investors consider worrisome levels. The valuation of the average stock in the S&P 500 is now in the 97th percentile of historical levels, according to Goldman Sachs Group Inc., which analyzed 40 years of market pricing and valuation data. The valuation level is thanks in large part to the rise of highflying tech stocks.
were cheered by the market as each showed they can successfully take on Amazon online. "When you're looking into retail, it's an industry in flux and with any industry in flux...investors need to really do their homework before getting into the sector," said Christian Magoon, CEO of Amplify ETFs. "Walmart is the poster child for bricks-and-mortar successfully going online," added Magoon.
U.S. technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India, sources told Reuters. U.S trade groups, representing companies such as Amazon, American Express and Microsoft, have opposed India's push to store data locally. The issue could further undermine already strained economic relations between India and the United States.
A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel. Outstanding gains in Facebook (FB.O), Amazon (AMZN.O), Netflix (NFLX.O) and Alphabet (GOOGL.O) have underpinned much of the U.S. stock market's rally in recent years, along with the broader tech sector, but the group is widely viewed as overbought and valuations remain expensive. Backed up by strong earnings growth and investor confidence in Silicon Valley's innovation track record, the S&P 500 technology index (.SPLRCT) is up 16 percent in 2018, making tech Wall Street's top performer.
It is this, far less than Amazon.Com (NASDAQ:AMZN), that has been killing Nordstrom (NYSE:JWN). On Aug. 16, JWN stock managed to surprise Wall Street by earning $162 million, 95 cents per share, for the quarter ending Aug. 4, against $110 million or 66 cents per share a year ago.
Elon Musk’s mood was a top story in Friday’s New York Times, along with President Donald Trump’s Russia problems, Google’s censorship pact with China, and our losing the Queen of Soul. In the Times article, Musk confessed to stress, overwork, and a need for Ambien to sleep. In an interview, Musk laughed and cried—evidence for those armchair psychologists who think he is burned out or manic.
Review | Preview | Follow-Up: Verizon Walmart’s online division is growing like Amazon.com, sparking big gains for shares. Barron’s recommended shares of Walmart (WMT) at around $79 nearly a year ago (“Wal-Mart Gets Back On the Growth Track,” Oct. 7, 2017). Early this year, when the shares tiptoed across $100, we advised readers to hang on (“Still Time to Shop Walmart Shares,” Jan. 20).
Amazon.com aside, the FANGs appear to be losing luster with big hedge funds. Those stocks—Facebook, Amazon, Netflix, and Google’s parent Alphabet—have been hugely popular with hedge funds, many of which ...
Annie Gaus weighs in over on The Deal, explaining that everything from movie theaters to department stores is on the potential hit list. It might not be far off, Gaus said, as reports have recently emerged that Amazon is in the running to buy theater chain Landmark Cinemas, competing with other unnamed suitors. Owned by Mark Cuban and Todd Wagner's 2929 Entertainment, Landmark has more than 50 theater locations in 27 markets, and focuses on indie and artsy fare.
and Xiaomi, both of which released smart speaker products in the past year. According to data from Strategy Analytics, Amazon's global market share of voice-activated home speakers fell to 41% last quarter, down from 76% in Q2 of last year. Meanwhile, Alphabet is making huge strides in sales of Google Home, which grew 420% year-over-year, accounting for 28% of total market share last quarter.
Here’s a simple thesis on Amazon.com (NASDAQ:AMZN) stock: So long as Amazon keeps disrupting industries, AMZN stock will keep heading higher. Amazon pioneered e-commerce, stole significant market share from traditional retailers, and is now one of the world’s largest retailers. Amazon pioneered cloud services, stole significant market share from traditional IT players, and is now the world’s largest cloud company.
DoorDash's latest funding round has nearly tripled the valuation of the San Francisco-based delivery service, which plans to reach 85 percent of the United States population by the end of next year.
Stanley Druckenmiller (Trades, Portfolio)'s Duquesne Capital spent purchased 19 new stocks in the second quarter, with his biggest purchase being of Facebook (FB), he revealed Wednesday. Warning! GuruFocus has detected 5 Warning Signs with SPLK.
Stocks reversed higher as hopeful news on the trade war with China sparked late gains, while the retail sector led the market. The Nasdaq erased a 0.7% loss to close 0.1% higher but a tad off its session highs.
Despite reporting solid earnings and raising guidance on Wednesday, Macy's Inc. (NYSE:M) was punished by investors, who seemed to shrug off clear signs the company is reaping rewards from its aggressive revamping and adaptation strategy. Warning! GuruFocus has detected 2 Warning Sign with M. Click here to check it out. Macy's reported second-quarter earnings of 70 cents per share, beating analysts' expectations of 51 cents per share, and revenue of $5.57 billion, topping the $5.5 billion analysts had anticipated.
If Amazon.com Inc. is worried about the statewide economic climate at its second headquarters, Pennsylvania's two contenders – Philadelphia and Pittsburgh – may not have a strong shot at landing the $5 billion, 50,000-job campus. Texas ranked No. 1 in that analysis, which gave Austin and Dallas high praise. CNBC praised Texas' infrastructure and overall business climate as well as Austin's technology scene.
As the clock counts down to Amazon’s HQ2 announcement, Dallas and Austin have a strong shot at the $5 billion second headquarters, data from CNBC's latest study on competitiveness suggests.
The "golden handcuff" bonuses were unexpected and unprecedented, said sources who work at and with Microsoft.