77.09 +0.22 (0.29%)
After hours: 6:33PM EDT
|Bid||0.00 x 2200|
|Ask||0.00 x 2200|
|Day's Range||76.30 - 77.19|
|52 Week Range||48.56 - 78.70|
|PE Ratio (TTM)||14.42|
|Forward Dividend & Yield||2.48 (3.45%)|
|1y Target Est||N/A|
May.21 -- Jim Strugger, derivatives strategist at MKM Partners, discusses the iShares FTSE China 25 Index Fund and his options strategy for Target with Julie Hyman on "Bloomberg Markets."
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Campbell Soup reported third quarter earnings that beat Wall Street expectations.
At approximately $2,000, Consensus 2018 was the most expensive edition in the bitcoin conference’s history. Founded by CoinDesk, Consensus 2018 drew 8,500 attendees, an all-time record. Last year’s haul topped out at 2,700 people, which was a respectable figure at that time, representing a near-doubling from Consensus 2016.
MKM Partners is bullish about Target Corp. first-quarter earnings, scheduled for release on Wednesday before the opening bell, thanks to brands like Universal Thread and Opalhouse. Analyst Patrick McKeever thinks the 10-plus exclusive brands that Target (TGT) launched in the past year are setting the retailer apart and improving traffic.
Target (TGT) has chalked out strategies to adapt to the fast-changing retail landscape. These are likely to favorably impact the quarterly results.
In the updated daily bar chart of TGT, below, we can see a sideways trading range has developed for TGT since January. The daily On-Balance-Volume (OBV) line has been in sideways trend since January but shows an increase in the past week. The OBV line is now close to making a new high for the move up and would signal to us that buyers of TGT had become more aggressive.
Geopolitical events like U.S. trade relations with China are starting to dominate the conversation as the data calendar looks light and earnings outside of the retail sector slow to a crawl. Early Monday, stock futures rallied after Treasury Secretary Steve Mnuchin said that the U.S. would hold off on any tariffs against China as the two countries continue their talks. Aside from China, other geopolitical issues like tension in the Middle East and the coming talks with North Korea continue to draw attention.
Walmart’s (WMT) US business sustained its sales momentum in the first quarter and reported healthy growth. Including the first quarter, Walmart’s US business has now recorded 15 consecutive quarters wherein comps marked a YoY (year-over-year) improvement. During fiscal Q1 2019, Walmart’s US segment sales increased 3.1% to $77.7 billion, reflecting a 2.1% increase in comps.
The Trump Administration basically said it was going to suspend its pending trade war with China as a deal gets worked out. Further, they believe that part of that deal will include China buying more energy and agriculture products from the U.S. No further numbers were thrown around after a $200 billion deficit reduction was suggested late last week. This is good news, even if the early indications are only that agriculture and energy (USO) will be the big beneficiaries, it could suggest what we have been hoping for: a de-escalation of tariff and trade-war risks. ...
Walmart (WMT) reported net sales of $122.7 billion in fiscal Q1 2019, which exceeded analysts’ expectations of $120.5 billion and increased 4.4% YoY (year-over-year). Continued strength in its US business and healthy sales in the international segment drove the top-line growth in the first quarter. Walmart’s value pricing and acceleration in e-commerce sales continue to support its top line.
This contributed 100 basis points to U.S. comparable-store growth of 2.1%, generally aligning with our 35% e-commerce and 2.3% comp sales growth estimates for the full year. The sales momentum came at a cost, as we believe the 30-basis-point erosion in operating margin to 4.2% was attributable to the variable costs associated with shipping online orders and planned wage increases. Walmart's growth opportunities aren't confined to expanding distribution.
As wages and transportation costs climb, retailers must be more efficient to keep costs down, say analysts.
Apple • AAPL-Nasdaq Buy • Price $186.44 on May 15 by Canaccord Genuity Based on work for our North America survey, we believe the iPhone maintained its leading market share at all four major U.S. carriers—AT&T, Verizon Wireless, T-Mobile US, and Sprint—and its overall share was probably greater than 50%. Further, we believe Apple’s ecosystem approach, including its installed base of over 1.3 billion devices globally, will contribute to strong ongoing growth in services revenue. Greater segmentation could lead to year-over-year unit growth in 2019.
Gryphon Investors is making a bet on the company, whose beauty products are sold by retailers such as Ulta Beauty Inc. and Target Corp.
Walmart’s (WMT) e-commerce sales were the key catalyst behind its stellar stock performance in 2017, which is why investors dumped Walmart stock soon after the company reported a deceleration in its digital sales in fiscal Q4 2018. Walmart’s e-commerce sales jumped 33.0% in fiscal Q1 2019, reflecting strong sequential growth. Walmart stood by its earlier guidance and expects its e-commerce business to record 40.0% growth in fiscal 2019.
Walmart (WMT) sustained the growth momentum in its EPS and reported better-than-expected bottom-line results. Walmart’s first quarter adjusted EPS of $1.14 came in ahead of analyst expectations of $1.12 and saw YoY (year-over-year) growth of 14.0%. The graph below shows that Walmart exceeded analysts’ expectations in the past five quarters despite significant pressure on profitability from investments in growth initiatives.
Walmart (WMT) reported better-than-expected fiscal Q1 2019 results (the quarter ended April 30, 2018) on May 17. Walmart’s top-line and bottom-line results came in ahead of analysts’ expectations and saw YoY (year-over-year) improvement. The company saw continued strength in its US business, its largest business segment by sales and profitability.