Commodity Channel Index
|Bid||130.75 x 1000|
|Ask||130.80 x 1000|
|Day's Range||127.26 - 131.37|
|52 Week Range||102.00 - 133.38|
|Beta (5Y Monthly)||0.30|
|PE Ratio (TTM)||24.85|
|Earnings Date||Aug 18, 2020|
|Forward Dividend & Yield||2.16 (1.69%)|
|Ex-Dividend Date||Aug 13, 2020|
|1y Target Est||135.39|
Sam's Club has seen a marked shift in customer behavior during the COVID-19 pandemic, including rising demand for contactless shopping and varying phases of product needs.
Walmart (NYSE: WMT) is preparing to launch its latest assault on Amazon (NASDAQ: AMZN). According to an article on Recode this week, the retail giant is about to unveil a new subscription service called Walmart+ that will offer similar benefits to Amazon Prime. Costing $98 a year, Walmart+ will be a significant step up from Delivery Unlimited, its existing same-day grocery delivery service.
Walmart's (WMT) penetration in the health insurance industry may intensify competition in the profitable MA market.
Skin-whitening creams identified as containing potentially dangerous levels of mercury continue to be sold online more than seven months after a watchdog group raised the alarm, including on platforms run by eBay, Amazon.com and Alibaba, a Reuters review of the sites shows. The findings come at a time when skin lightening, a multi-billion dollar industry especially popular in Asia, Africa and the Caribbean, is under renewed criticism for promoting light skin as a beauty ideal. Many countries ban or restrict mercury in creams, which can damage the kidneys, brain and nervous system.
Amazon.com is launching a new fleet of bigger, boxier trucks like those favored by rival package carriers United Parcel Service Inc and FedEx Corp, as it fights to fix widespread pandemic-fueled delivery delays that sent customers into the arms of competitors like Walmart Inc. The world's largest online retailer ordered more than 2,200 heavy-duty Utilimaster "walk-in" delivery trucks from Shyft Group, a Michigan-based specialty vehicle company, an Amazon spokeswoman told Reuters. The company declined to say how many of the vehicles have been sent to Amazon delivery contractors, or where they would be deployed.
The Zacks Analyst Blog Highlights: Amazon, Walmart, Big Lots, Kroger, Costco and Shopify
“We believe Healthcare could be a ‘silver bullet’ for Walmart over the long-term. As the lines between Retail, Healthcare and Tech blur, Walmart’s growing suite of initiatives make it a sleeping giant to watch,” according to Morgan Stanley.
Consumer spending could take a hit this summer as federal unemployment benefits run out for millions of Americans.
Credit Suisse’s Seth Sigman reiterated an Outperform rating and $135 price target on Walmart on Thursday, writing that his research points to strong consumer interest into a Walmart+ option, should it hit the market.
Online grocery sales rose 9% in June to an estimated $7.2 billion, according to a recent survey by Bricks Meet Clicks/Mercatus. Yahoo Finance's Heidi Chung and the On the Move panel break down the details of the survey.
Shares of Walmart Inc. (NYSE: WMT) decreased by 2.28% in the past three months. Before having a look at the importance of debt, let's look at how much debt Walmart has.Walmart's Debt According to the Walmart's most recent financial statement as reported on June 3, 2020, total debt is at $58.03 billion, with $47.48 billion in long-term debt and $10.55 billion in current debt. Adjusting for $14.93 billion in cash-equivalents, the company has a net debt of $43.10 billion.To understand the degree of financial leverage a company has, investors look at the debt ratio. Considering Walmart's $232.89 billion in total assets, the debt-ratio is at 0.25. As a rule of thumb, a debt-ratio more than 1 indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 25% might be higher for one industry, whereas average for another.Importance of Debt Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.However, interest-payment obligations can have an adverse impact on the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.See more from Benzinga * Morning Market Stats in 5 Minutes * Afternoon Market Stats in 5 Minutes * Benzinga's Top Upgrades, Downgrades For June 22, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Walmart (NYSE: WMT) is launching a new subscription service this month, reportedly called Walmart+. It'll build on Walmart's Delivery Unlimited subscription offering and cost the same: $98 per year. Walmart+ could add benefits like discounts on fuel at Walmart gas stations and early access to product deals, according to a report from Recode.
Walmart may launch a premium delivery service that competes directly with Amazon.
The Zacks Analyst Blog Highlights: Walmart, BHP, International Business Machines, Costco Wholesale and Morgan Stanley
Growing initiatives by Walmart (WMT), Target, Costco and others are likely to pose a serious challenge to Amazon's e-commerce lead.
In the raging war of Walmart versus Amazon, the brand new subscription service Walmart+ is its latest move to grab the latter's market share.
Cloud computing stocks have held up very well during the coronavirus crisis, as enterprises across the globe accelerate their transition to remote operations and e-commerce. With more people than ever needing to access information remotely, Fastly (NYSE: FSLY) has seen demand for its content delivery network services rise dramatically. Fastly's stock doubled in just four weeks during June and early July, and investors appear more excited than ever about the company's ability to capitalize on its edge cloud computing expertise.
Walmart Inc (NYSE: WMT) is venturing into the sale of health insurance; a move that expands the retailer's presence in the health care segment.What Happened "Walmart now has an insurance agency," announced the retailer in a job listing for medical insurance agents.The newly formed subsidiary, Walmart Insurance Services LLC, is looking to hire several agents to begin the first week of August 2020, according to the advertisement.A Walmart spokesperson confirmed the creation of the insurance agency to CNBC but did not spell out any details on product offerings or pricing. The spokesperson said, "We're expanding our current insurance services to now include the sale of insurance policies to our customers."Why It Matters The focus of Amazon's insurance subsidiary would be on selling Medicare Advantage plans.Medicare Advantage Plans have grown over the past ten years, and private insurers cater to nearly a third of the beneficiaries of these plans, according to MedCity News, an online medical news publication.Last month, Walmart had acquired healthcare startup CareZone's technology and intellectual property for $200 million. CareZone provides health and medicine management services through its mobile applications and runs an e-commerce platform that delivers medications.The retail giant already operates primary-care clinics and had in the past partnered with Humana Inc (NYSE: HUM) to offer a Medicare prescription drug plan, noted CNBC.Price Action Walmart shares traded 0.85% higher at $125.50 in the after-hours session on Wednesday. The shares had closed the regular session 1.98% lower at $124.44.Image: Walmart Care ClinicSee more from Benzinga * Mississippi Rules To Remove Confederate Symbol From Its Flag * Jeff Bezos Asks Amazon Employees To Honor Juneteenth By Canceling All Meetings * CVS, Walgreens And Walmart Will No Longer Lock Up African American Beauty Products(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
In recent years, some investors have felt so irritated by the pious tone of the environment, social and governance sector they have joked that the ESG acronym should stand for “eye-roll, sneer and groan”. Among the many long-held assumptions turned upside down by Covid-19 is the notion held by many investors that ESG investing implies lower returns. Consider the first four months of this year, when Covid-19 caused global markets to swoon.
Rating Action: Moody's affirms seven and downgrades four classes of JPMBB 2013- C14. Global Credit Research- 08 Jul 2020. Approximately $679 million of structured securities affected.
(Bloomberg Opinion) -- Time will be the next frontier in India’s digital battlefield; dollars will follow the hours consumers spend online.India has left a void in their day by banning 59 Chinese apps after a border dispute with its northern neighbor led to violent clashes. The video-sharing platform TikTok, which became a craze in towns and villages as a medium of expression, is gone. So are its smaller cousins, like Bigo Live and Likee.What can fill the gap? Thanks to the world’s cheapest data charges of 9 cents per gigabyte, Indian smartphone users are guzzling content for six hours plus. For local startups like Glance, which offers games, news and video on the mobile lock-screen, the ban on Chinese competition is a chance to add to its tally of 100 million daily active users. The country’s youth bulge also makes it a perfect occasion for homegrown education technology unicorns like Byju to scale up.But the ultimate prize may go to super-apps that meld content and commerce in the 16 Indian languages besides English that boast anywhere between 5 million to half a billion speakers. To not have to download multiple apps to do different things will save phone memory, an important consideration for those who access the internet on low-end devices. Tencent Holdings Ltd.’s WeChat, which offers everything from messaging to gaming and financial services, provides a successful template. Chinese users are also online for six hours a day, mostly to browse content, particularly social media. Although only 4% of their time is spent on e-commerce, it’s enough to drive $1.5 trillion in annual online sales. The smaller Indian market, with online sales of $40 billion, will want to copy the playbook. The most obvious super-app candidate is billionaire Mukesh Ambani’s Jio Platforms Ltd., a four-year-old startup with an equity value of $65 billion, including more than $15 billion recently raised from investors including Facebook Inc., KKR & Co. and Silver Lake Partners. Before Jio eventually seeks a listing on Nasdaq or the New York Stock Exchange, Ambani would probably want it ready as a carriage-content-and-commerce powerhouse for half-a-billion people.Jio’s 4G telecom service already has roughly 400 million subscribers, though they currently don’t even pay $2 a month. The trick to a $100 billion-plus initial public offering would lie in using the partnership with Facebook to introduce features such as the WeChat mini-program via the popular WhatsApp messaging service. It lets users book hotels, order taxis, explore augmented reality to try on a new L’Oreal beauty product, or test-drive a Tesla — without leaving WeChat. When it comes to building product awareness and interest, these embedded mini-apps in China are now a fourth as effective as regular online stores run by JD.com Inc. and Alibaba Group Holding Ltd., according to McKinsey & Co. They will offer brands in India a chance to sell more — and more profitably — even in remote towns. The consulting firm found that younger consumers in smaller Chinese cities give more weight to advice from social-media influencers and referrals by friends than their counterparts in larger metropolitan areas. This will probably hold true for India as well. As for the actual commerce, JioMart, Ambani’s new e-commerce platform, would take orders and — if the regulator permits it — accept payments via WhatsApp. Staples could be delivered by traditional neighborhood stores, with Jio helping connect them to buyers. For discretionary products, Ambani may use his Reliance Retail Ltd., already the country’s largest bricks-and-mortar retailer. It won’t be too hard to grease the wheels of super-app commerce with credit. Local lenders will be desperate for a new source of balance-sheet expansion after absorbing inevitable losses from the pandemic and lockdown. Still, the road to satisfied digital customers will be long and bumpy because of India’s creaky infrastructure. Keeping users hooked with novel content will therefore be crucial. Facebook is building a new version of Quest virtual reality headsets; the Silicon Valley firm is also acquiring studios that make VR games. Jio, which wants its set-top box to support online gaming, could find opportunities for collaboration.However, the main entertainment fare will still be cricket and Bollywood. Last year, Ambani promised Jio First Day First Show — movies streamed to broadband customers on the day of their theater release. With Covid-19 shutting down cinemas, producers in India need digital alternatives; audiences need their fix. Although Ambani appears to be ahead, his won’t be India’s only super-app. Amazon.com Inc. has pledged to invest $5.5 billion in the country, while Walmart Inc. has plowed in $16 billion to acquire local e-commerce leader Flipkart Online Services Pvt. Potentially, they — or Alphabet Inc.’s Google — could seek telecom and digital media partners.Western tech firms were broadly shut out of China’s digital revolution. In India, they’ll join the fray, hoping for insights that will come in handy in other emerging markets. But India will still prefer local control over the super-apps. Six hours a day of 1.3 billion people — and all the data that flows from it — is a coveted resource, something politicians won’t want slipping out of their sphere of influence. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In the latest trading session, Walmart (WMT) closed at $124.44, marking a -1.98% move from the previous day.
These 65 Dividend Aristocrats are an elite group of dividend stocks that have reliably increased their annual payouts every year for at least a quarter of a century.
Retail giant Walmart Inc (NYSE: WM) is reportedly set to launch a new $98-a-year subscription service platform, Walmart+, and it can be considered both a defensive and offensive strategy, according to Oppenheimer analyst Rupesh Parikh.Parikh Sees Pushback Against Amazon Walmart's service could be seen as a defensive move against rival Amazon.com, Inc. (NASDAQ: AMZN) after it launched a two-hour delivery option late last year, Parikh said on CNBC's "Fast Money."Walmart's new subscription platform should help it better compete against Amazon on this front, the analyst said. From an offensive perspective, Walmart's subscription platform should be able to steal market share away from rivals like Target Corporation (NYSE: TGT) and Kroger Co (NYSE: KR) on the grocery front, he said. Investors may have concerns with the potential costs associated with Walmart's subscription, which may even include a video entertainment offering, Parikh said.But for the time, the details of parts of the service are unclear, especially in video, the analyst said. Walmart could partner with another party instead of investing billions of dollars of its own in content, he said. Walmart's stock is trading near a historical all-time high valuation in the mid-20s on a P/E basis, Parikh said. The case for incremental valuation expansion would be justified if Walmart's subscription service captures a greater share of customer wallets, he said. Retail Exec On 'Battle Of The Century'Walmart taking on Amazon is the "battle of the century" in the retail sector, as it pits "Godzilla versus King Kong," former Toys R Us CEO Gerald Storch said on Fox Business.Walmart is the clear dominant in-store retail leader, and Amazon can never catch up, Storch said. But Amazon's online presence is eight to 10 times larger, and Walmart can't keep up, he said -- with the exception of groceries.Even with the launch of a subscription platform, Walmart is at a major disadvantage, as the only products it can sell are those found mostly in its stores, he said.Amazon has a larger assortment of products that it can deliver at a faster speed, Storch said.Walmart's new platform will ultimately result in market share gain in groceries, but not in categories like hardlines and apparel, in his view. Verishop CEO: Service 'Makes Sense' For Walmart Prior to the COVID-19 outbreak, e-commerce sales accounted for 15% of the total U.S. retail market, and this figure should soar to 50% to 60% over the next decade, Verishop co-founder and CEO Imran Khan said on CNBC's "Closing Bell." The math behind the projection suggests $1 trillion in spending will shift online over the years, so it "makes sense" for Walmart to make a greater push into the online category, he said. Walmart is likely to emphasize convenience, and Khan said this is a "very important factor" to attract customers. Related Links:This Day In Market History: Sam Walton Opens The First WalmartWalmart Stops Display Of Mississippi Flag In Stores Over Confederate Flag Emblem IssuePhoto courtesy of Walmart. Latest Ratings for WMT DateFirmActionFromTo Jun 2020GuggenheimMaintainsBuy Jun 2020UBSUpgradesNeutralBuy May 2020Morgan StanleyMaintainsOverweight View More Analyst Ratings for WMT View the Latest Analyst Ratings See more from Benzinga * Beyond Meat's Stock Gains After Launching Affordable 'Cookout Classic' Line * Making Sense Of Why Consumers Are Switching Their Grocery Store Habits * Making Sense Of Walmart's Decision To Close Jet.com: 'Mission Accomplished'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.