WMT - Walmart Inc.

NYSE - NYSE Delayed Price. Currency in USD
114.98
+0.38 (+0.33%)
At close: 4:00PM EDT

114.98 0.00 (0.00%)
After hours: 5:31PM EDT

Stock chart is not supported by your current browser
Previous Close114.60
Open114.67
Bid114.86 x 3200
Ask114.98 x 800
Day's Range114.45 - 115.08
52 Week Range85.78 - 115.08
Volume3,318,682
Avg. Volume6,013,130
Market Cap328.236B
Beta (3Y Monthly)0.66
PE Ratio (TTM)40.23
EPS (TTM)2.86
Earnings DateAug 15, 2019
Forward Dividend & Yield2.12 (1.85%)
Ex-Dividend Date2019-08-08
1y Target Est110.89
Trade prices are not sourced from all markets
  • Prime Day sales expected to break records
    Yahoo Finance Video1 hour ago

    Prime Day sales expected to break records

    Yahoo Finance's Emily McCormick joins The Final Round to discuss the latest about Amazon's fifth annual Prime Day.

  • Here's how much Amazon Prime Day is expected to rake in this year
    Yahoo Finance5 hours ago

    Here's how much Amazon Prime Day is expected to rake in this year

    Amazon Prime Day 2019 is more than a quarter of the way through, and analysts are already expecting this year’s sales extravaganza to be the company’s biggest yet.

  • Amazon Prime Day 2019: Tips and tricks
    Yahoo Finance8 hours ago

    Amazon Prime Day 2019: Tips and tricks

    Are Amazon Prime Day deals really worth all the hype? Here are some tools to help you find out.

  • Biden Leads Close Contest in New Hampshire: Campaign Update
    Bloomberg8 minutes ago

    Biden Leads Close Contest in New Hampshire: Campaign Update

    (Bloomberg) -- A new survey of New Hampshire Democrats finds former Vice President Joe Biden in a close contest for the lead with Senators Kamala Harris and Elizabeth Warren.Biden had 20.8%, Harris had 17.5% and Warren had 16.7% in the poll conducted by St. Anselm College. All the results were within the margin of error of plus or minus 5.2 percentage points, meaning the three candidates are in a statistical tie.Behind them was South Bend, Indiana, Mayor Pete Buttigieg with 11.5%. Senator Bernie Sanders had 9.9% in New Hampshire, which he won in the 2016 primary.The poll suggests that the first-in-the-nation primary is wide open as Harris and Warren gain on front-runner Biden after strong debate performances.Former Representative Beto O’Rourke plummeted to 0%, according to WMUR, which reported on the survey.Gillibrand Fundraising Dipped to $2.3 MillionDemocratic presidential candidate Kirsten Gillibrand took in $2.3 million in the second quarter, down from $3 million in the first three months of the year, according to her filing with the Federal Election Commission.The New York senator, who has struggled in the polls since entering the race, ended June with $8.2 million in the bank after spending a total of $4.2 million. In addition to the money she’s raised for her presidential bid, she transferred $9.6 million from her Senate campaign in the first quarter.Gillibrand’s campaign said in an email that 65% of its online donors identified as women. The campaign said it is still on pace to hit the 130,000 donors needed to qualify for the third set of debates in September. -- Bill Allison and Mark NiquetteJulian Castro Raises $2.8M in Second QuarterFormer Housing and Urban Development Secretary Julian Castro, hoping to emerge in the crowded 2020 Democratic presidential field after a strong debate performance last month, reported raising $2.8 million during the second quarter -- more than double the $1.1 million he raised in the first three months of the year.That still puts him well behind the Democrats who have announced their second-quarter totals so far: South Bend, Indiana Mayor Pete Buttigieg at $24.8 million and former Vice President Joe Biden at $21.5 million.Castro’s filing with the Federal Election Commission showed that almost 75% of his contributions came from donors giving $200 or less. He reported $1.1 million in the bank as of June 30. Monday is the deadline for presidential candidates and committees to report their second-quarter fundraising and spending. -- Bill AllisonTrump, RNC Raise $108M in Second QuarterPresident Donald Trump’s re-election campaign and the Republican National Committee raised $108 million and have $123.7 million cash on hand, according to revised figures announced Monday. That’s more than the top five Democratic campaigns combined.“Yet another record-shattering fundraising haul gives us a major advantage over the crowded field of Democrats as the RNC continues investing in our world-class field program and growing our incredible grassroots army,” RNC Chairwoman Ronna McDaniel said.Trump’s campaign committee and two joint fundraising vehicles, Trump Victory and Trump Make America Great Again, raised a combined $56.7 million, and ended June with $80.2 million in the bank. The RNC brought in $51.3 million, preliminary numbers showed, with $43.5 million in the bank.The top five Democrats running to replace Trump -- former Vice President Joe Biden, Senators Kamala Harris, Bernie Sanders and Elizabeth Warren and South Bend, Indiana, Mayor Pete Buttigieg raised a combined $95.4 million so far.Candidates must officially report second-quarter fundraising totals to the Federal Election Commission on Monday. Campaigns voluntarily announce the amounts they raised ahead of the deadline as a demonstration of the extent of support.Last week, the Trump campaign announced fundraising figures of $105 million for the second quarter and $100 million cash on hand.Trump’s campaign had over 957,000 individual donations, of which 98% were $200 or less, with an average donation of $41.48. -- Bill AllisonDemocrats Support Work Stop by Amazon WorkersDemocratic presidential candidates are supporting a work stoppage by Amazon warehouse workers in Minnesota who are protesting working conditions during the online retailing giant’s Prime Day sale. “I fully support Amazon workers’ Prime Day strike,” tweeted Elizabeth Warren, a Massachusetts senator who has proposed breaking up Amazon. “Their fight for safe and reliable jobs is another reminder that we must come together to hold big corporations accountable.”Julian Castro, a former Housing and Urban Development secretary from Texas, also took to Twitter to express solidarity. “A company worth $1 trillion can absolutely afford to provide reasonable conditions for its employees,” he wrote.Vermont Senator Bernie Sanders, who has co-sponsored legislation that would tax Amazon, Walmart Inc. and other big employers to compensate for the federal benefits received by their workers, also jumped in. After the bill was introduced last year, Amazon announced that it would raise its minimum wage to $15 an hour. “A higher wage is only one component of the fight for workers’ rights,” Sanders wrote Monday. “Amazon workers deserve safe working conditions, fair scheduling, and reasonable production demands.”Workers at Amazon’s Shakopee, Minnesota, warehouse -- one of 100 sorting and fulfillment centers it operates nationally -- planned to walk off the job Monday on one the company’s busiest days. Amazon has become a frequent target of Democratic candidates, who have used it as an emblem of income inequality. -- Gregory KorteTrump Crushes Democratic Contenders on TwitterRetweets are not endorsements, and neither are Twitter followers. But if they were, President Donald Trump would be winning the Twitter primary.Nineteen percent of adult Twitter users in the U.S. follow @realDonaldTrump on Twitter, compared to 14% who follow one or more of his Democratic rivals, according to a new analysis by the Pew Research Center.Perhaps not surprisingly, more Republicans (31%) follow Trump than Democrats (13%). And those who follow Trump on Twitter are more likely to approve of his job performance (54% approval) than those who don’t (24%).One defining characteristic of Trump’s tweets is that he often uses the social media platform to make inflammatory or controversial statements. Over the weekend and into Monday, for example, he let loose a torrent of posts going after four Democratic lawmakers of color, at one point suggesting that the women, all but one of whom was born in the U.S., should “go back and help fix the totally broken and crime infested places from which they came.”The Pew analysis is based on a representative sample of U.S.-based Twitter users and doesn’t include overseas, spam or bot accounts. Trump has 61.9 million Twitter followers in all. The top candidate for the Democratic nomination, Vermont Senator Bernie Sanders, has 9.4 million. -- Greg KorteDemocratic Field Turns Out for Iowa AARP ForumsNineteen Democratic presidential candidates descend on Iowa this week for five days of forums hosted by the AARP and the Des Moines Register.“Older voters turn out in force in every election, so any candidate who wants to win in 2020 needs to focus on soaring prescription drug prices and other issues they care about,” John Hishta, senior vice president of campaigns for the lobbying group for older Americans, said in a statement.Monday: former Vice President Joe Biden, Senators Cory Booker and Amy Klobuchar and former Colorado Governor John Hickenlooper in Des Moines.Tuesday: Senators Kirsten Gillibrand and Kamala Harris, and former HUD secretary Julian Castro in Davenport.Wednesday: Representatives Tim Ryan and Tulsi Gabbard, and Senator Michael Bennet in Cedar Rapids.Friday: Senator Elizabeth Warren, author Marianne Williamson, former Representative Beto O’Rourke and tech entrepreneur Andrew Yang in Sioux City.Saturday: Senator Bernie Sanders, South Bend Mayor Pete Buttigieg, Montana Governor Steve Bullock and New York City Mayor Bill de Blasio in Council Bluffs.\-- Tyler PagerBeto O’Rourke Reveals His Family Owned SlavesDemocratic presidential candidate Beto O’Rourke, who’s said he supports studying reparations for African Americans as a means of addressing the legacy of slavery and legal discrimination, now says the issue has become personal. His ancestors include slave owners.In a new Medium essay, O’Rourke said his great-great-great grandfather Andrew Cowan Jasper, in the 1850s owned two women named Rosa and Eliza, according to documents he was recently given. Another ancestor, Frederick Williams, “most likely” owned slaves in the 1860s, O’Rourke said, adding that his wife, Amy, is also a descendant of a slave owner.“Something that we’ve been thinking about and talking about in town hall meetings and out on the campaign -- the legacy of slavery in the United States -- now has a much more personal connection,” the former U.S. representative from El Paso, Texas, said in the post dated Sunday.The revelation follows an NBC News report citing U.S. Census records that found Senate Majority Leader Mitch McConnell is also a descendant of slave owners. McConnell said he opposes government reparations because slavery “happened 150 years ago” and nobody living today is responsible.O’Rourke looks at the situation differently. “They were able to build wealth on the backs and off the sweat of others,” and those benefits ultimately passed to O’Rourke and his own children, he said. -- Terrence DoppSanders, Biden Intensify Fight Over Health Care (6 a.m.)Democrats are headed into a week of sparring over health care as two leading presidential contenders prepare to intensify their fight over the issue.On Monday, front-runner Joe Biden will unveil a plan that relies heavily on defending the Affordable Care Act enacted in 2010 when he was vice president. It would give Americans the choice of a Medicare-like, public option for insurance while increasing the value of tax credits, lowering the cap on the cost of insurance and offering coverage to 4.9 million Americans in states that haven’t expanded Medicaid under Obamacare. the proposal would cost an estimated $750 billion in its first decade.Vermont Senator Bernie Sanders, who champions a “Medicare for All” government-run insurance system, plans a Wednesday speech in Washington to “confront the Democratic opponents of Medicare for All and directly challenge the insurance and drug industry.”After months of maintaining a steady grip on second place behind Biden in polls, Sanders has slid to third or fourth in some surveys, and his advisers have encouraged him to take on Biden more directly.Biden, seeking to move past missteps in the past few weeks, has become increasingly aggressive in warning that Medicare for All – also supported by two other top rivals, Senators Kamala Harris and Elizabeth Warren – would mean giving up on the hard-fought gains of Obamacare and starting from scratch.“I admire the rest of the field, from Bernie to Elizabeth to Kamala who want, you know, Medicare for All, but let me tell you, I think one of the most significant things we’ve done in our administration is pass the Affordable Care Act,” Biden said Saturday in New Hampshire. “I don’t know why we’d get rid of what in fact is working and move to something totally new.”Biden also highlighted over the weekend that Medicare for All would need to be funded with tax increases for middle-income Americans, something that Sanders openly acknowledges. But Sanders maintains that his plan would ultimately save consumers money because they’d no longer have to pay other costs.“Obviously what Biden was doing is what the insurance companies and the pharmaceutical industries, Republicans, do: ignoring the fact that people will save money on their health care,” Sanders said in an interview with the New York Times published Sunday. “They will no longer have to pay premiums or out-of-pocket expenses. They will no longer have high deductibles and high co-payments.” -- Jennifer EpsteinCory Booker Unveils Health Care PlanSenator Cory Booker rolled out a plan Monday to expand Medicaid long-term care services to those with assets up to $200,000 and income as high as 300% of the federal poverty level.People above those thresholds would also be allowed to buy into the program, an initiative aimed at allowing every American to live at home while aging, according to a white paper from his presidential campaign.The proposal, which Booker is set to discuss at an AARP forum in Des Moines, Iowa, on Monday, would include raising Medicaid funding for direct care workers and paying them at least $15 per hour.“In one of the richest nations in the world, no person should ever go broke or have to quit their job to afford long-term care or to take care of a loved one,” Booker said.Health care is a focal point of the Democratic policy debate as candidates clash over bigger ideas like Medicare for all and offering a “public option” for insurance, both of with Booker has endorsed as ways to expand coverage. -- Sahil KapurComing Up This Week:Nineteen of the two dozen or so Democratic candidates will participate in AARP’s five forums in Iowa between Monday and Saturday.The Monday event in Des Moines will feature former Vice President Joe Biden, Senators Cory Booker and Amy Klobuchar and former Colorado Governor John Hickenlooper.The Tuesday event in Davenport will feature Senators Kirsten Gillibrand and Kamala Harris, and former HUD secretary Julian Castro.The Wednesday event in Cedar Rapids will feature Representatives Tim Ryan and Tulsi Gabbard, and Senator Michael Bennet.The Friday event in Sioux City will feature Senator Elizabeth Warren, author Marianne Williamson, former Representative Beto O’Rourke and tech entrepreneur Andrew Yang.The Saturday event in Council Bluffs will feature Senator Bernie Sanders, South Bend Mayor Pete Buttigieg, Montana Governor Steve Bullock and New York City Mayor Bill de Blasio.\--With assistance from Sahil Kapur, Jennifer Epstein, Terrence Dopp, Tyler Pager, Gregory Korte and Bill Allison.To contact the reporters on this story: Bill Allison in Washington DC at ballison14@bloomberg.net;Mark Niquette in Columbus at mniquette@bloomberg.netTo contact the editors responsible for this story: Joe Sobczyk at jsobczyk@bloomberg.net, Max Berley, Laurie AsséoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Amazon Prime Day will showcase one-day delivery
    MarketWatch1 hour ago

    Amazon Prime Day will showcase one-day delivery

    Amazon.com Inc. Prime Day is not just a big day for retail sales at the e-commerce giant, it’s also serving as a major debut for Amazon’s one-day delivery promise for Prime members. Amazon (AMZN)  announced in April that it was cutting its free two-day shipping offer in half for Prime members at a cost of $800 million in the second quarter. A quarter of the U.S. plans to purchase something during the Prime Day event, according to the latest data from YouGov, which surveyed 27,422 adults.

  • Grocery Outlet’s off-price model is poised for growth — as long as the shelves stay stocked
    MarketWatch1 hour ago

    Grocery Outlet’s off-price model is poised for growth — as long as the shelves stay stocked

    Grocery Outlet Holding Corp. is poised for growth, according to Morgan Stanley analysts led by Simeon Gutman, as long as the off-price grocer can keep goods on the shelves.

  • Amazon Shoppers Snatch Up Deals on Potato Chips and Toilet Paper
    Bloomberg2 hours ago

    Amazon Shoppers Snatch Up Deals on Potato Chips and Toilet Paper

    (Bloomberg) -- Amazon.com Inc. shoppers are snatching up potato chips, crackers, toilet paper and other non-perishable grocery store items to take advantage of the online retailer’s Prime Day deals, which could be bad news for Costco Wholesale Corp. and Walmart Inc.Sales of consumable products on Amazon during the first nine hours of Prime Day -- a two-day sale that began Monday -- are about triple what they are on a typical sales day, according to CommerceIQ, which helps hundreds of consumer brands sell products on the e-commerce site.The results show Prime Day’s appeal stretches beyond electronics, appliances and other big-ticket purchases shoppers usually put off until there’s a big promotion. Sales of car seats, appliances and toys were up four to five times a typical day, according to CommerceIQ, which is about the usual rate for a sales event.Shoppers will spend $5.8 billion on Amazon over the two days, according to an estimate from Coresight Research. That’s an 11% increase from last year’s 36-hour sale when converted to spending per hour. Amazon launched Prime Day in 2015 as a way to lure new Prime members, who pay monthly or yearly fees in exchange for shipping discounts and other perks like video streaming.The uptick in spending shows Amazon Prime Day continues to have strong appeal to shoppers despite competing sales events offered by rivals from Walmart to Target Corp. and EBay Inc.Amazon doesn’t disclose specific sales information about Prime Day. Some companies are able to gain insights through their own sales on the site or estimations based on sales rankings and other information Amazon discloses.To contact the reporter on this story: Spencer Soper in Seattle at ssoper@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters5 hours ago

    UPDATE 3-Amazon rivals ride on Prime Day marketing as protests unfold

    Amazon.com Inc's Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday's Black Friday as a driver of sales. Walmart Inc, Target Corp and eBay Inc all run their own special promotions to coincide with the annual sale, which this year Amazon has stretched to two days. Target announced deal days which will run on the same days as Prime Day - July 15 and 16.

  • Trump Continues Attack on Congresswomen After Telling Them to ‘Go Back’
    Bloomberg6 hours ago

    Trump Continues Attack on Congresswomen After Telling Them to ‘Go Back’

    (Bloomberg) -- President Donald Trump continued his attack Monday on four female Democratic lawmakers, led by Alexandria Ocasio-Cortez of New York, after his call for them to “go back” to where they came from was met with outcries of racism by Democrats -- and pushback from several Republicans.Three of the four women Trump was apparently referencing were born in the U.S.; none is white. The comments came as U.S. authorities prepared raids to round up undocumented immigrants for deportation.Republicans largely remained silent on the issue. Representative Chip Roy, a Texas Republican, said on Twitter that Trump “was wrong” to make the remark. One of Trump’s key allies in Congress, GOP Senator Lindsey Graham of South Carolina, offered his own advice to the president. “Mr. President you’re right about their policies, you’re right about where they’ll take the country. Just aim higher,” Graham said on Fox News.Senator Pat Toomey, a Pennsylvania Republican, said Trump’s statement was “wrong.” “We should defeat their ideas on the merits, not on the basis of their ancestry,” Toomey said in a statement.The tweets from Trump started Sunday and continued Monday morning and seemed aimed at first-term Representatives Ocasio-Cortez of New York, Rashida Tlaib of Michigan, Ilhan Omar of Minnesota and Ayanna Pressley of Massachusetts. “The Squad,” as the progressive quartet is known, has been engaged in an intra-party dispute with House Speaker Nancy Pelosi.Trump said the lawmakers “originally came from countries whose governments are a complete and total catastrophe” and should go back and help fix the countries and “then come back and show us how it is done.”Trump later returned to Twitter to say it was “sad to see the Democrats sticking up for people who speak so badly of our Country and who, in addition, hate Israel.”On Monday, Trump said in a tweet the “Radical Left Congresswomen” should apologize to “our Country, the people of Israel and even to the Office of the President, for the foul language they have used, and the terrible things they have said.”Trump on Monday told reporters at the White House his comments were “not at all” racist. Trump campaign spokesman Tim Murtaugh said on Twitter that the president “loves this country & doesn’t like it when elected officials constantly disparage it & spew anti-Semitic rhetoric” and called on Democrats to get rid of “anti-Semitism in their ranks.”Trump’s comments come as U.S. immigration officials prepare to conduct raids in about ten cities around the U.S. to round up individuals who’ve received deportation orders, and as reports continue to circulate about poor conditions for migrants in U.S. detention facilities on the U.S. border with Mexico.The Trump administration also said Monday that it was going to end asylum protections for most Central American migrants who cross the U.S. southern border.In response, Pelosi called the president’s tweets “xenophobic comments meant to divide our nation,” and Democratic Representative Ben Ray Lujan of New Mexico decried “a racist tweet from a racist president.”Ocasio-Cortez sent four tweets of her own, saying Trump was “angry” because he doesn’t “believe in an America” where women like those in the Squad are elected to Congress.“You are angry because you can’t conceive of an America that includes us. You rely on a frightened America for your plunder,” she said.Pressley said on Twitter “THIS is what racism looks like. WE are what democracy looks like. And we’re not going anywhere.” Omar said Trump was “stoking white nationalism bc you are angry that people like us are serving in Congress and fighting against your hate-filled agenda.”Tlaib was also blunt: “Want a response to a lawless & complete failure of a President?” she tweeted. “He is the crisis. His dangerous ideology is the crisis.”Democratic presidential hopefuls also weighed in. New York Mayor Bill de Blasio said that “unfortunately, there’s an American tradition of telling people to go back to where they came from” and that Trump was trying to “gin up his base” by keeping Americans divided.“You don’t expect to hear it from the president of the United States,” de Blasio said on CNN’s “State of the Union” on Sunday.Lujan, assistant Speaker and a member of the Hispanic Caucus in the House, became emotional on “Fox News Sunday” when shown Trump’s tweet. “That is a racist tweet. Telling people to go back where they came from? I think that’s wrong,” he said.Representative Brendan Boyle, a Pennsylvania Democrat, noted in a tweet that “I’m young, from an immigrant family, also very critical of Trump. Funny thing though, he never tells me to ‘go back where I come from.’ Hmm I wonder why?”Republicans mostly tried to stay out of the fray.Graham, on Fox, encouraged Trump to “aim higher,” but went on to call the agenda of the four lawmakers “disgusting” and label them “communists,” “socialists” and “anti-Semitic.”Pelosi last week told the New York Times that the vocal freshmen lawmakers were just “four people” among the Democratic House majority after a party split over a $4.6 billion border funding bill.Among the lawmakers implied in Trump’s tweet, only one -- Omar, 37 -- was born outside the U.S. She migrated as a young girl with her Somalian family after spending four years in a refugee camp. Tlaib, 42, the first Palestinian-American woman elected to Congress, was born in Detroit.The 45-year-old Pressley, an African-American, was born in Cincinnati and raised in Chicago. Ocasio-Cortez, 29, was born in New York to parents of Puerto Rican origin.Trump’s comments echo the bigoted shouts that minorities hear daily to “go back where you came from,” said Nihad Awad, national executive director of the Council on American-Islamic Relations.“If Trump shouted the same thing at a Muslim woman wearing hijab in a Walmart, he might be arrested,” Awad said in a statement.Former Secretary of State Hillary Clinton, defeated by Trump in 2016, also responded to Trump’s tweet: “They’re from America, and you’re right about one thing: Currently their government is a complete and utter catastrophe.”(Updates with Trump comments in ninth paragraph.)To contact the reporters on this story: Margaret Talev in Washington at mtalev@bloomberg.net;Ros Krasny in Washington at rkrasny1@bloomberg.netTo contact the editors responsible for this story: Craig Gordon at cgordon39@bloomberg.net, Elizabeth Wasserman, Kevin WhitelawFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 9 Retail Stocks Goldman Sachs Says Are Ready to Rip
    InvestorPlace7 hours ago

    9 Retail Stocks Goldman Sachs Says Are Ready to Rip

    Retail stocks have been a tough trade in 2019. While the S&P 500 is up nearly 20% year-to-date, the SPDR S&P Retail ETF (NYSEARCA:XRT) is up just 3%, as retail stocks have been weighed by sluggish consumer spending in early 2019 and overarching trade conflicts. The sum of those headwinds has weighed on revenues and margins, and profit growth rates in the consumer discretionary sector actually dropped into negative territory in the first quarter of 2019, while S&P 500 earnings rose 4%.But, Goldman Sachs thinks things are about to get a whole lot better for a whole lot of retail stocks.The thesis?InvestorPlace - Stock Market News, Stock Advice & Trading TipsGoldman Sachs believes that: 1) the macro consumer economic environment is improving, supported by low unemployment and strong wage gains, and that such improvement will re-accelerate retail revenue growth rates; 2) trade issues are being overblown in the near term and have a chance to cool off in the medium to long term; and 3) after years of investing into their e-commerce operations, big box retailers are ready to reap the operating income growth rewards of those investments. * 10 Stocks Driving the Market to All-Time Highs (And Why) Owing to these three core beliefs, Goldman Sachs has a Buy rating on several retail stocks. Which stocks made the cut? And will those stocks actually outperform from here? Let's take a closer look at nine retail stocks that Goldman thinks are ready to rally. Target (TGT)Source: Mike Mozart via Flickr (Modified)The Bull Thesis: Goldman's top pick is Target (NYSE:TGT), and the thesis here is pretty straight-forward. Target has invested big into its e-commerce and omni-channel business over the past few years. Now, the company's e-commerce business is the fastest growing online retail business among big name retailers, and Target's comparable sales growth has also been among the best in the business over the past few quarters. Thus, these investments are paying off in the form of supercharged top-line growth. Over the next few quarters, the cost base from these investments will start to moderate, too, and supercharged revenue growth will be accompanied by supercharged profit growth. That profit growth will converge on a reasonable valuation (14-times forward earnings) to spark a nice rally in TGT stock.Does It Hold Water? Yes. TGT stock is one of my favorite retail stocks for the foreseeable future, too, because this company is firing on all cylinders, continues to be relentlessly innovative, has big profit growth potential in the medium term, and continues to trade at a relatively discounted valuation. That combination ultimately implies that Target stock has runway to move higher over the next few quarters. Costco (COST)Source: Shutterstock The Bull Thesis: Another big box retailer that Goldman is bullish on is Costco (NASDAQ:COST). Much like Target, the bull thesis on COST stock is pretty straightforward, too. With Costco, you have the offline version of Amazon (NASDAQ:AMZN), which has leveraged low price appeal to create a huge base of loyal Costco members that shop at Costco often and in heavy volume. That loyal membership base will continue to power healthy results for the retailer for the foreseeable future, so long as consumer economic conditions remain favorable. If they do, those healthy results will in turn continue to drive COST stock higher. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Does It Hold Water? Yes. But, with one important catch: valuation. Unlike other retail stocks on this list, COST stock isn't dirt cheap. Instead, it's the opposite of dirt cheap. It's an expensive stock, at 34-times forward earnings for what projects as a 10% profit grower over the next several years. That isn't a terribly attractive combination, so in the the near term, valuation friction may limit further gains in COST stock. Walmart (WMT)Source: Shutterstock The Bull Thesis: Goldman is also bullish on the 800 pound gorilla in the retail world: Walmart (NYSE:WMT). The Walmart thesis is very similar to the Target thesis. Walmart has aggressively reinvented itself over the past several years as an omni-channel retailer with a red-hot e-commerce business, enhanced in-store presentations and multiple omni-channel capabilities like "buy online, pick up in store". This reinvention has powered decade-best comparable sales and traffic growth at Walmart over the past few quarters. But, this reinvention has also been expensive, and weighed on margins. Going forward, the cost base from these investments should moderate, and robust profit growth should come back into the picture. As it does, WMT stock should trend higher.Does It Hold Water? Yes. Much like TGT stock, WMT stock will head higher over the next few quarters as robust revenue growth and margin improvement will converge on a still reasonable valuation (23-times forward earnings) to drive share price out-performance. Home Depot (HD)Source: Shutterstock The Bull Thesis: In the home improvement space, Goldman is bullish on shares of Home Depot (NYSE:HD). Home improvement market fundamentals are favorable, driven by low rates, low unemployment, strong wage gains and good credit. Home Depot is the leader in this market, and has been for some time. As such, as home improvement spend increases over the next few quarters, Home Depot's growth rates should move higher. As those growth rates move higher, HD stock should trend higher, too. * 7 Dependable Dividend Stocks to Buy Does It Hold Water? Yes. The valuation supporting HD stock remains reasonable, as the stock trades at just 21-times forward earnings for what projects as roughly 10% profit growth over the next several years. That favorable valuation, coupled with favorable market fundamentals and continued strong numbers, will keep HD stock on a healthy uptrend for the foreseeable future. Lowe's (LOW)Source: Mike Mozart via Flickr (modified)The Bull Thesis: Goldman likes home improvement retailer Lowe's (NYSE:LOW), too, for the same reasons they like Home Depot. The home improvement market is supported by strong fundamentals at the current moment. Over the next few quarters, those strong fundamentals should drive higher home improvement spend. Some of that spend will land at Home Depot. Some of it will land at Lowe's. As such, Lowe's growth trend should improve into the back half of 2019. As it does, LOW stock should move higher.Does It Hold Water? Yes. LOW stock was unfairly beaten up in May on margin concerns in its Q1 earnings report. But, those margin headwinds are ephemeral, and should ease going forward. As they do, that easing will couple with strong top-line momentum (Lowe's also reported its best comp in recent memory last quarter) to produce robust profit growth. Simultaneously, LOW stock trades at a discount relative to HD stock (19-times forward earnings for LOW, versus 21-times for HD). This relative discount plus strong profit growth should equal big returns for LOW stock in the back half of 2019. BJ's (BJ)Source: Shutterstock The Bull Thesis: In the smaller cap retail world, Goldman is bullish on BJ's (NYSE:BJ). The bull thesis on BJ stock rests on two things. First, the macro consumer economic environment is improving, and supports strong consumer spend in the back half of 2019. Second, BJ's is a wholesale club retailer, and the club model of leveraging low price appeal to create a loyal membership base (from which you generate substantial revenue) is a winning model -- see Amazon and Costco. Thus, BJ's has a winning strategy in a market gaining momentum, and that implies healthy growth potential for BJ stock going forward. * 7 Companies Apple Should Consider Buying Does It Hold Water? Yes. BJ's is basically like a mini-Costco with an East Coast focus and very low prices, meaning that this warehouse retailer has cut out a sustainable niche for itself in the discounted retail segment. Further, BJ stock trades at just 15-times forward earnings (versus a 34-times forward multiple for COST), so there's substantial room for multiple expansion here in the event that BJ's continues to report healthy numbers (which it should). O'Reilly Automotive (ORLY)Source: JJBers via Flickr (modified)The Bull Thesis: Goldman also has a buy rating on O'Reilly Automotive (NYSE:ORLY). O'Reilly Automotive is an auto parts retailer which has grown revenues at a fairly steady mid-single-digit rate for the past several years, during which the auto parts market in the U.S. has grown at a low-single-digit rate. Because of this track record of above-market growth, Goldman likes ORLY stock in the back half of 2019, when the auto parts segment should benefit from increased demand as rates drop and the auto market rebounds.Does It Hold Water? Yes. So long as the U.S. consumer economy remains healthy and stable (as it projects to for the foreseeable future), then you can count on O'Reilly to deliver stable mid-single-digit revenue growth alongside gradual margin expansion. That combination on top of a 22-times forward multiple should produce healthy returns in ORLY stock going forward, especially with depressed interest rates broadly inflating equity valuations. Tractor Supply (TSCO)The Bull Thesis: Back to the home improvement world, Goldman also likes home improvement and agricultural goods retailer Tractor Supply (NASDAQ:TSCO). The bull thesis on TSCO is simple. Macro conditions in the home improvement and agriculture markets are favorable, and Tractor Supply's retail locations are largely rural and insulated from being disrupted by the big-box same-day-delivery push. This insulation coupled with favorable market conditions should drive sustained healthy profit growth over the next few years, and keep TSCO stock on a winning path. * 10 Stocks to Buy for Less Than Book Does It Hold Water? Yes. The valuation on TSCO stock, while not cheap, is certainly reasonable, at 23-times forward earnings for what projects as double-digit profit growth (comprised of mid-single-digit revenue growth and gradual margin expansion). So long as interest rates remain low, this combination of a ~20 forward multiple and ~10% profit growth should work for TSCO stock. Williams-Sonoma (WSM)Source: Mike Mozart via FlickrThe Bull Thesis: Tariff concerns have been a huge headache for Williams-Sonoma (NYSE:WSM), but Goldman thinks that the kitchenware and home furnishings retailer is ready to bounce back. Trade tensions are cooling, and with a truce on new tariffs between the two countries, it seems the worst of the trade war damage has already been inflicted. Going forward, the numbers here should get better, especially as buying conditions in the U.S. improve, too. This improvement should drive a nice rebound in WSM stock.Does It Hold Water? Yes. Of all the retail stocks on this list, WSM is among one of the cheapest, at just 13-times forward earnings. To be sure, that's because revenue growth and profit growth are relatively muted here (WSM projects as a mid single-digit profit grower). But, that growth trajectory could inflect higher as trade issues become old news. In the event that happens, sentiment will improve, and WSM stock will benefit from substantial multiple expansion.As of this writing, Luke Lango was long TGT, AMZN, WMT, HD and LOW. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 9 Retail Stocks Goldman Sachs Says Are Ready to Rip appeared first on InvestorPlace.

  • Walmart Chile to resume talks with union amid strike
    Reuters8 hours ago

    Walmart Chile to resume talks with union amid strike

    Walmart Chile said on Monday it would resume talks with a union of 17,000 workers who walked off the job last week amid a major push by the global retail giant to automate jobs and slash costs. The walkout has closed at least one fourth of the approximately 400 stores that Walmart Inc operates in Chile. Striking workers carrying protest signs have blocked access to many stores around Santiago.

  • Prime Day Sale Kicks Off: Here Are the Big Winners
    Zacks8 hours ago

    Prime Day Sale Kicks Off: Here Are the Big Winners

    Amazon might witness the highest Prime Day sales this year, topping $5 billion.

  • TheStreet.com9 hours ago

    [video]Amazon's Strong Sales Growth Attracts Copycat Competition

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  • Subscriptions, Streaming Integral to the Bull Case for EA Stock
    InvestorPlace10 hours ago

    Subscriptions, Streaming Integral to the Bull Case for EA Stock

    Electronic Arts (NASDAQ:EA) has yet to make it convincingly clear it can cultivate the opportunity to its fullest. But if EA stock is to move higher again, the company requires subscriptions and streaming to jumpstart this recovery.Source: Shutterstock The game publisher already has a presence on both (and sometimes overlapping) arenas, to be fair. It has been a modest, seemingly experimental effort to date though. However, EA experienced a wake-up call last year. That was when a horrendous selloff cut the EA stock price in half. With this painful lesson still fresh, the company finally appears motivated to embrace all the new norms in video gaming. Electronic Arts Stock Pays for Missing the First BoatLong-term investors of Electronic Arts stock know the story all too well. Once a powerhouse within the gaming industry, EA lost its shine. Last year's delays in releasing its most recent Battlefield title angered gamers. Plus, the company imposed multiple micro transactions for consumers to enjoy 2017's Star Wars entry created a revolt.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Finally, the unexpected, disruptive success of rival game Fortnite contributed to heaping pain on top of Electronic Arts stock.A fatal shooting at a competition last year involving one of its Madden NFL games only exacerbated the doubt that suddenly surrounded the company. This tragedy contributed to driving the EA stock price from July's high near $150 to December's low of around $75.However, the game-related stumbling blocks were microcosms of bigger, more philosophical problems. The industry -- and how people consume games in particular -- has been changing. But EA hadn't fully changed with it.One of those shifts has been the democratization of game distribution. The advent of downloaded games has proven to be a mixed blessing for EA stock as well as rivals like Activision Blizzard (NASDAQ:ATVI) and Take-Two (NASDAQ:TTWO). By selling directly to consumers, publishers can bypass middlemen like GameStop (NYSE:GME) and Walmart (NYSE:WMT), retaining more profits for themselves.The very same high-speed internet connections and consoles with hard drives, though, facilitated the creation of game repositories like Steam. These technologies also sparked the rise of a countless number of indie game developers.And as it turns out, some of those independently developed games - including Fortnite -- are pretty good.Electronic Arts answered, launching EA Access in 2014, followed by a more robust subscription service called Origin Access.And with last year's release of "Project Atlas," EA hopes to set a framework for future relevancy in the gaming business. Uncanny InsightThe game-streaming and subscription business is far from fully gelled. Electronic Arts stock may have potential competition from Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) entering the fray. Microsoft (NASDAQ:MSFT) is already there.However, EA is in a unique position, having learned from past failures (and successes) within the subscription business. Keep in mind they don't have a console system to lean on.EA's subscription chief, Senior Vice President Mike Blank, has demonstrated some important even if subtle savvy on this front. Last month, Blanked stated, "We need to be where the players are and not every player is going to be on every service or device, just like not every viewer is on Netflix."It's a seemingly obvious statement, but it's a realization rivals don't seem to have fully embraced.Blank further recognized that "We're evolving from a publisher of games to a connector."In other words, just because they build it doesn't mean players will come.EA has yet to fully decide if it will cultivate its own streaming/subscription service (more than it already has). A meaningless "maybe" is all Blank is willing to offer at this point. That leaves investors and gamers alike wondering exactly how monetization will occur with Project Atlas going forward.Electronic Arts knows, however, that it also needs to rethink more than just delivery. Its portfolio of games, while respectable, is aging with little innovation. A Rethink for Gaming RelevancyA subscription-based model will dramatically help on that front by supplying a steady revenue stream rather than forcing the development of nothing but blockbuster titles that sell tens of millions of copies.Blank goes on to say "The value of a subscription is ultimately, from a business standpoint, how much do players engage with the subscription. If you can provide them with new and different experiences they might stay for longer. I think we will build new and different games that will fit within the subscription itself."It wasn't a direct allusion to more indie and indie-like games. But it's noteworthy that Electronic Arts has stepped up its efforts -- in a big way -- to work with independent game developers. Last month, the company announced Zoink Games, Glowmade and Hazelight Studios will each soon see one of their games published with an EA label on it.It's a largely unprecedented pace, suggesting the organization is rethinking everything from the top down.It also aligns with recent comments from EA's VP of strategic growth Matt Bilbey. He told GameIndustry.biz earlier this month "The conversation now can flip from platform holder to game creator because they are so intertwined. The game that creators are going to make is going to evolve based on what people are consuming on." Looking Ahead for EA StockWhat Electronic Arts exactly has in mind for the new era of video games remains at least a little unclear. Indeed, it's possible that even EA doesn't precisely know where it's going, even as it moves forward.It is clear, however, that Electronic Arts has pushed itself through a pretty significant rethinking of its place in the video game industry. Also, it appears it's had some tough conversations about relevancy where subscriptions are the norm and players are growing more interested in less-touted titles. The so-called "long tail" of video game choices is getting longer and wider.It's far from an assurance that EA stock will make a full recovery in the near future. But it certainly doesn't hurt the bullish argument.As of this writing, James Brumley held a long position in EA stock. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Subscriptions, Streaming Integral to the Bull Case for EA Stock appeared first on InvestorPlace.

  • Market Exclusive11 hours ago

    Market Morning: Gilead Moves On Galapagos, Hong Kong Keeps Fighting, Trump Tweets

    Gilead Makes Galapagos Move AIDS and hepatitis C giant Gilead (NASDAQ:GILD) is making another move on Galapagos NV (NASDAQ:GLPG) to gain rights outside Europe for certain treatments. Gilead agreed to pay nearly $4 billion plus another $1.1 billion in shares at $158.49 per share, increasing its stake in the company to 22% from 12.3%. The […]The post Market Morning: Gilead Moves On Galapagos, Hong Kong Keeps Fighting, Trump Tweets appeared first on Market Exclusive.

  • Amazon Taps Kobe Bryant and Other Celebs to Generate Prime Day Buzz
    Bloomberg12 hours ago

    Amazon Taps Kobe Bryant and Other Celebs to Generate Prime Day Buzz

    (Bloomberg) -- Will Smith is selling water. Kobe Bryant is pushing deodorant. Mark Wahlberg is peddling protein powder. YouTube star JoJo Siwa, known for wearing big, colorful hairbows, is hawking, well, big colorful hairbows.Amazon.com Inc. is tapping high-profile actors, athletes and social-media sensations like never before to maintain buzz around its Prime Day summer sale, now in its fifth year and battling increasing competition from rivals.Discounted pressure cookers and gadgets just aren't enough to stand out when shoppers can find a flurry of bargains elsewhere. Walmart started a competing four-day sale on Sunday. Target is emphasizing sales on its exclusive clothing and home goods shoppers can’t buy on Amazon. EBay is taunting last year’s Prime Day website outage with a “Crash Sale” offering deals on smartphones, electronics and fashion. And all of them are emphasizing that their deals don’t require paid membership like Amazon. Some 250 retailers are staging their own sales to compete with Prime Day, up from 194 last year, according to research firm RetailMeNot.So Amazon last week promoted its two-day event beginning July 15 with a Taylor Swift concert and is pushing celebrity-backed merchandise targeting every demographic to keep Prime Day flourishing in headlines and social media. So far it appears to be working.The sale generated about 12 billion media impressions—views of television and online content about the day—as of Friday, according to Stacy Jones, who runs the entertainment marketing agency Hollywood Branded. That's about the same as for the deal H&M struck with Netflix to sell 80s-style clothing featured in its hit show “Stranger Things,” she says.Shoppers will spend $5.8 billion on Amazon over the two days, according to Coresight Research. That’s an 11% increase from last year’s 36-hour sale when converted to spending per hour. “Amazon is giving these celebrities the opportunity to sell their brands on a very powerful platform,” Jones says.The celebrity focus shows how much Chief Executive Officer Jeff Bezos—now tabloid fodder himself in the wake of his high-profile affair and divorce—has changed his thinking about the value of celebrity promotion. Amazon historically relied on customer reviews, which don’t cost anything, to sell products rather than million-dollar pop star endorsements.A tipping point came in 2016 when Bezos was eager for the public to embrace the new Echo speaker, which  popularized Amazon’s Alexa voice-activated digital assistant. The company splurged on its first Super Bowl commercial starring Alec Baldwin and Dan Marino; it became a big hit, prompting further investments and experiments in celebrity promotion.Amazon’s “The Celebrity Store” debuted last year with products endorsed by tennis star Serena Williams, Hollywood heartthrob Zac Efron and more than 30 other notables. That pushed Amazon deeper into the influencer marketing realm dominated by Facebook  Inc.’s Instagram, which is adding its own shopping options. Stars are eager to partner with Amazon. Lady Gaga has an exclusive line of beauty products coming soon. Heidi Klum, who already sells bras on Amazon, has a fashion program a la “Project Runway” in the works that’s scheduled to start streaming on Amazon Video next year.“It’s amazing how much the needle has moved in the other direction,” says Steve Susi, a former Amazon advertising executive and author of Brand Currency. “We were told that Bezos resisted celebrity endorsements because it just seemed so inauthentic and un-Amazonian.”Amazon going mainstream with its marketing techniques is also a sign of maturation. Amazon launched Prime Day in 2015 as a fresh way to lure new Prime members, who pay monthly or yearly fees in exchange for shipping discounts and other perks like video streaming. In subsequent years it kept the event lively by offering steep discounts on its own devices like Echo speakers and the Fire TV. After it acquired Whole Foods in 2017, Amazon made groceries part of its Prime Day promotions to entice members to buy more food.This year there’s no must-have Amazon gadget or new product category to push. So Amazon is emphasizing its exclusive celebrity deals like a three-pack of hairbows from JoJo Siwa for $22.99. The teen entertainer gained a following on the Lifetime reality show “Dance Moms,” which she has converted into a YouTube following used to hawk branded merchandise at Target and other retailers.It’s a new phase of marketing for Amazon as it shifts from winning new Prime members to extracting more money and attention from existing customers by getting them to explore new product categories and sign up for services like music streaming.Amazon says it has more than 100 million Prime members worldwide, but new subscriptions in the U.S., Amazon’s biggest market, are slowing, according to the research firm Consumer Intelligence Research Partners.“They can’t keep adding 10 million new Prime members every quarter because everyone has already made up their minds about that,” says Josh Lowitz, co-founder of Consumer Intelligence. “This is more traditional marketing around a big sales event, which is more celebrity driven.”To contact the author of this story: Spencer Soper in Seattle at ssoper@bloomberg.netTo contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Better Buy: Amazon.com vs. Walmart
    Motley Fool2 days ago

    Better Buy: Amazon.com vs. Walmart

    Which of these retail titans is the best choice for your portfolio?

  • 3 Reasons Bed Bath & Beyond Is Still a Value Trap
    Motley Fool2 days ago

    3 Reasons Bed Bath & Beyond Is Still a Value Trap

    This retailer’s stock is dirt cheap, but its core business is sill crumbling.

  • Bed Bath & Beyond’s Struggles Deepen
    Motley Fool2 days ago

    Bed Bath & Beyond’s Struggles Deepen

    The growth outlook just got cloudier for this specialty retailer.

  • Carter's (CRI) Down 13% in 3 Months: Is a Reversal Likely?
    Zacks3 days ago

    Carter's (CRI) Down 13% in 3 Months: Is a Reversal Likely?

    Carter's (CRI) is on track with its Retail strategy and international segment. However, high inventory level, higher expenses and softness across the U.S. Wholesale business hurt its performance.

  • Uber and Lyft are pushing the online grocery business underground
    MarketWatch3 days ago

    Uber and Lyft are pushing the online grocery business underground

    The growing use of ride-sharing apps is pushing the online grocery business underground, according to CommonSense Robotics, a company that is using propriety technology, including artificial intelligence, to fulfill its mission of delivering online grocery orders within one hour. CommonSense said construction on its second “micro-fulfillment” center is underway. The fulfillment center will be 18,000-square-feet with an average height clearance of just 11 feet and three temperature zones to accommodate fresh, chilled and frozen items.