|Bid||87.75 x 1200|
|Ask||87.76 x 800|
|Day's Range||87.41 - 88.48|
|52 Week Range||75.55 - 109.98|
|PE Ratio (TTM)||29.26|
|Earnings Date||Aug 16, 2018|
|Forward Dividend & Yield||2.08 (2.46%)|
|1y Target Est||95.12|
Thursday, July 19: New York state is investigating the Donald J. Trump Foundation over taxes; Facebook CEO Mark Zuckerberg apologizes for his comments about Holocaust deniers; Amazon shares numbers from another smash hit Prime Day. Yahoo Finance's Dan Roberts delivers today's business news.
Promoting a robust U.S. economy, President Donald Trump is pressing U.S. companies and trade associations to bolster their job training opportunities as employers search for qualified skilled workers to fill vacancies. Trump was holding a White House event Thursday with corporate leaders, workers and students to promote apprenticeships, vocational opportunities and job training. The pledge and an executive order creating a national council for U.S. workers and a workforce policy advisory board aims to address the needs of manufacturing workers as the president has engaged in trade disputes that have rattled the economy.
Walmart is planning to launch a subscription streaming service through Vudu, Variety reports. Sources told Variety that the service is set to be launched in the fourth quarter of 2018. If Walmart launches its own subscription video-on-demand service, it would further heat up the competition between the retail giant and Amazon.
By all rational measures, United Health (NYSE:UNH) produced a very solid performance for its second quarter fiscal 2018 earnings report. The country’s biggest health-insurance provider exceeded profitability expectations, while meeting the consensus target for revenues. While the “paper stats” were impressive – United Health hit an earnings per share of $3.14, up 3.2% from the $3.04 consensus target – Barron’s Teresa Rivas notes that much of the positive surprise boils down to non-operating factors.
Wal-Mart de Mexico's revenue is expected to rise 7.6 percent year-over-year in the second quarter, helped by strong consumption driven by the World Cup and local elections, according to a Reuters poll of analysts. Wal-Mart de México, known as Walmex, is expected to rake in total revenues of 146.1 billion pesos ($7.35 billion), according to the average estimate of eight specialists in the sector. Nevertheless, the company's net profit is expected to fall 42.1 percent due to a difficult comparison with the second quarter of 2017, when Walmex logged the sale of its Suburbia clothing stores, analysts said.
Walmart Inc.'s ( WMT) shares have been punished by investors in 2018, plunging nearly 26% from their January highs. Now, Walmart's stock is mounting a comeback. The shares have commenced a rebound from their lows in mid-May, and now options traders are aggressively increasing their bets that Walmart will rebound another 6.5%.
Netflix (NFLX) and Amazon (AMZN) are likely to face stiffer competition in the video streaming business. The leaders in video streaming are already bracing themselves for the likes of Disney (DIS), which is slated to launch its own streaming service next year, and Apple, which could launch its streaming service next year as well.
On Wednesday, there were murmurs that an activist investor might get involved in the Cigna (CI)/Express Scripts Holding (ESRX) merger, in which the health insurer plans to buy the pharmacy-benefits manager in a deal worth $54 billion. Leerink's Ana Gupte wades into the world of health-care mega-mergers today, noting that along with Cigna, UnitedHealth Group (UNH) also closed higher on the news yesterday. Gupte argues that while Amazon and Walmart may be able to "enter or deepen" their presence in the drug supply chain, "they would not be able to compete with sophisticated managed care companies such as UnitedHealth, Humana [HUM] and increasingly Anthem [ANTM] on integrated care delivery with coverage absent a substantial MCO acquisition." That said, she writes that Amazon or Walmart could facilitate cross-selling into prescription-drug benefits and increase store traffic by striking a deal with a managed-care organization.
Walmart Inc.’s employees have adopted money-management tools from Even Responsible Finance Inc. at a faster pace than anticipated, prompting a fresh round of funding to expand the fintech startup. More than 200,000 Walmart employees in the U.S. use Even’s app to manage their finances or access their wages early, the Oakland-based startup said in a statement Thursday, and almost half of that group employs it every day. “We’ve been very surprised by the uptake -- we anticipated that we would get to 200,000 by the end of the year,” Chief Executive Officer Jon Schlossberg said in an interview.