WMT - Walmart Inc.

NYSE - NYSE Delayed Price. Currency in USD
-0.22 (-0.19%)
At close: 4:01PM EDT
Stock chart is not supported by your current browser
Previous Close114.98
Bid114.52 x 900
Ask115.14 x 800
Day's Range114.04 - 115.49
52 Week Range85.78 - 115.49
Avg. Volume5,963,111
Market Cap327.608B
Beta (3Y Monthly)0.66
PE Ratio (TTM)40.15
EPS (TTM)2.86
Earnings DateAug 15, 2019
Forward Dividend & Yield2.12 (1.84%)
Ex-Dividend Date2019-08-08
1y Target Est110.89
Trade prices are not sourced from all markets
  • Prime Day boosts Amazon's competition: Adobe
    Yahoo Finance Video16 hours ago

    Prime Day boosts Amazon's competition: Adobe

    Prime Day is not just giving Amazon a boost. Several large U.S. retailers recorded an average sales jump of 64% in the first 24 hours of Prime Day, according to Adobe Analytics. Yahoo Finance's Seana Smith and Dan Howley discuss.

  • Bloomberg12 hours ago

    Amazon Comes Under Fire as Lawmakers Grill Tech on Competition

    (Bloomberg) -- Amazon.com Inc. was challenged by a top House lawmaker over whether the online retail giant is harming competition as the biggest tech companies faced their harshest antitrust scrutiny in years on Capitol Hill.Democratic Representative David Cicilline of Rhode Island, who chairs the House antitrust panel, put Amazon on the hot seat at a hearing Tuesday, suggesting its business model suffers from conflicts of interest and that it can use its control over data to thwart competition from third-party sellers on its platform.“You are selling your own products on a platform you control and they’re competing with products from other sellers,” Cicilline said.Amazon lawyer Nate Sutton denied the company uses data it collects on sales to favor its own products over third-party sellers. He also argued that it’s common in the retail industry for stores to sell their own brands that compete against others.Cicilline fired back: “The difference is Amazon is a trillion-dollar company that runs an online platform with real-time data on millions of purchases and billions in commerce and can manipulate algorithms on its platform and favor its own product -- that is not the same as a local retailer,” he said.The exchange, as Amazon’s Prime Day sales event extended into a second day, came at hearing where four of the biggest U.S. tech firms -- Amazon, Facebook Inc., Alphabet Inc.’s Google and Apple Inc. -- defended their businesses against criticism that they are too dominant. The session marked the first time the companies have faced grilling from Congress about whether they are hindering competition.Cicilline said his inquiry is still in the fact-gathering stage but the series will eventually lead to legislative steps that go beyond self-regulation.“I think it will absolutely require some action by Congress, either by way of regulation, new statutory enactments, new resources for antitrust agencies, more likely a combination of those three things,” he told reporters after the executives testified.Cicilline is bearing down on the companies as antitrust enforcers prepare their own scrutiny after a mostly hands-off approach to the industry.The Justice Department and the Federal Trade Commission, which share antitrust jurisdiction, have taken the first steps toward investigating conduct by the biggest companies by divvying up oversight with the Justice Department taking responsibility for Google and Apple, and FTC overseeing Facebook and Amazon.A report by the University of Chicago’s Stigler Center this year found that digital markets tend to be winner-take-all in which one firm comes to dominate. That creates an incentive for the companies to edge out new challengers that could threaten that dominance.Republican Jim Sensenbrenner of Wisconsin on Tuesday cautioned against calls for breaking up the big technology companies.“Just because a business is big doesn’t mean that it is bad,” he said. Antitrust laws “do not exist to punish businesses just because they are big.”All four companies repeatedly insisted that they face abundant competition, from one another and from other companies. Although Amazon controls about half of U.S. e-commerce sales, Sutton pointed out the company makes up just 4% of all retail sales, with competition from Walmart Inc. and Kroger Co., among others. Facebook’s Director of Public Policy Matt Perault pointed to competition from Apple, Amazon and Google, among others.That argument met with skepticism from lawmakers. Representative Joe Neguse, a Colorado Democrat, pointed out that Facebook has the most monthly active users worldwide of any social media platform, with its Instagram, Whatsapp, and Facebook messenger in the top six.“You can understand the skepticism because when a company owns four of the largest six entities measured by active users in the world in that industry, we have a word for that, and that’s monopoly – or at least monopoly power,” he said.\--With assistance from Daniel Stoller.To contact the reporters on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.net;Ben Brody in Washington, D.C. at btenerellabr@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Walmart (WMT) Stock Moves -0.21%: What You Should Know
    Zacks14 hours ago

    Walmart (WMT) Stock Moves -0.21%: What You Should Know

    Walmart (WMT) closed the most recent trading day at $114.74, moving -0.21% from the previous trading session.

  • JDA Software powers Walmart's new US employee scheduling system
    American City Business Journals15 hours ago

    JDA Software powers Walmart's new US employee scheduling system

    While the Scottsdale software maker has worked with Walmart for many years, this is the first project the company could publicly announce with the largest retailer in the world.

  • Searches for ‘Canceling Amazon Prime’ Spike on Prime Day
    Bloomberg17 hours ago

    Searches for ‘Canceling Amazon Prime’ Spike on Prime Day

    (Bloomberg) -- Internet searches for “Canceling Amazon Prime” were 18 times higher on Monday -- the beginning of Amazon.com Inc.’s two-day sale -- than the previous day, according to search intelligence firm Captify. The data suggest shoppers want to snatch up discounted gadgets and appliances without making a long-term commitment to the world’s biggest online retailer.“If Amazon is hoping to use Prime Day as a way to sign up and retain new Prime members, they might need to rethink their retention plan,” Captify said in a statement. “According to search, consumers are signing up for Prime, getting their deals and then canceling membership shortly after.”Shoppers are projected to spend $5.8 billion on Amazon over the two days, according to an estimate from Coresight Research. The e-commerce giant launched Prime Day in 2015 as a way to lure new Prime members, who pay fees in exchange for shipping discounts and other perks like video streaming.Analysts estimate Amazon’s Prime member retention rate is more than 90%, better than Costco Wholesale Corp. The Seattle-based company has used a variety of tactics to try to find additional subscribers. For example, Amazon offers monthly memberships to attract those who don’t want to join for a year.The average Prime member spends $1,400 a year on Amazon, more than double the $600 spent by shoppers who aren’t Prime members, according to Consumer Intelligence Research Partners. The firm estimates Amazon has 103 million Prime members in the U.S.Captify based its estimate on searches by 2.2 billion global consumers using computers, voice-activated devices and smartphone apps. The search metrics include sites like Reddit and deal hunting websites that have discussion forums where shoppers swap knowledge about the best prices, said Rohaan Dullabhai, a senior insight strategist at Captify.Searches for Best Buy Co. were up 255% from the day before Prime Day, while Walmart Inc. queries climbed 130% and EBay Inc. searches rose 72%. That suggests shoppers are bouncing from one site to another in search of the best deal before subscribing to Amazon Prime, he said."Consumers are becoming more and more savvy," Dullabhai said. "They are going to the discussion forums to find the best deals and taking advantage of all of these retailers competing with one another."(Updates with search information about retailers in seventh paragraph.)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, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 8 Penny Stocks That Have Fallen From Grace
    InvestorPlace17 hours ago

    8 Penny Stocks That Have Fallen From Grace

    A good rule of thumb to follow in investing is that penny stocks usually aren't good stocks. Most stocks don't IPO at prices below $10. As such, if a stock is trading below $10 or below $5, it means investors have sold the stock off to those levels, and such big selloffs aren't typically the result of good fundamentals or news.Because of this, when dealing with penny stocks, it is always important to remember that these stocks weren't birthed as penny stocks. They were birthed as regular stocks, and fell into penny stock territory due to poor fundamentals.That is especially true for the following list of 8 penny stocks that have fallen from grace. Once upon a time, each one these penny stocks was a high flyer that the market thought could be a huge success. Then, reality hit, and none of them ended up being what they were supposed to be. Investors dumped the stocks, and now, each one of these former high flyers trades in penny stock territory.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAre these huge selloffs buying opportunities? Or are they reason to stay away? It depends. For some of these fallen-from-grace penny stocks, the selloffs are overdone. For others, they aren't. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip With that in mind, let's take a closer look at these fallen-from-grace penny stocks, and see not only why they fell from grace, but whether or not they can bounce back from here. J.C. Penney (JCP)Source: Shutterstock All-Time High (Year): $80 (2007)Current Price: $1.15Why It's Dropped: Big box department store J.C. Penney (NYSE:JCP) was once an iconic stalwart of a thriving mall industry. That was back before the 2008 Financial Crisis, and before the onset of mainstream e-commerce. Then, Amazon (NASDAQ:AMZN) came along, and shopping pivoted into the digital channel. Some traditional retailers kept up with the times. J.C. Penney did not. In-store performance deteriorated, and without any help from a burgeoning digital business (because there was none), financial resources were depleted and JCP stock fell off a cliff.Can It Bounce Back: JCP stock is unlikely to bounce back, for two simple reasons. One, the consumer has moved on. Between Amazon, Walmart (NYSE:WMT), Target (NYSE:TGT), Etsy (NASDAQ:ETSY), Shopify (NYSE:SHOP) stores, and more, consumers have all the stores they need to get everything they want. J.C. Penney is no longer a necessary retail destination for consumers. Two, the company is running up huge losses against the backdrop of a debt burdened balance sheet that renders the company both unable to innovate and invest, and unable to use time to its advantage. As such, the most likely path forward for JCP stock is lower. Groupon (GRPN)All Time High: $25 (2011/12)Current Price: $3.40Why It's Dropped: Once upon a time, the idea of a centralized online coupons site sounded genius, and that's why Groupon (NASDAQ:GRPN) had a pretty hot start on Wall Street. Then, the commerce world changed, as retail behemoths like Amazon, Walmart, and Target made low prices the norm (thereby somewhat eroding the need for discounts). At the same time, Groupon's growth started to flatten out, and profitability remained a huge question mark. These growth and profitability struggles have persisted for the past several years, and as they have, GRPN stock has dropped in a big way. * 5 STARS Stocks Smashing the Market (FANG Stocks, Too) Can It Bounce Back: In the long run, GRPN stock can bounce back, mostly because the company has the ability to execute an impressive turnaround through focusing on discounts for experiences (not discounts for products), and through emphasizing local sales (so as to avoid competition with the likes of Amazon, Walmart, and Target). But this turnaround is progressing at a snail's pace. Thus, while I have faith that GRPN stock can and will bounce back from these under-$5 levels, it will take time. Pier 1 (PIR)Source: Shutterstock All Time High: $500 (2013)Current Price: $6Why It's Dropped: Home furnishings retailer Pier 1 (NYSE:PIR) was once considered one of the premiere retailing destinations in a thriving physical home-goods market that was largely exempt from the e-commerce onslaught, mostly because furniture was supposedly the type of stuff consumers wanted to touch and feel. As it turns out, though, that's not true. The e-commerce trend has penetrated into the furniture market over the past several years, and as it has, sales and customers have flowed out of Pier 1 and into platforms like Wayfair (NYSE:W). Pier 1's margins and profits have consequently contracted, and PIR stock has plummeted.Can It Bounce Back: PIR stock can and should bounce back from here, but the current trends underlying the company are so negative (huge revenue drops and big margin erosion, neither of which are slowing) that betting on a PIR stock turnaround here simply seems too risky. If those trends do start to stabilize, this stock can and will bounce back in a big way. But until then, the best place to hangout is on the sidelines. Blue Apron (APRN)Source: Shutterstock All Time High: $150 (2017)Current Price: $7.50Why It's Dropped: At the time of its IPO in 2017, Blue Apron (NASDAQ:APRN) was being heralded by some as a next-generation meal kit platform that was going to change the way consumers did their grocery shopping. But old habits are hard to break, and how consumers do their grocery shopping is one of the oldest habits in the book. As such, Blue Apron's growth trajectory since its IPO has dropped into negative territory, while profitability has remained elusive. This combination of slowing growth and rising losses has driven APRN stock substantially lower. * 3 Breakout Stocks to Buy Can It Bounce Back: APRN stock will likely keep falling for the foreseeable future. Meal kit market trends remain sluggish while competitionis only increasing. Thus, Blue Apron is potentially looking at shrinking market share in an increasingly competitive and slowing growth meal kit market. That combination implies that revenue, margin and profitability struggles will persist for the foreseeable future. As they do, APRN stock's struggles will persist, too. Rite Aid (RAD)Source: Shutterstock All Time High: $1,000 (1999)Current Price: $8.65Why It's Dropped: The story at Rite Aid (NYSE:RAD) is very similar to the story at J.C. Penney. Broadly speaking, both mall retail and pharmacy have been uprooted by secular changes in consumption and flooded with tons of competition. Much like J.C. Penney, Rite Aid has struggled to keep up with these changes, and has lost market share to competitors. The result has been persistent drops in revenue, margins, and profits, against the backdrop of a debt-heavy balance sheet. That combination has ultimately scared investors away in droves, and PIR stock has come crashing down over the past several years. * 3 Retail Stocks to Buy Now Can It Bounce Back: Also much like JCP stock, RAD stock is unlikely to bounce back in the foreseeable future. Amazon has yet to truly enter the pharmacy space, but their launching of an e-pharmacy business is inevitable at this point. When that business does launch, it will provide additional competitive headwinds for Rite Aid, the sum of which will keep revenues, margins, and profits in a secular downtrend. So long as that remains true, PIR stock will continue to creep towards $0. GameStop (GME)Source: GameStop All Time High: $60 (2007)Current Price: $4.80Why It's Dropped: Before the 2008 Financial Crisis, video games were bought in stores, and the go-to place to buy video games was GameStop (NYSE:GME). But over the past decade, video games have shifted from being bought in store, to being downloaded through the cloud. This shift has made GameStop an increasingly irrelevant retail destination for gamers. GameStop's sales, margins and profits have consequently been hit hard, and GME stock has dropped.Can It Bounce Back: At this point in time, a bounce back rally in GME stock is unlikely. The cloud gaming shift is only accelerating and gaining momentum, as multiple next-gen cloud gaming platforms are expected to launch in late 2019 and early 2020. These new platforms will make GameStop only more irrelevant than ever before. Sales, margins and profits will continue to drop. So will GME stock. GoPro (GPRO)Source: GoPro All Time High: $100 (2014)Current Price: $5.50Why It's Dropped: Shortly after its 2014 IPO, GoPro (NYSE:GPRO) stock went hyperbolic as Wall Street fell in love with this company's potential as a next-generation media giant. The idea was that GoPro's action cameras were creating a new form of media content, from which the company could create a content-rich streaming platform, like the YouTube of action sports. That never happened. Instead, it turns out that the action sports market is pretty niche, and there really isn't much potential on the content side here. As such, over the past several years, reality has sunk in that GoPro is just a camera hardware maker for a niche action sports market. As that reality has sunk in, GPRO stock has crashed. * 7 Short Squeeze Stocks With Big Upside Potential Can It Bounce Back: GPRO stock won't bounce back from here. But it also won't fall much further. Instead, GPRO stock seems fairly valued today considering its reality as a stable but limited growth and low margin hardware maker in a niche market. Further downside seems limited by the fact that the valuation is depressed and growth trends are stabilizing. Further upside seems limited by the fact that growth rates and margins will remain relatively muted for the foreseeable future. As such, GPRO stock projects to stay stuck in the mid to high single digit range for the next few quarters. Fitbit (FIT)Source: Shutterstock All Time High: $50 (2015)Current Price: $4.40Why It's Dropped: Much like GoPro, Fitbit (NYSE:FIT) was hyped up around its IPO as a next-generation hardware company with both huge hardware and software growth potential in the long run. Also much like GoPro, though, Fitbit never lived up to that hype. Instead, Fitbit's hardware growth trajectory fell flat, as competitors innovated more quickly than Fitbit and stole market share, and the software growth narrative never really materialized. This end-to-end growth narrative erosion, coupled with continued weak margin and profit trends, has caused FIT stock to plummet over the past several years.Can It Bounce Back: A rebound in FIT stock seems unlikely at this point in time. There was hope that new smartwatch products would catalyze a rebound in declining Fitbit sales. But that tailwind has already largely come and gone and didn't leave much of a lasting positive impact. At the same time, FIT stock seems fairly valued considering its reality as a niche consumer tech hardware maker. Going forward, there is upside potential on the data side of things. But that upside potential lacks clarity. All in all, then, the growth narrative here still remains more negative than positive, and that dynamic will ultimately prohibit FIT stock from staging a big turnaround.As of this writing, Luke Lango was long AMZN, WMT, TGT, and SHOP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 8 Penny Stocks That Have Fallen From Grace appeared first on InvestorPlace.

  • How Long Will the US-China Trade Truce Last?
    Market Realist18 hours ago

    How Long Will the US-China Trade Truce Last?

    There have been three trade war truces since the US-China trade war erupted last year. Will the current trade talks be successful?

  • Walmart CEO McMillon says the retailer has been playing ‘catch up’ in e-commerce
    MarketWatch18 hours ago

    Walmart CEO McMillon says the retailer has been playing ‘catch up’ in e-commerce

    Walmart Chief Executive Doug McMillon discussed the retail giant’s digital progress and the competition, including Amazon.

  • Amazon Prime Day will showcase one-day delivery
    MarketWatch19 hours 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.

  • Reuters20 hours ago

    Walmart Chile reaches agreement with union workers to end six-day strike

    Walmart Chile said its store locations would resume normal operations on Tuesday after it reached an agreement with a union of 17,000 workers who walked off the job last week, ending a six-day strike over wages and automated jobs. The strike affected about a third of the approximately 400 stores that Walmart Inc operates in Chile. "Walmart Chile and Lider's Inter-Company Union sealed a collective agreement that was satisfactory to both parties.

  • Barrons.com20 hours ago

    The One Amazon Prime Day Deal That Walmart and Target Can’t Match

    Amazon uses the annual July sales event to sign up Prime members, adding a revenue stream that others don’t have.

  • The Zacks Analyst Blog Highlights: Amazon.com, Target and Walmart
    Zacks21 hours ago

    The Zacks Analyst Blog Highlights: Amazon.com, Target and Walmart

    The Zacks Analyst Blog Highlights: Amazon.com, Target and Walmart

  • Should Walmart Inc. (NYSE:WMT) Be Part Of Your Dividend Portfolio?
    Simply Wall St.21 hours ago

    Should Walmart Inc. (NYSE:WMT) Be Part Of Your Dividend Portfolio?

    Is Walmart Inc. (NYSE:WMT) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can...

  • Benzinga21 hours ago

    Tuesday's Market Minute: Prime Day: The New Black Friday

    When Amazon.com, Inc. (NASDAQ: AMZN ) launched Prime Day in 2015, the e-commerce giant changed online shopping like no company before. Four years later, other mega retailers have decided to benefit from ...

  • Target Keeps Tab of Changes in Retail Landscape to Stay Afloat
    Zacks22 hours ago

    Target Keeps Tab of Changes in Retail Landscape to Stay Afloat

    Target's (TGT) strategic efforts help result in robust traffic, favorable store comps and surge in comparable digital sales.

  • Zacks22 hours ago

    Stocks Fight Past Earnings Jitters for Another Record Close

    Stocks Fight Past Earnings Jitters for Another Record Close

  • Walmart’s Trading at an All-Time High: Time to Sell?
    InvestorPlace23 hours ago

    Walmart’s Trading at an All-Time High: Time to Sell?

    Walmart (NYSE:WMT) CEO Doug McMillon has been in the top job at the world's largest retailer for five-and-a-half years. Since taking the helm on February 1, 2014, Walmart stock has achieved a cumulative total return of 82%.Source: Shutterstock As the company's online business has grown, so too has the Walmart stock price. Shares are up 68% on an annualized basis over the past three years. Moreover, they're up 31% over the past 12 months, and 27% year-to-date.It's safe to say that McMillon's time as CEO has been a rewarding one for both long-time shareholders and himself: the head exec owns 1.74 million shares of WMT stock. In fiscal 2019, McMillion realized $29.5 million when 301,809 shares vested. At current prices, all of McMillon's stock is worth $200 million.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs the big boss, confident in his ability to keep growing Walmart, I'm sure he'll continue to hold WMT stock. I say this despite the fact it's trading at an all-time high.The question is, should you? * 7 Dependable Dividend Stocks to Buy Here are the pros and cons of staying the course with Walmart stock. The Pros for Riding WMT StockWalmart continues to take the online fight to Amazon (NASDAQ:AMZN).To counter Jeff Bezos' Prime Day sale, Walmart is going all-in. The retailing giant is executing a four-day sale that began July 14 and continues through the July 17. They're also providing free two-day shipping for anyone who spends more than $35 online.Have you ever spent less than $35 in a single online order? I sure haven't. So you can bet whoever takes advantage of Walmart's sale is getting free delivery, not to mention seriously low prices.All of the company's online initiatives have led to significant growth. In fiscal 2020's first quarter, Walmart's U.S. e-commerce sales increased 37% thanks in part to strong online grocery sales. Additionally, WMT achieved solid numbers in both the home and fashion categories.For all of 2020, Walmart hopes to continue to grow its U.S. online business at a 35% clip. I don't know if it can do this. However, it's hard not to recognize that its e-commerce business is much stronger as a result of McMillon's leadership.He might not be worth $200 million, but his efforts in e-commerce are starting to bear fruit not just online, but also in the stores. Keep in mind same-store sales grew 3.4% in Q1 2020, its best quarterly growth rate in nine years.To sell Walmart stock now would be to miss out on the fruits of the company's labor. The Argument for Selling Walmart StockIt's impossible to deny that Walmart has come a long way when it comes to e-commerce. However, it's losing a whole lot of money competing against Amazon and the rest of the players in online shopping. Walmart's not used to losing money on anything. Therefore, this has got to be a gut punch to McMillon and the rest of the management team.Reports are circulating that Marc Lore, Walmart's head of e-commerce in the U.S., is feeling the heat. That's because the e-commerce unit continues to rack up big losses with little to show for all its major acquisitions, investments in infrastructure, etc.Walmart paid $3.3 billion to acquire Jet.com on September 2016, primarily to acquire Lore's e-commerce savvy. And while he's done a lot to make Walmart more competitive, it's got to start making money. Realistically, the same-store sales growth it has experienced in recent years won't continue if the country heads into a recession in the next 12 to 24 months.Since the Jet.com acquisition, Walmart stock is up 69%, 15 percentage points higher than the S&P 500. E-Commerce May Be a Drag on Walmart StockHowever, Walmart's may lose more than $1 billion in fiscal 2020 from its U.S. e-commerce on $21.5 billion in sales. Due to the negative operating margin, Walmart has put a hold on buying digitally native apparel and fashion brands. It's also selling ModCloth, which it purchased in March 2017 for between $50 million and $75 million. It might even put Bonobos up for sale although everything is merely speculation at this point.Apparently, some in the Walmart hierarchy would like to see the company double down on its grocery business -- which could overtake Amazon -- rather than focusing on apparel and fashion.The bottom line? This won't be good for overall morale if the company's best and brightest are feuding with each other.WMT stock has come a long way. Should the markets correct, which is highly likely, the Walmart stock price will take a hit at such elevated levels. Some Trimming May Be in OrderIf I had to own a discount retailer that competes with Amazon, I prefer Target (NYSE:TGT) over Walmart stock. But that's just me.I don't think WMT stock is a bad investment. That said, unless you're planning to hold for the next three to five years or longer, you might want to take some profits off the table because its e-commerce business could get a lot messier.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. 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 Walmarta€™s Trading at an All-Time High: Time to Sell? appeared first on InvestorPlace.

  • Grocery Outlet’s off-price model is poised for growth — as long as the shelves stay stocked
    MarketWatch23 hours 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.

  • Goldman Sachs: 3 Big Box Retailers Primed for Gains
    TipRanks23 hours ago

    Goldman Sachs: 3 Big Box Retailers Primed for Gains

    We hear so much about online retail that it’s easy to lose sight of some important facts: brick-and-mortar stores aren’t going to disappear completely. Customers still like to walk inside, pick up the floor model, or watch a real-life demonstration. While online retail offers convenience, brick-and-mortar offers experience.In 2018, physical retailers brought in $714 billion in sales, a 3.2% increase from 2017, compared to $679 billion in annual online retailer sales. Online’s faster growth rate, 9.6% from 2017, shows that it will soon take the lead, but brick-and-mortar’s sheer size makes a strong case for permanence.Three major big-box style retailers have recently gotten the thumbs-up from Goldman Sachs. Let’s unpack the TipRanks data, and find out why. Costco Corporation (COST)Costco has taken the club-model big-box warehouse store to its greatest success. The retailer has over 100 million members, with a 90% resubscription rate. While club membership is required to shop, Costco has benefits from high levels of repeat visits and bulk purchases; its membership shops frequently and buys a lot. The warehouse-floor layout of the stores helps keep down overhead and stocking costs, while offering high volume keeps prices down for customers.This successful model, in a colorful comparison by five-star financial blogger Luke Lango, has created an “offline version of Amazon (AMZN)… [The] loyal membership base will continue to power healthy results for the retailer for the foreseeable future…” Those results have pushed COST shares well above their average price target, prompting top analysts to reevaluate the stock in the past week.Goldman’s five-star analyst Kate McShane initiated her coverage on COST on July 11 with a buy rating and price target of $290, saying, “The club model continues to have some of the best attributes within retail.” Her target suggests a 3.36% upside to the stock’s current price; at the time she set it, the upside was almost 5%.COST has been on an upward surge as the analysts have been raising their price target on the stock. To give two examples, Loop Capital’s Laura Champine bumped her target to $300 “after [COST’s] June comps data and the encouraging sequential improvement in traffic growth in May…” while Baird’s Peter Benedict set a $290 target, saying, “[COST] is a growth staple as management continues to boost its competitive position.”Costco’s analyst consensus rating is a moderate buy, based on 9 buys and 5 holds assigned in the last three months. As mentioned above, the stock’s share price has powered through the average price target in recent trading sessions. Market analysts have begun setting new targets in the $290 to $300 range, but the average remains at $269. A $290 target will give the stock a 3.36% upside.>>Click Here to see the full list of Analyst Ratings Target Corporation (TGT)Goldman gives its best rating to Target, adding the stock to its Americas Conviction buy list. Target has been posting excellent comp sales growth in recent quarters, along with fast growth of the store’s online segment. Looking forward, Target’s upfront costs on store improvements and online initiatives will start to drop in the next few quarters, giving the company an additional boost to the bottom line.This is the background that sparked McShane’s interest in the stock, getting her to start coverage with a $102 price target. In her research note, she says, “Target is starting to benefit meaningfully from door closures, and an inflection in operating income growth should drive accelerating earnings growth.” Her price target suggests an upside of 17.5%.McShane is not the only analyst taking a favorable view of Target. After the Q1 earnings, JPMorgan’s Christopher Horvers set a $100 price target and buy rating on the stock, saying, “Target’s 4.8% comps is one of the best so far in large cap retail’s first-quarter.” Horver’s target implies a 15% upside potential for TGT.Target maintains a moderate buy from the analyst consensus, based on 6 buys and 7 holds. Shares are selling for $86.80, so the average price target of $89.18 indicates a modest 2.74% upside potential.>>Click Here to see the full list of Analyst Ratings Walmart, Inc. (WMT)Sam Walton’s retail giant has been having a good year. WMT stock is up 23% year-to-date, a solid performance built on a foundation similar to Target’s. Walmart has been streamlining in-store operations, improving reshelving and stocking times along with face-to-face customer service. The store improvements have gone hand-in-hand with an e-commerce initiative. In a creative twist, Walmart leveraged its existing network of stores to cut delivery costs from the online end – customers can purchase online, and pick-up at the store. It’s a viable and convenient option, given that almost everyone in America lives within 10 miles of a Walmart location.The company’s self-reinvention prompted McShane to note WMT’s improved same-store comp sales and traffic growth. As with Target, she also noted that the company faced front-loaded expenses when implementing the changes, but as those expenses moderate profits will improve. She believes WMT stock will continue its upward trend, and sets a $123 price target as she initiates coverage. Her target shows confidence in a 7% upside.Walmart has been attracting positive analyst attention for the past month and more. On June 24, KeyBanc’s Edward Yruma noted Walmart’s acquisition of the PhonePe P2P money transfer app, and specifically pointed out a potential $14 billion valuation in the medium term. He raised his price target by 4%, to $125, and reiterated his “continued confidence in WMT’s ability to innovate.” His price target indicates an upside of 8.7%.Overall, WMT gets another moderate buy from the analyst consensus, based on 9 buys, 2 holds, and 1 sell rating. The stock’s average price target of $115.33 gives a mere 0.3% upside to the current price of $114.98, but with analysts improving their ratings and raising targets, that upside may increase in coming weeks.>>Click Here to see the full list of Analyst RatingsThe retailers detailed here fall into two patterns for success: the warehouse membership model, and the traditional retail model with improvements. Both are viable paths to corporate success and returns for investors.Visit TipRanks’ Top Analysts page, to learn more about Wall Street’s best market watchers.

  • 3 Reasons to Buy Amazon Stock Right Now
    InvestorPlace23 hours ago

    3 Reasons to Buy Amazon Stock Right Now

    Amazon (NASDAQ:AMZN) is on fire right now, and the company continues to edge toward its $1 trillion market cap. Amazon stock has consistently outperformed its competitors by taking a customer-first approach and aggressively entering new markets.Source: ShutterstockAmazon doesn't succeed in all its endeavors and the company tends to focus on speed at the sacrifice of accuracy. But listed below are three things AMZN is getting right in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Amazon Prime DaySimilar to Black Friday, Prime Day is the company's annual shopping holiday for its Prime subscribers. Typically, the holiday comes in mid-July and offers prime members big discounts on both physical and digital products. We're in the middle of it right now.Every year, the event seems to get bigger and more elaborate and it would seem that Prime Day 2019 will be the biggest event yet. The company extended the event to 48 hours and is offering it in over 18 different countries. Even non-Prime customers can sign up for a free trial and take advantage of the savings. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Investors should care a lot about Prime Day because it's an important event for the company and will play a huge role in Amazon's third-quarter results. Last year, Prime customers worldwide purchased over 100 million products. While workers are striking during Prime Day this year, the event should still be big for Amazon stock. AMZN Stock to Offer Free One-Day ShippingWhen Amazon announced it would begin offering free one-day shipping to its Prime customers, competitors like Walmart (NYSE:WMT) and Target (NYSE:TGT) saw their stock prices plummet. The company has continually pushed the boundaries on what it offers its customers in terms of shipping.AMZN is already offering free one-day shipping on over 10 million items. And the company hasn't announced when it will be available on all items but the company will spend an additional $800 million to make it happen. It has forced Walmart, at least, to try to match the offer.This is an important move for Amazon because the company's main selling point with its customers is convenience. Unlike Target or Walmart, Amazon doesn't have a store that customers can visit if they need to pick something up. But the company does have a large fulfillment network, so faster shipping is the best way to draw in new Prime customers. Amazon Will Play a Bigger Role in the Logistics IndustryFedEx (NYSE:FDX) surprised a lot of people when it announced it wouldn't be renewing its contract with Amazon for air shipments. Other companies could follow suit though Amazon has been steadily moving away from using shipping carriers like the U.S. Postal Service and UPS (NYSE:UPS) anyway. Amazon has been preparing to enter the logistics industry for many years now. In May 2019, Amazon delivered 48% of its own shipments. By comparison, Amazon was responsible for 15% of its own shipments just a couple years ago.In 2018, the total U.S. domestic package market was $106 billion and nearly one-third of that is e-commerce shipments. This means that in the coming years, there's a ton of growth potential for Amazon's logistics business. Amazon Stock Is Still a BuyWall Street analysts expect that AMZN will report sales of $62.51 billion for its current fiscal quarter. This would be impressive enough on its own but Amazon's biggest asset is its diversity.The company is already a leader in e-commerce, digital retail and cloud computing. And Amazon never stops thinking about the future. It's always looking for the next industry to break into. This makes AMZN stock a good long-term investment and gives the company a huge competitive advantage.As of this writing, Jamie Johnson did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 3 Reasons to Buy Amazon Stock Right Now appeared first on InvestorPlace.

  • Thieves Love Amazon Prime Day as Much as Shoppers

    Thieves Love Amazon Prime Day as Much as Shoppers

    (Bloomberg) -- Amazon’s Prime Day gives shoppers an opportunity to flex their deal-spotting muscles ahead of Black Friday. It also gives package thieves their own chance to warm up.Although the weeks between Thanksgiving and Christmas see far more parcel deliveries—and therefore, more brazen from-the-stoop thefts, Prime Day’s limited 48-hour window creates a concentrated opening for “porch pirates” to make their move, said Brody Buhler, managing director of Accenture’s post and parcel industry group.It’s hard to pin down exactly how many cardboard boxes are pilfered from plain sight around the invented summer buying spree, since customers can report thefts to one of three sources—the local police department, the retailer or the mail carrier—and those reports aren’t tallied centrally. But according to research from video-doorbell company Ring, 19% of U.S. households had a package stolen at some point in 2017 with an average value of $140 per package. Nextdoor, a social-networking app for neighborhoods, says user comments about package theft spiked 85% between July 18 and 20 last year, the main delivery period for Prime Day packages.“Criminals know about Prime Day—everyone has access to the internet these days,” said James Crecco, a police captain in Jersey City, New Jersey.The police department in Jersey City partnered with Amazon in December to run a sting operation and track down package thieves after hearing from a swelling number of victims of porch piracy. Within just seven minutes of placing the first package, officers made an arrest and ultimately caught 23 robbers over an 11-day period. The department has been thinking about implementing a similar plan in the days following Prime Day, though Crecco said it was waiting to see if Amazon would partner again before renewing the program.Of course, on-the-porch delivery isn’t a new phenomenon in the U.S., with Montgomery Ward launching its dry goods mail-order business while Ulysses S. Grant was president and Sears, Roebuck and Co.’s iconic catalog serving as America’s consumer bible for a century. But the proliferation of e-commerce brought delivery of goods—and chances to pilfer them—to a whole new level. E-commerce accounted for more than 10% of all retail and food service sales in the first quarter, up from about 3% in 1999, according to the Commerce Department. Orders come in all year long, especially as grocery delivery expands, but they’re concentrated around big shopping events. During last year’s Prime Day, members bought more than 100 million products. Amazon has expanded this year’s extravaganza to 48 hours from 36 last year, with Coresight Research forecasting Amazon raking in $5.8 billion globally in sales, up from an estimated $3.9 billion in 2018.“Criminals know about Prime Day—everyone has access to the internet these days.”And that’s just the orders placed on Amazon itself. With rivals from Target Corp. to one-time mail-order king Sears itself leaning into the event, logistics providers will be extra busy in the coming days.The growth of porch piracy has led a number of states, including California, South Carolina, Michigan and New Jersey, to propose bills for stricter penalties for package thieves. In Texas, the problem became so prevalent that state representatives formed a mail theft task force in 2017 and have since passed legislation that makes certain degrees of package theft a felony. Related: Amazon Workers Plan Prime Day Strike at Minnesota WarehouseWhen packages do go missing, most major mail carriers agree to be liable for about $100, leaving the retailer to refund the remaining dollar amount or send a new item. Accenture finds that 70% of consumers won’t return to an online store after a bad delivery experience, which has retailers putting more pressure on logistics companies to give customers what they want, including tracking and delivery flexibility to ensure their wares arrive unscathed.When online shopping first became popular, the “focus was on price, then it became on free shipping, then fast shipping and now consumer-controlled shipping that can be altered until 10 minutes before the package arrives,” Accenture’s Buhler said. The demand for control over delivery comes from concerns about theft combined with increased demand for convenience, he said.Theft's a pervasive problem, and retailers have tried a variety of deterrents but are still looking for the perfect solution. For instance, to attract grocery customers, Walmart Inc. is experimenting with staffers, sporting wearable cameras, arriving in company-owned cars to unpack food in customers’ kitchens. Others are trying to leave deliveries in shoppers’ garages or the trunks of their cars. But with each new test, questions linger about privacy and efficiency, plus one-off issues like escaping pets or malfunctioning apps that deny the employee entry.Amazon itself offers Amazon Lockers, keyless entry and click-and-collect “counters” to give buyers more ways to control how they receive their orders. Amazon Logistics also gives Prime members the opportunity to track the arrival of their packages in real time and to receive a photo of where the box was dropped, the company said. A spokeswoman declined to comment further or share company data on thefts. Rising fear about package theft has helped usher in a new industry altogether: porch security. Brad Ruffkess, a former Coca-Cola Co. employee, installed security cameras at his Atlanta home and watched two boxes get stolen off of his doorstep within weeks of each other in 2017. Frustrated by the limited protection options available, Ruffkess founded BoxLock Inc., a WiFi-connected lock that lets delivery drivers place packages in secure parcel boxes outside users’ homes.BoxLock launched on Prime Day last year and sold out within hours of being posted to the Amazon website, he said. Other innovations that seek to keep porch pirates from their loot include secure parcel mailboxes, in-home package drops, Nest and Ring cameras, and alternative delivery locations through programs like UPS My Choice.“There’s still a lot more innovation to come in package security as e-commerce continues to grow,” Buhler said. “When it gets up to 20% of total shopping and there are so many more packages on people’s doorsteps, we’ll see even more innovation in protecting deliveries.”Back in Jersey City, a booming waterfront metropolis just over the Hudson River from Manhattan, package theft is evenly distributed among high and lower-income neighborhoods, Captain Crecco said, calling it one of the “rare crimes that crosses every economic demographic.” The trick to stopping it is making sure it’s not so simple to pull off for minor criminals looking for a low-effort pull. “It’s easy and criminals aren’t looking for a lot of work,” he said.To contact the author of this story: Olivia Rockeman in New York at orockeman1@bloomberg.netTo contact the editor responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Lisa WolfsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Kamala Harris Raises Nearly $12 Million in 2Q: Campaign Update

    Kamala Harris Raises Nearly $12 Million in 2Q: Campaign Update

    (Bloomberg) -- California Senator Kamala Harris raised $11.8 million in the second quarter, putting her fifth in fundraising among 2020 Democratic presidential candidates who filed campaign finance reports with the Federal Election Commission on Monday.Harris reported that 45 percent of her contributions came from low-dollar donors of $200 or less, and she spent $7.4 million during the quarter, leaving her $13.3 million cash on hand as of the end of June, according to her filing.South Bend, Indiana, Mayor Pete Buttigieg is the surprise leader with $24.9 million after beginning his campaign with little name recognition, followed by former Vice President Joe Biden, Massachusetts Senator Elizabeth Warren and Vermont Senator Bernie Sanders.The California senator’s campaign said it had raised $2 million after her appearance in the Democratic debate on June 27, when she challenged Biden over his record on school desegregation as a Delaware senator in the 1970s. Her campaign said she raised $3.2 million in the final three days of the quarter.Biden’s Fundraising Haul Trails Only Buttigieg’sFormer Vice President Joe Biden raised $22 million in his first two months in the 2020 Democratic presidential race, lagging the $24.9 million in second-quarter fundraising reported by upstart South Bend, Indiana Mayor Peter Buttigieg.Biden’s report with the Federal Election Commission showed that 38% of his contributions came from small-dollar donors of $200 or less. The frontrunner raised more money per day than any rival, his campaign said when it announced his fundraising numbers July 3. He spent about half of his contributions -- leaving him with $10.9 million cash on hand at the end of June, according to his FEC report.Biden, who kicked off his campaign on April 25, didn’t take any contributions toward the general election -- which campaigns can accept and hold in reserve, according to his campaign. He also reported contribution refunds of more than $540,000.Big Donors Help Fuel Trump Second-Quarter Fundraising SurgePresident Donald Trump’s campaign and joint fundraising committees reported raising a total of $68 million in the second quarter, and ended June with $80.2 million in the bank, as bigger donations began to supplant Trump’s small-dollar support, according to their filings with the Federal Election Commission.Grassroots donors, those contributing $200 or less, supplied 35% of Trump’s haul, down from 56% in January-March. Small-dollar donations totaled $23.7 million to the three committees, with the bulk, $19.5 million, received by Trump Make America Great Again Committee, which benefits the president’s campaign and the Republican party.The $108 million figure reported earlier Monday included money raised by the Republican National Committee, which doesn’t report its fundraising to the FEC until Saturday.Trump Victory, which focuses on big donors, raised $29.1 million, just shy of $30.2 million Trump MAGA tallied. Joseph Nakash, chief executive officer and co-founder of Jordache Enterprises, donated $250,000, the biggest political contribution he’s made and his first to Trump. Billionaire Phil Ruffin gave $255,200 while his wife, Oleksandra Nikolyenko-Ruffin, gave $244,800. Marvel Entertainment chairman Isaac Perlmutter and his wife, Laura, each gave $360,000.Longtime GOP donors supported Trump as well. Roofing supply billionaire Diane Hendricks gave $360,000 as did Marlene Ricketts, wife of TD Ameritrade founder Joe Ricketts. Trump’s first pick to head the Small Business Administration, Linda McMahon, gave the same amount, as did Robert “Woody” Johnson IV, the current U.S. ambassador to the U.K.Some of that money was earmarked for the Republican National Committee. The RNC announced it raised $51.3 million.Buttigieg Money Haul in Second Quarter Tops Democratic RivalsPete Buttigieg raised $24.9 million in the second quarter, the most of any candidate who has announced fund-raising totals for the period, and had $22.7 million cash on hand as of June 30 to cement his status as a top-tier 2020 Democratic presidential candidate.The fundraising haul more than tripled the amount the mayor of South Bend, Indiana, raised in the first quarter, in which he reported $7.4 million in campaign donations, according to his finance report filed Monday with the Federal Election Commission.Buttigieg’s campaign held 70 fundraisers in the second quarter, most of which focused on high-dollar donors. But he also staged events catered to grassroots supporters and generated 44 percent of his total contributions from small-dollar donors of $200 or less, according to his reportHollywood Women Donate to Warren Who Swears Off Big DonorsElizabeth Warren is attracting a host of big names in Hollywood -- even though she swore off taking money from big donors.Entertainers Jane Fonda, Scarlett Johanssen, Bette Midler and Barbra Streisandeach gave the Massachusetts senator $2,800 -- the maximum amount a donor can give to a primary campaign. Comedian Amy Schumer gave $5,600, including an additional $2,800 for the general election, should Warren win the nomination. Prolific Democratic bundler Jeffrey Katzenberg of Dreamworks Animation and his wife Marilyn Katzenberg each gave Warren got $2,800 checks.Still, small-dollar donors, those giving $200 or less, fueled 67% of Warren’s fundraising. That was just behind Vermont Senator Bernie Sanders, who got 70% of his haul from grassroots donors in the second quarter.Beto O’Rourke’s Fundraising Collapses as Poll Numbers RecedeFormer Texas Representative Beto O’Rourke’s fundraising dwindled to $3.6 million in the second quarter from $9.4 million in the early days of his presidential run, his campaign said, when he seemed like a rising star.Unlike other top 2020 Democratic presidential contenders, O’Rourke waited until Monday’s filing deadline to disclose his figures -- fueling speculation that the numbers wouldn’t be good. South Bend, Indiana, Mayor Pete Buttigieg and former Vice President Joe Biden reported early second-quarter fundraising totals of $24.8 million and $21.5 million, respectively.O’Rourke’s campaign said he received 119,888 donations with an average contribution of $30. He has met the 130,000 unique donor requirement for the fall primary debates set by the Democratic National Committee. However, his poll numbers dropped before and after a shaky performance in the June 26 debate and stand at less than 3% in recent surveys compiled by RealClearPolitics.Sanders’ Money Haul Slips in June, Claims He Has ‘More People’Senator Bernie Sanders had $27.3 million cash on hand at the end of June after raising $18 million for his Democratic presidential bid in the second quarter, slipping to fourth place from his perch as the biggest fund raiser among the 2020 contenders, according to totals the candidates have announced and campaign reports.The Vermont senator got almost 70 percent of his contributions from small-dollar donors of $200 or less, according to his report filed Monday with the Federal Election Commission, and almost all of the contributors gave $100 or less, his campaign said. Sanders also transferred $6 million from other accounts during the period.Sanders’s total roughly matched what he took in between January 1 and March 31, which had him leading the pack of Democratic candidates then in the race. But this time he’s trailing Pete Buttigieg, the mayor of South Bend, Indiana, former Vice President Joe Biden and Massachusetts Senator Elizabeth Warren.Sanders’s campaign sought Monday to differentiate his fundraising from that of his rivals, saying in an email to supporters that he’s backed by contributors that are teachers, students and workers at Walmart, while other Democrats are being funded by pharmaceutical executives, lobbyists, hedge-fund managers and “many of the people we are fighting against.”“The truth is, those folks out-raised us by a bit this time around,” the campaign said in the email. “But there’s a limit to the number of rich folks out there who can give large donations to beat us. They may have the big checks, but we have more people.”Warren’s Second Quarter Fundraising Puts Her in Third PlaceElizabeth Warren raised $19.1 million in the second quarter, putting her in third place behind Pete Buttigieg and Joe Biden among 2020 Democratic presidential candidates, according to totals the candidates have announced and campaign reports filed so far.Warren, who spent $10.5 million in the quarter, still had $19.8 million cash on hand as of June 30. Warren’s second-quarter funds came from 384,000 people, 67% of whom were small-dollar donors of $200 or less, according to her campaign and filing with the Federal Election Commission. Her fundraising surged from the $6 million the Massachusetts senator raised in the first quarter, when she spent $5.2 million.The senator’s intake compared with the surprise $24.8 million haul by Buttigieg, the South Bend, Indiana, mayor who began his campaign with little name recognition. Biden, the former vice president, raised $21.5 million since entering the race in late April.Biden Leads Close Contest in New HampshireA 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 PagerO’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 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: Mark Niquette in Columbus at mniquette@bloomberg.net;Bill Allison in Washington DC at ballison14@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, Sara Forden, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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