|Bid||99.26 x 900|
|Ask||99.27 x 1100|
|Day's Range||98.88 - 99.55|
|52 Week Range||81.78 - 106.21|
|Beta (3Y Monthly)||0.64|
|PE Ratio (TTM)||43.86|
|Earnings Date||May 16, 2019|
|Forward Dividend & Yield||2.12 (2.13%)|
|1y Target Est||109.07|
Amazon accounts for half of 2018's retail growth, according to a Wells Fargo note. The ecommerce giant also surpassed Walmart to become the top seller in footwear and apparel. Money Map Press Chief Technical Strategist DR Barton joins Yahoo Finance's Jackie DeAngelis.
Yahoo Finance's Adam Shapiro and Julie Hyman preview Andy Sewer's exclusive interview with Berkshire Hathaway Chairman & CEO Warren Buffett.
Kroger (KR) inks deal with Peak Rock to sell the Turkey Hill business as part of its efforts to trim its non-grocery offerings.
An article argues that Disney, Walmart, or even AT&T would be ideal buyers of the streaming video pioneer. Don't wait up for the wedding invitation.
In response to the floods that have impacted midwestern states including Iowa and Nebraska, Walmart, Sam’s Club and the Walmart Foundation have committed to provide $100,000 in support through cash and product donations. The commitment includes $50,000 in product donations to organizations providing support to impacted areas, and cash commitments of $50,000 to the Red Cross and United Way, which are providing relief services to affected communities. As part of this commitment, Walmart is also working closely with local officials and government entities to help meet the needs of those affected.
A kit designed to help families who choose cloth diapers over disposables is now on the shelves at select Walmart stores. The Elemental Joy Cloth Diaper Kit, from St. Louis-based Cotton Babies, Inc., includes 12 reusable cotton cloth diapers, six diaper covers and one cloth diaper wet bag inside a reusable bucket that is designed to function as a diaper pail. The retail price is $65. Jennifer Labit, Cotton Babies CEO, said she founded the company because money was tight when her first baby was born and using cloth diapers given to her by a friend meant she didn’t have to choose between buying groceries and disposable diapers. Cotton Babies also produces the brands bumGenius, Flip and Econobum.
A Look at Amazon's Latest Moves to Refresh Its Strategy(Continued from Prior Part)Amazon is vying for an $800 billion opportunity Amazon (AMZN) is planning to set up a new grocery chain distinct from Whole Foods, according to a report from the Wall
Apple Is Tackling Its Challenges One by One(Continued from Prior Part)Apple reconfiguring iPhone business strategy in IndiaApple (AAPL) hired a former Nokia (NOK) executive to head up its India operations. Ashish Chowdhary, a former chief customer
When Amazon (NASDAQ:AMZN) bought Whole Foods Market about a year ago, the major grocery chains shuttered in disbelief and their stocks retreated. After all, when AMZN sets its sights on you, the results are usually not too good.Source: Shutterstock And over the last year or so, many grocery chains have had to fight hard to keep their sales growing as their margins continue to collapse. * Top 7 Service Sector Stocks That Will Pay You to Own Them But it turns out that Amazon isn't done hitting the grocery store chains where it hurts. In fact, it plans to squeeze them a bit more.Rumors and news have begun to swirl that Amazon is working not only on opening more physical grocery stores to serve as delivery bases, but that it's also working hard on entering one of the most profitable niches for grocery stores: health and beauty products.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's another example of how AMZN plans to dominate all the parts of the retail landscape. For the grocery stocks, it's another cautionary tale. Whole Foods Was a Big Win for AMZN StockTo realize how big of a threat that Amazon has become to the grocery players, just take a look at Kroger's (NYSE:KR) latest results. It spent a great deal of money to compete with AMZN on delivery and technology, badly hurting its overall fourth-quarter earnings. The problem for KR and other major grocery chains is that AMZN isn't done yet.Amazon's acquisition of Whole Foods turned out to be ingenious. For one thing, the deal has expanded Amazon's presence and delivery capabilities. There are roughly 479 Whole Foods stores that now can serve as warehouses for the same-day or next-day delivery of products. These stores are a major component of AMZN's Prime Pantry delivery service.And speaking of Prime, Whole Foods has provided another important advantage to Amazon: it's gotten more people to sign up for the company's Prime service. By offering some discounts at "Whole Paycheck" for Prime members, AMZN has made Prime more enticing. That's important, since once consumers are in the retailer's ecosystem, they purchase more goods from it. The average Prime member spends roughly $1,400 per year on Amazon. Customers who aren't Prime members only spend an average of $600 per year. Amazon Ups Its Grocery GameThe problem for Amazon is that Whole Foods only accounts for 2.5% of the total U.S. grocery market. And generally, it caters to a smaller and wealthier segment of the population than rivals like Walmart (NYSE:WMT) or Kroger.Naturally, Jeff Bezos isn't going to let that situation continue. AMZN is going to fight back.A new report in the Wall Street Journal shows that Amazon is planning to open a new chain of grocery stores that are different from Whole Foods.AMZN has already signed several leases for such stores in cities like Chicago, San Francisco, and Seattle. The stores won't be designed to compete with the upscale, organic-focused Whole Foods at all. The stores' product mix would be similar to that of a normal grocery store and feature a variety of products at low price points. Are you looking to find free-range Himalayan salt? Head to Whole Foods. Do you want to buy Doritos? Amazon's new store will have it.And AMZN has the ability to easily build up these operations. According to the Wall Street Journal, Amazon is targeting areas that have recently been built up and occupied stores with leases that are ending soon.So its new stores will be located in a variety of suburban strip malls, open-air shopping centers or even in malls where Sears stores used to be.Moreover, the report mentioned that these new stores will be about 35,000 square- feet- or about half the size of a typical grocery store- and use AMZN's data mining to determine the best product mix for the local market.Amazon's initiative will tremendously undermine the size and location competitive advantages that Kroger and other supermarket chains have in the grocery game. AMZN Ups Its Grocery Game AGAIN!But it turns out that Bezos is doing even more to advance Amazon's plans in the grocery space. The second part of the Journal's report stated that AMZN is looking to be flexible about what it can sell in these new locations. Sometimes leases prevent stores from competing with other retailers at the same strip mall or shopping plaza. But Amazon will not accept any such restrictions.According to sources quoted by The Journal, that's because AMZN is looking to have some of these stores focus on health and beauty items. Cosmetics and skin- and hair-care products carry very high margins and are the real profit drivers for grocery chains.In a previous column, I highlighted Amazon's ambitions in private-label products and the juicy margins that such products carry. Health and personal-care items are the best-selling category for AMZN online. Analysts at the research firm Ascential estimate that AMZN generates $5 billion of annual sales from such products. Amazon's new stores will both enhance its logistics operation, just like Whole Foods' stores have, and enable it to get more of those high-margin products into consumers' hands. Another Long-Term Win for AMZNAmazon continues to excel at developing its grocery business. The idea of it opening a new type of store across the country is very exciting indeed. The move will provide it with plenty of market data and the ability to attract more customers into its Prime system, while creating a new, same-day distribution network.That's all great for AMZN stock. It's not so great for KR or the other major grocery chains or for grocery stocks.In the end, the grocery chains will have to spend some serious coin to catch up with AMZN and keep it from eliminating whatever margins they have left. That doesn't provide me with a lot of confidence in grocery stocks going forward.At the time of writing, Aaron Levitt held a long position in AMZN stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post Amazon Keeps Hitting the Grocery Stocks appeared first on InvestorPlace.
Why Jeffrey Gundlach Thinks We're Still in a Bear Market“Highway to Hell” “Bond King” and DoubleLine founder Jeffrey Gundlach hosted a webcast called “Highway to Hell” on March 12. The title highlights the condition the US economy (SPY)
A temporary Piggly Wiggly sign is no longer hanging above the door on a storefront at a renovated Triad shopping center. Developer Shahzad Akbar told Triad Business Journal Tuesday that the Piggly Wiggly grocery store is still coming to Freeman Mill Square in Greensboro. TBJ broke the story about the Piggly Wiggly in January.
There's new and staggering data that support the fact that retailers should increasingly be scared of Amazon dominating e-commerce.
A Look at Amazon's Latest Moves to Refresh Its Strategy(Continued from Prior Part)Kiosks to pave the way for larger storesAmazon (AMZN) will shut down all of its 87 pop-up kiosks across the United States by the end of April. The pop-up kiosks that
A year ago I cautioned that although big-box retailer Target (NYSE:TGT) seemed to have all of the building blocks in place for a successful turnaround, the future was still unclear and therefore it wasn't quite time to buy.Source: Mike Mozart via Flickr (Modified)Over the past 12 months, the clouds have parted and TGT stock's future looks pretty solid. Not only that, but the firm's share price doesn't reflect the promising growth on the horizon and that makes now a great time to take a position on Target stock. Strategy Starting to Pay OffThe most important metric for retailers is comparable-store sales because strong comps suggest that the shop is holding on to existing consumers and attracting new customers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Small-Cap Stocks That Make the Grade For Target, same-store sales have been impressive for five consecutive quarters. In the most recent quarter comps were up 5% at Target with physical locations seeing 3.2% growth in same-store sales and digital sales up 36%. Target has struggled to keep up with peers like Walmart (NYSE:WMT) when it comes to building out an online presence, because the firm simply doesn't have the same size and reach that the discount superstore does. However, the firm has been focusing on productivity and efficiency and that strategy is starting to bear fruit.CEO Brian Cornell has focused on creating an omni-channel shopping experience that doesn't grow online sales at the expense of store traffic; that approach appears to be working. Target uses its existing locations as fulfillment centers which has allowed the firm to grow its Target.com business without jeopardizing sales at physical locations. Addressing ConcernsThings aren't all rosy for Target stock. The company took a hit on profitability in order to invest in its turnaround strategy. Gross margins in Q4 fell considerably from where they were a year earlier- but that's to be expected when you're building out an online presence. However, a temporary weakness in profitability in order to pave the way for long-term growth is a price worth paying.Another concern for investors has been Target's grocery business, which has struggled to compete against both Walmart and Amazon (NASDAQ:AMZN).Admittedly, the future of Target's grocery business is still murky. However, based on the company's success shifting its online strategy, I have faith that CEO Brian Cornell will implement a similarly air-tight plan to lift Target's grocery business in the years to come. Valuation and Target StockOne of the biggest reasons TGT stock should be on your watch list is the fact that the company isn't priced for a successful turnaround. At $76 per share the company's P/E ratio is significantly lower than the market average.Target trades at just 13 times its forward earnings, well below the S&P BMI consumer discretionary average of 20.65 times. Plus, Target offers a 3.3% dividend yield, which is above average for the sector. The Perfect StormTarget stock is in a sweet spot right now. The firm's turnaround looks to have firmly taken hold and although there are still obstacles to clear, the current environment is ideal for a retailer to pull off a strategy shift. However, the market isn't quite convinced yet and so TGT isn't priced to make a comeback. This is likely to be a strong year for Target, especially if its online business continues to turn in digital sales growth of 25% and higher.Investors are unlikely to cheer Target stock until profitability picks up significantly, but the most recent quarterly results suggested that the worst is over. Operating profits in the fourth quarter declined, but only because the previous year included an extra sales week. When you take away that advantage, margins were steady. In 2019, management foresees a modest increase in profits. The Bottom Line on Target StockTarget is ready to make a full fledged comeback and investors haven't jumped on the bandwagon just yet. Of course, there are still some kinks to be ironed out, but I'd say TGT is looking like a pretty good bet for 2019. As of this writing Laura Hoy was long AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Buy Target Stock to Ride the Coming Untapped Growth Wave appeared first on InvestorPlace.
Amazon Is Capitalizing on These Key Advantages(Continued from Prior Part)Mobile payment service for Mexico Amazon (AMZN) has teamed up with Mexico’s central bank to launch a new mobile payment service in the country, according to a report from
The world's largest retailer is making a growing bet on robots and artificial intelligence to gain a competitive edge.
The rating approach for securities backed by a single loan compares the credit risk inherent in the underlying collateral with the credit protection offered by the structure. The structure's credit enhancement is quantified by the maximum deterioration in property value that the securities are able to withstand under various stress scenarios without causing an increase in the expected loss for various rating levels.
General Mills (NASDAQ:GIS) reports its third-quarter 2019 earnings tomorrow after the markets close. The beleaguered packaged foods company has beaten analyst estimates in three out of the last four quarters. As a result, GIS stock is up 23% year to date through March 15 compared to a 13% gain by the S&P 500 index. So, the big question is whether General Mills can deliver another better-than-expected quarter?Here are three reasons why it just might come through.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Estimate for Q3 2019According to Zacks, General Mills is expected to deliver $4.18 billion in revenue in the third quarter, 7.6% higher than a year earlier; bottom-line earnings of 69 cents a share is the consensus, 12.7% lower than Q3 2018. * 15 Stocks That May Be Hurt by This Year's Big IPOs In last year's Q3 General Mills had been expected by analysts to deliver $3.78 billion in revenue and 78 cents in earnings. Sales came $100 million higher and profits that were a penny better than expected. In Q2 2019, General Mills had EPS of 85 cents, four cents higher than analyst expectations. The company's riding an earnings hot streak and it's reasonable to expect it to beat the odds again. The Positive Aspect of Its BusinessTwo years ago, I wrote that Blue Buffalo was one of the best stocks to buy for the next decade. My reasoning centered on the premise that people would continue to spend more on healthy foods, both for themselves and their pets. Growing its revenues at a healthy pace, the pet foods maker was a natural stock to own. General Mills wisely acquired Blue Buffalo for $8 billion in February 2018, paying a 23% premium. That was a bargain, if you ask me. "The addition of BLUE to our family of well-loved brands provides General Mills with the leading position in the large and growing Wholesome Natural pet food category and represents a significant milestone as we reshape our portfolio to drive additional growth and value creation for our shareholders," explained General Mills chairman and CEO Jeff Harmening in announcing the deal a year ago. As anyone who follows packaged goods knows, the cereal category is anything but healthy. The acquisition of Blue Buffalo gave General Mills' overall business a much needed shot in the arm. However, that hasn't been reflected in the GIS stock price, which is down 10% since the acquisition was announced. It Might Have Overpaid In the Short TermSome felt that General Mills overpaid for Blue Buffalo, paying 6.3 times sales, more than double the 2.5x sales that J.M. Smucker (NYSE:SJM) paid for Big Heart Pet Brands (Meow Mix, Milkbone, etc.) in 2015. I understand that sentiment. I'm generally not a fan of big acquisitions because they typically don't generate the synergies and savings projected nor do they provide the expected growth, either. However, in the case of General Mills, it had to do something because its cereal business was imploding, losing almost 3% growth in revenue over five years. Investors were avoiding GIS stock as a result. Now, it's got some momentum, and analysts are warming to General Mills stock. Deutsche Bank (NYSE:DB) analyst Rob Dickerson recently upgraded GIS to a buy and increased his 12-month target price by 26% to $54, 14% higher than where it's currently trading.Dickerson believes that investors aren't appropriately valuing Blue Buffalo given the growth it's delivering to General Mills' overall business. The company's introduced Blue Buffalo to Walmart (NYSE:WMT) and the brand's been well received by customers, giving the pet food manufacturer an additional revenue stream beyond pet specialty stores, etc. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% "Given we've watched base momentum stabilize and have better perspective on Blue Buffalo, we finally upgrade the shares to a buy, driven by an overly discounted valuation vis-a-vis go-forward growth potential relative to peers," Dickerson wrote in a note to clients on March 14. I couldn't have said it any better myself. Bottom Line on GIS StockBlue Buffalo is the real deal, and it's a big reason investors should consider adding GIS stock for their portfolios. Unless General Mills' earnings show further deterioration in its core business -- Cheerios, Haagen-Dazs, Pillsbury, Nature Valley, etc. -- or Blue Buffalo falters in some way, I don't think a 12% decline in earnings is anything to worry over.Sometimes, you have to take one step back to go two steps forward. Come Wednesday; I expect GIS to do just that. 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 * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Can General Mills Beat the Odds Again With Wednesday's Earnings Report? appeared first on InvestorPlace.
Should investors consider buying Microsoft (MSFT) stock at new all-time high as the company expands its cloud computing and IoT businesses, while maintaining its influence over the personal computer market?
Sainsbury's and Walmart's Asda will provide a more specific commitment to cut prices in response to a negative provisional view by Britain's competition watchdog of their proposed tie-up, the Financial Times (FT) reported on Monday. Britain's Competition and Markets Authority (CMA) dealt a potentially fatal blow to the deal last month, saying its initial view was that the proposed 7.3 billion pound ($9.7 billion) takeover of Asda by Britain's No. 2 supermarket group would be blocked without the sale of a large number of stores, or even one of the brands.
Amazon Is Capitalizing on These Key Advantages(Continued from Prior Part)Prime to reach over half of American households Amazon (AMZN) looks to be on track to reach a market penetration milestone with its Prime membership program this year. According
A Look at Amazon's Latest Moves to Refresh Its Strategy(Continued from Prior Part)Amazon drops suppliers amid anti-counterfeit push Last month, Amazon (AMZN) launched a new anti-counterfeit program called Project Zero. Under this program, Amazon
A Look at Amazon's Latest Moves to Refresh Its StrategyAmazon dropping controversial pricing policy Amazon (AMZN) is ending a policy that prohibits third-party merchants from selling their items at lower prices on other platforms than they do on its