|Bid||86.23 x 100|
|Ask||87.45 x 300|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||29.38|
|Earnings Date||Aug 16, 2018|
|Forward Dividend & Yield||2.08 (2.46%)|
|1y Target Est||95.12|
There’s a blind spot in U.S. regulators’ oversight of audit firms--and it could mean investors in companies like Walmart Inc., Pfizer Inc. and 3M Co. are vulnerable. Big Four accounting firms use their Chinese and Hong Kong affiliates to do significant work on the yearly audits of dozens of U.S. companies doing business in China, including Walmart, Pfizer and 3M, according to regulatory disclosures the auditors recently made for the first time.
Walmart Inc.’s CIO said the company’s new pact with Microsoft Corp. will allow the retailer to take advantage of Microsoft’s artificial intelligence and cloud capabilities as it competes in a rapidly changing market. “We’re always looking for new ways to innovate and compete in a dynamic environment,” enterprise CIO Clay Johnson said. The retailer, locked in a battle with e-commerce and technology powerhouse Amazon.com Inc., already uses Microsoft services for a number of applications, and now plans to deploy the company’s machine-learning, artificial-intelligence and other services to help employees, for example, pick products that go on shelves and optimize the performance of freezers and other equipment, the Journal’s Jay Greene and Sarah Nassauer reported.
One of the constants of 2018 has been Walmart (NYSE:WMT) and its determination to go on the offensive against Amazon (NASDAQ:AMZN). From ramping up its website to taking on Amazon’s Kindle eReaders and even considering an Amazon Go-like automated checkout system from Microsoft (NASDAQ:MSFT), Walmart is aggressively fighting back against the e-commerce behemoth. The latest news on that front has Walmart reportedly working to reposition its Vudu “video locker” service as an affordable video streaming service.
As Albertsons Cos. and Rite Aid head to an August vote over their planned merger, the message to investors is simple: size still matters. The deal, announced in February, would create a new retail giant valued at roughly $24 billion that would combine Albertsons' grocery operations with Rite Aid's pharmacy business. But with Rite Aid, investors expected to hold a roughly 29 percent stake in the new company, some have pushed back against the combination, pointing to Albertsons' burdensome debt-load and recent performance struggles.
The combination would create a new retail giant valued at roughly $24 billion. The companies think their combined size will make them more competitive against mega-giants Walmart and Amazon. As Albertsons Cos. and Rite Aid RAD head to an August vote over their planned merger, the message to investors is simple: size still matters.
Down the road, Arizona economic developers want the state to evolve into a globally recognized corporate technology hub. What it is currently, according to the Phoenix Business Journal’s list of the state’s largest employers, is a market dominated by state and local government jobs, as well as a global retail giant, health care and national banks that make up the bulk of the top 10. Only one tech company, Raytheon Missile Systems in Tucson, cracked that list of top 10 employers.
Trump signed an executive order creating the National Council for the American Worker, intended to beef up training and education for American workers.
The ratings on the P&I classes were affirmed because the ratings are consistent with Moody's expected loss. Moody's rating action reflects a base expected loss of 61.9% of the current pooled balance, compared to 51.6% at Moody's last review. Moody's base expected loss plus realized losses is now 13.8% of the original pooled balance, compared to 13.6% at the last review.
Promoting a robust economy, President Donald Trump pressed U.S. companies and trade associations on Thursday to enhance their job training programs as employers search for qualified skilled workers to fill vacancies. At an event in the East Room, Trump told corporate leaders and workers that the nation's students and workers need more opportunities to attain apprenticeships, vocational opportunities and job training. The president said nearly two dozen companies and trade organizations had agreed to sign a pledge to provide the training for their workforce during the next five years.
Even, which lets users get money earned before payday, works with Walmart to boost employee retention and productivity.
Pop culture collectibles brand Funko Inc (NASDAQ: FNKO )'s brand licensing and more prominent retail placement is positioning the toy company for upside, according to Piper Jaffray. The Analyst Piper ...
Walmart is planning to launch a subscription streaming service through Vudu, Variety reports. Sources told Variety that the service is set to be launched in the fourth quarter of 2018. If Walmart launches its own subscription video-on-demand service, it would further heat up the competition between the retail giant and Amazon.
By all rational measures, United Health (NYSE:UNH) produced a very solid performance for its second quarter fiscal 2018 earnings report. The country’s biggest health-insurance provider exceeded profitability expectations, while meeting the consensus target for revenues. While the “paper stats” were impressive – United Health hit an earnings per share of $3.14, up 3.2% from the $3.04 consensus target – Barron’s Teresa Rivas notes that much of the positive surprise boils down to non-operating factors.
Wal-Mart de Mexico's revenue is expected to rise 7.6 percent year-over-year in the second quarter, helped by strong consumption driven by the World Cup and local elections, according to a Reuters poll of analysts. Wal-Mart de México, known as Walmex, is expected to rake in total revenues of 146.1 billion pesos ($7.35 billion), according to the average estimate of eight specialists in the sector. Nevertheless, the company's net profit is expected to fall 42.1 percent due to a difficult comparison with the second quarter of 2017, when Walmex logged the sale of its Suburbia clothing stores, analysts said.
Walmart Inc.'s ( WMT) shares have been punished by investors in 2018, plunging nearly 26% from their January highs. Now, Walmart's stock is mounting a comeback. The shares have commenced a rebound from their lows in mid-May, and now options traders are aggressively increasing their bets that Walmart will rebound another 6.5%.
Netflix (NFLX) and Amazon (AMZN) are likely to face stiffer competition in the video streaming business. The leaders in video streaming are already bracing themselves for the likes of Disney (DIS), which is slated to launch its own streaming service next year, and Apple, which could launch its streaming service next year as well.
On Wednesday, there were murmurs that an activist investor might get involved in the Cigna (CI)/Express Scripts Holding (ESRX) merger, in which the health insurer plans to buy the pharmacy-benefits manager in a deal worth $54 billion. Leerink's Ana Gupte wades into the world of health-care mega-mergers today, noting that along with Cigna, UnitedHealth Group (UNH) also closed higher on the news yesterday. Gupte argues that while Amazon and Walmart may be able to "enter or deepen" their presence in the drug supply chain, "they would not be able to compete with sophisticated managed care companies such as UnitedHealth, Humana [HUM] and increasingly Anthem [ANTM] on integrated care delivery with coverage absent a substantial MCO acquisition." That said, she writes that Amazon or Walmart could facilitate cross-selling into prescription-drug benefits and increase store traffic by striking a deal with a managed-care organization.
Walmart Inc.’s employees have adopted money-management tools from Even Responsible Finance Inc. at a faster pace than anticipated, prompting a fresh round of funding to expand the fintech startup. More than 200,000 Walmart employees in the U.S. use Even’s app to manage their finances or access their wages early, the Oakland-based startup said in a statement Thursday, and almost half of that group employs it every day. “We’ve been very surprised by the uptake -- we anticipated that we would get to 200,000 by the end of the year,” Chief Executive Officer Jon Schlossberg said in an interview.
CNBC's Julia Boorstin reports on a growing group of companies interested in over-the-top streaming services including DC Universe, DAZN, and Walmart.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Honeywell reported second quarter adjusted earnings per share and revenue that beat Wall Street Expectations.
Thursday, July 19: New York state is investigating the Donald J. Trump Foundation over taxes; Facebook CEO Mark Zuckerberg apologizes for his comments about Holocaust deniers; Amazon shares numbers from another smash hit Prime Day. Yahoo Finance's Dan Roberts delivers today's business news.