|Bid||117.44 x 800|
|Ask||117.54 x 800|
|Day's Range||116.95 - 118.19|
|52 Week Range||85.78 - 118.19|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||26.56|
|Earnings Date||Nov 14, 2019|
|Forward Dividend & Yield||2.12 (1.81%)|
|1y Target Est||118.67|
Dow Jones giant Walmart and Lululemon Athletica are in buy zones, while TJX, eBay and Zumiez are just below buys as retail stocks lead.
The chef behind Beckett’s Table and Southern Rail is using only ingredients purchased at Walmart for a new menu item.
Walmart is a retail titan taking the fight to Amazon. But earnings growth is tepid. The stock is hitting new highs, but is it a good buy?
A leading Indian trader body asked the government on Friday to ban upcoming festive sales on Amazon's local unit and its rival Flipkart, saying their deep discounts violate the country's foreign investment rules for online retail. The two e-commerce firms typically hold annual festive season sales ahead of key Hindu festivals Dussehra and Diwali, which are due this year in October, when Indians make big ticket purchases such as cars and gold jewellery. Walmart-owned Flipkart's six-day sale begins Sept. 29, while Amazon is yet to announce dates.
Two weeks ago, Walmart (NYSE:WMT) sued Tesla (NASDAQ:TSLA).Source: fotomak / Shutterstock.com The complaint, filed in New York state court, accuses Elon Musk's company of "widespread, systemic negligence" that caused Tesla's solar panel systems to spark fires at "no fewer than seven Walmart stores."The lawsuit may not inflict much direct economic harm on Tesla, but the company's reputation could suffer a serious blow from the fact that its giant corporate customers are litigating and griping.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShortly after Walmart filed suit, for example, Amazon (NASDAQ:AMZN) complained that a blaze on the roof of one of its Southern California warehouses also involved a Tesla solar panel system. Tesla called it "an isolated incident."Unfortunately for Tesla, these "isolated incidents" are piling up like kindling around a funeral pyre. Tesla's Trouble Could Benefit SunPowerAccording to the Better Business Bureau, Tesla takes the grand prize for most customer complaints per solar megawatt installed. During the last year, the Bureau received an average of 20 customer complaints per 10 megawatts of solar capacity installed by Tesla. * 7 Discount Retail Stocks to Buy for a Recession That number of complaints was more than seven times the number of complaints about SunPower (NASDAQ:SPWR).Not surprisingly, as customer lawsuits and complaints accumulate around Tesla, its growth trajectory is atrophying. Even prior to the Walmart lawsuit, Tesla's solar operations had been losing market share and gaining negative press. In fact, Tesla's solar installations have been trending lower for several years, even though the total volume of U.S. solar installations has been growing.Meanwhile, the company's more well-known electric vehicle business is also facing a series of setbacks and skeptics. Tesla stock is down 35.1% over the past two years.Against this backdrop of dwindling installations, the Walmart lawsuit is unwelcome news for Tesla. Walmart has been a major customer. It has leased roof space at 240 stores to Tesla to install and operate solar systems.Clearly, Tesla will not be signing up a 241st Walmart rooftop any time soon. On the contrary, Walmart is already signing new installation agreements with alternative solar system providers … including SunPower.I recommended SunPower stock to my subscribers in the July issue of my newsletter, Fry's Investment Report -- and those shares have already made peak gains of better than 30%.It is probably no coincidence that Walmart struck a new installation contract with SPWR stock last year, soon after Tesla's solar panels began detonating on the retailer's rooftops. Specifically, Walmart contracted with SunPower to install solar systems at 21 sites in Illinois -- 19 stores and two distribution centers.Contract "wins" like these are a big part of the reason why SunPower's solar deployments are ramping up so significantly. SunPower stock is already the No. 1 provider of solar systems to U.S. commercial and industrial customers like Walmart and Target (NYSE:TGT).In other words, Tesla's troubles in the solar industry can be nothing but good news for SPWR stock - and the Fry's Investment Report portfolio.Along with Tesla there are a lot of companies out there jumping on the solar bandwagon, and there is clearly a lot of investing potential here.The International Energy Agency (IEA) anticipates global spending on solar power to total $4 trillion over the next two decades -- or about $180 billion per year.But it's all about finding the right companies that offer significant long-term potential.That's why I've released an "all solar" edition of Fry's Investment Report.In it, besides SPWR stock, I share other recommendations to get investors in on this technology's profit ground floor. And I've packed it full of other research laying out my case for solar's blindingly bright future.To learn more, I strongly suggest you go here to find out how to join Fry's Investment Report.Eric Fry is a 30-year international finance expert, former hedge fund manager, and InvestorPlace's resident expert on global investment trends. He founded his own investment management firm and served as a partner several others. One of the few analysts who predicted the last big market crash, in 2007-'08, Eric showed his readers how to profit off of companies that eventually went bust. His readers could have walked away with gains like 1,415% on Countrywide Financial, 4,408% on Fannie Mae, and even 6,425% on Freddie Mac. With Fry's Investment Report, Eric's goal is to track the world's biggest macroeconomic and geopolitical events - and help investors make big gains from those emerging opportunities. Click here to learn more. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post What Happened After Walmart Sued Tesla appeared first on InvestorPlace.
The NFL kicked off its 100th season in less than spectacular fashion, with multiple blowouts and media reports of at least one team already tanking. The epicenter of that emptiness is in Florida, where all three NFL franchises — the Jacksonville Jaguars, Miami Dolphins and Tampa Bay Buccaneers — have struggled to fill their stadiums. The Tampa Bay Times’ Thomas Bassinger, noting that not even a pregame concert featuring Tim McGraw was enough to fill Raymond James Stadium for the Buccaneers’ opener, wrote, “Maybe the Bucs, not the Rays, should consider playing half their season in Montreal.” In Miami, the Dolphins’ announced attendance for its season opener was a sellout at just over 65,000 fans.
At the height of the so-called "Retail Apocalypse" in 2017, everyone was counting out big box retailer Target (NYSE:TGT). Its closest peer and biggest rival, Walmart (NYSE:WMT), had adjusted to e-commerce disruption by building out a robust online business and expanding its omni-channel capabilities. Target, quite simply, had not done any of that.Source: Robert Gregory Griffeth / Shutterstock.com The result? While Walmart was rattling off big comparable sales growth quarter after big comparable sales growth quarters that year, Target had a tough time just comping positive. Investors thought the writing was on the wall -- Target was doomed, thanks to e-commerce disruption. As such, in July 2017, TGT stock was a $50 stock trading at a dirt cheap 10x trailing earnings multiple, and coming off the heels of a 30% sell-off over the prior 52 weeks.How times have changed since then.InvestorPlace - Stock Market News, Stock Advice & Trading TipsToday, the retail apocalypse has turned into a retail recovery, and TGT stock is a $110 stock trading at a highly respectable 18x trailing earnings multiple, with an impressive trailing 52-week gain of nearly 25%.What happened? Over the past two years, Target has built out a robust online business. The Minneapolis company rapidly expanded its omni-channel capabilities. And, it dramatically refreshed its in-store presentations to be more tech-savvy.The result? Target has consequently rattled off nine consecutive quarters of positive comps, including decade-best traffic growth numbers over the past few quarters. This big growth streak has powered a huge rally in Target stock. * 7 Stocks to Buy In a Flat Market All of this should continue for the foreseeable future. Except for one part -- the huge rally. Put simply, TGT stock was dirt cheap two years ago. Today, it's fully valued. So, while healthy growth should persist, multiple expansion should not. Ultimately, valuation friction will likely limit further near-term upside in Target stock. Target will Continue Firing on all CylindersFrom where I sit, the fundamentals underlying TGT stock look really good. They broadly support the idea that positive comps, margin expansion, and healthy profit growth are here to stay for the foreseeable future.Starting at the top, the U.S. consumer remains healthy, supported by strong labor conditions (low unemployment and strong wage growth) and favorable spending conditions (low rates and more rate cuts on the way). Indeed, the U.S. and global economic environments appear to be improving, as evidenced by upward movement in Citi's Economic Surprise Index and a stabilizing global OECD leading indicator, respectively.Healthy economic conditions are keeping the U.S. retail sales environment similarly robust. Over the past three months, retail sales are up 3.2%. Within that strong U.S. retail sales environment, general big-box retailers like Target and Walmart are gaining share because they are expanding their product assortments and becoming all-in-one, one-stop-shops with unparalleled convenience.Further, within that expanding general big-box retail space, Target is the the cream of the crop. Sure, Walmart is bigger. But, Target is growing more quickly -- both online and offline -- and has been growing more quickly for seven straight quarters.Net net, Target is the hottest company in the hottest space in a stable growth U.S. retail market supported by healthy labor, economic, and spending conditions. Broadly, that means Target will continue to report solid numbers for the foreseeable future. Target Stock is Fully Valued for Big GrowthThe problem with Target stock is that it will likely lose its biggest driver: multiple expansion.Over the past two years, TGT stock has gained about 90%. During that stretch, Target's trailing price-to-earnings multiple has risen about 60%, while trailing EPS has risen about 30%. When it comes to the 90% gain in TGT stock over the past two years, two-thirds of that gain has been driven by multiple expansion.That multiple expansion probably won't persist going forward. At the current moment, Target stock trades at just under 18x forward earnings. That's above the market average forward earnings multiple of 17x. One could reasonably argue that TGT stock is actually due for some multiple compression over the next few years, edging back to a market multiple.Big picture, Target stock is no longer in a position to drive growth through multiple expansion. Instead, all growth going forward will be from earnings improvement. How much are earnings projected to rise? About 7% next year and 10% the year after that. Assuming multiple compression back toward the market multiple, then you're looking at potential gains in TGT stock over the next few years of about 7%-8%. * 10 Stocks to Sell in Market-Cursed September That's fine. But, not compelling. As such, at current levels, I think valuation friction ultimately limits near to medium-term upside in TGT stock. Bottom Line on TGT StockTarget is a great company, and TGT stock is a great holding. But, what I loved about Target stock back in mid-2017 -- an improving growth trajectory converging on a significantly discounted valuation -- no longer remains true today. Instead, what you have is a stable and healthy growth trajectory, coupled with an above-normal valuation.That's an okay combo. But not a great one. As such, I think the best of the TGT stock rally is in the rear-view mirror.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post After Retail Recovery, Beware Near-Term Valuation Friction on Target Stock appeared first on InvestorPlace.
She is one of eight people who will be recognized by the Puget Sound Business Journal at the third annual Director of the Year Gala on Sept. 12 at the Four Seasons Hotel in Seattle.
On Thursday, Kroger (KR) reported second quarter earnings before the opening bell and shares fell by as much as 3% in intraday trading.
Stocks traded higher again Wednesday with the Dow Jones Industrial Average positioned for a seventh consecutive winning day as the European Central Bank (ECB) delved further into easy monetary, and amid news that trade tensions between the U.S. and China continue to thaw.Source: ymgerman / Shutterstock.com Given President Donald Trump's Twitter (NYSE:TWTR) volatility, it's wise to approach good trade news with some caution, but over the course of this week, some green shoots have emerged.The White House pledge to push back some proposed tariffs on Chinese goods while China is promising to rollback some levies on U.S. imports in conjunction with upping purchases of American farm products.InvestorPlace - Stock Market News, Stock Advice & Trading TipsToday, reports emerged that the White House has discussed offering some form of a limited trade pact to China. Whether or not that agreement is accepted remains to be seen, but the overarching issue is that both sides, at least for now, are showing willingness to work on trade deals. * 10 Battered Tech Stocks to Buy Now In Europe, the ECB cut its benchmark lending rate to -0.5% and pledged to buy $22 billion worth of euro-denominated bonds per month.Those headlines got us to the Nasdaq Composite gaining 0.30% today while the S&P 500 jumped 0.29%. The Dow Jones Industrial Average tacked on 0.17%. In late trading, 23 of the 30 Dow stocks, one of the better ratios this week, were trading higher. First, the Bad NewsYes, there were some glum performances among Dow stocks today. For example, Caterpillar (NYSE:CAT) slipped about 1% after Wells Fargo downgraded the construction machinery maker to "market perform" from "outperform." The bank also pared its price target on that Dow stock to $143 from $150."U.S. construction equipment demand is at or near peak, which will put downward pressure on earnings power," said Wells Fargo.On a technical basis, Caterpillar recently bumped into some overhead resistance and looking at the chart, the shares look primed to pull back over the near-term.Speaking of analyst chatter hurting Dow stocks, Walgreens Boots Alliance (NASDAQ:WBA) was the worst-performing Dow stock today, sliding over 4% after Deutsche Bank analyst George Hill initiated coverage of the stock with a "sell" rating.Hill had a tepid take on Dow stock UnitedHealth (NYSE:UNH), starting coverage of that laggard with a "hold" rating. Shares of UNH also finished lower today. Bright Spots on the DowVisa (NYSE:V) was the best-performing Dow stock today, adding 1.71%. It looks like buyers stepped into the name after the shares pulled back following a record close last Friday. The stock had been nearly 4% over the past several days.Shares of Walmart (NYSE:WMT) added nearly 1% after the largest U.S. retailer unveiled an expansion to its grocery delivering service. Priced at $98 annually, or $82 less per year than the fee on Amazon Fresh.Whether its streaming entertainment or food delivery, pricing power matters. Companies that can offer it without disrupting the long case for their stocks usually get a boost from investors. Walmart plans to expand the new grocery delivery service to 200 metro areas across the country.Walt Disney (NYSE:DIS) bounced back today as some of the concerns about Apple's (NASDAQ:AAPL) streaming effort ebbed.Disney has its own streaming plans, Disney +, and Credit Suisse says that if that offering can attract 10 million subscribers by the end of this year, that could bring double-digit upside for the stock. DJIA Bottom LineCentral banks around the world are acting to prop up economies that are in far worse shape than the U.S., and it's likely the Federal Reserve will follow suit to avoid having to act when it's too late.In comments made in Chicago today, former Federal Reserve Chair Janet Yellen affirmed that the Fed stands at the ready to shore up the world's largest economy, which she still views as solid. However, she doesn't believe the central bank will follow the ECB playbook of negative rates.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Dow Jones Today: Maybe We're Getting Somewhere appeared first on InvestorPlace.
Kroger earnings beat Q2 views, but sales missed and guidance was weak. Kroger stock was volatile. Walmart expanded its "unlimited" grocery delivery offer.
The leaders of 145 companies on Thursday urged the U.S. Senate to require expanded background checks on gun sales and enact other laws aimed at preventing gun violence. In a letter to the Senate, the top executives of the companies said a gun violence epidemic in the country is now affecting their businesses and needs to be addressed.
A group of 21 Alabama hospitals, including UAB Health System affiliates Medical West and The Healthcare Authority for Baptist Health, Brookwood Baptist Medical Center, Princeton Baptist Medical Center, Walker Baptist Medical Center, Shelby Baptist Medical and Grandview Medical Center, has filed suit in Conecuh County Circuit Court against the manufacturers, distributors and retailers of opioid-based drugs. "Our hospitals, along with many others, have been on the front lines of treating patients for this epidemic and continue to incur significant financial harm and consequences as a result," a statement from Brookwood Baptist Health said. "These dollars were spent to the detriment of other health-related programs and benefits for the people in the community we serve." UAB and Grandview declined to comment further on pending litigation.
A man accused of gunning down people at a busy Walmart (WMT)in El Paso last month was indicted Thursday for capital murder, prosecutors announced. Patrick Crusius, 21, of Allen, Texas, was indicted in connection with the Aug. 3 mass shooting that left 22 dead, District Attorney Jaime Esparza said. El Paso prosecutors are seeking the death penalty for Crusius, who remains jailed without bond.
The deadly mass shooting at a Walmart Inc. El Paso store has sparked questions about the risk of violence at the nation’s brick-and-mortar retail locations, with one expert expressing confidence that there will be progress on safety measures, even if the move is minimal.
A letter signed by 145 CEOs from companies like Twitter, Levi Strauss and Uber called on the Senate to pass a bill requiring background checks on all gun sales along with a “red flag” law allowing officers to take away guns from people they see as threats. Texas Senator Ted Cruz basically told them to stay in their lanes.
(Bloomberg Opinion) -- California’s State Assembly has just passed a bill aimed at forcing Uber, Lyft and other so-called gig-economy companies to treat their workers as employees rather than as independent contractors. Uber, for example, has long argued that its drivers weren’t actually employees, labeling them “driver-partners.” But the California Legislature didn’t buy that argument. The new law stipulates that companies can only contract out tasks that are “outside the usual course” of the company’s business, and that contractors must be “free from the control and direction” of the company. Any workers who aren’t contractors must receive benefits, like health insurance and paid time off.Some expect the new law to lay waste to the gig-economy business model. California is a huge, important market — some estimate that the change could cost Uber as much as $500 million a year. And there’s the chance that other states will follow California’s lead. Uber immediately denied that the ruling applied to it, saying that drivers weren’t part of its usual business, but the argument seems unlikely to hold up in court.But the truth is that gig-economy business models weren’t looking very healthy anyway. Although it isn’t unusual for a company to record losses before going public, Uber and Lyft’s losses were unusually large:Uber continues to be a cash-burning machine. In the second quarter of 2019, partly because of costs associated with going public in May, it had a net loss of $5.2 billion — more than 10 times the highest estimates for what the new California law could cost it. But even in a normal quarter, the company’s losses are on the order of more than a half-billion dollars, and it has never made an operating profit.These huge losses could be justified if the company were expanding rapidly, but although it continues to book more rides, its revenue is barely rising:Lyft is also losing money. Fundamentally, if these companies can’t grow their way out of losses, their business model is doomed, whether their drivers are treated as employees or not. In its IPO prospectus, Uber warned that it may never achieve profitability. New laws like California’s might allow gig-company founders a face-saving way to claim that it was regulation that killed them, not the bleak unit economics of the basic business model. But the truth is that any business that could only stay afloat by giving its workers fewer benefits than Walmart or McDonald’s probably wasn’t long for this world in any case.The importance of California’s new law could go far beyond the gig economy. It could represent the first real attempt to address the rise of contracting and outsourcing in general — what some call the fragmented workplace.The gig economy is a tiny portion of the U.S. labor market. And the number of independent contractors(1) has actually shrunk a bit in recent years. But together with so-called diversified workers, who have a variety of income sources, these contingent workers number in the tens of millions:The rise of contingent-work arrangements isn't some dramatic recent trend, and it might figure in the decline in labor’s share of national income and the failure of compensation to keep pace with productivity.California’s new law could therefore open the door to a more comprehensive attack on inequality and wage stagnation. Forcing companies to do more for contractors could be one part of a strategy to redistribute corporate income toward workers.Even more intriguing is if it marks the first step toward a comprehensive offensive against outsourcing itself. Outsourcing goes way beyond the use of freelancers or independent contractors; companies now regularly contract out many of their business functions. This can make it easier for employers to evade regulations: If one fly-by-night contractor is punished for mistreating its workers and folds, three more equally shady companies may stand ready to take its place.California’s law could signal that state legislatures are more interested in restraining not just the gig economy or the use of independent contractors, but the rise of contracting in general. If so, it may prove much more important than the relatively minor fight over Uber and Lyft drivers.(1) Disclosure: I am one of them.To contact the author of this story: Noah Smith at email@example.comTo contact the editor responsible for this story: James Greiff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Walmart is expanding its unlimited grocery delivery. Called "Delivery Unlimited," Walmart’s customers can opt to pay a yearly fee of $98, or a monthly fee of $12.95, to access unlimited grocery deliveries. Yahoo Finance's Myles Udland, Jen Rogers, Julia La Roche and Andy Serwer discuss.
Kroger shares seesawing after management said it would not reaffirm its 3 year profit forecast. Still, same-store sales beat estimates for the quarter on online growth.
Walmart is expanding its unlimited grocery delivery. Does the model sound familiar? Yahoo Finance's Julie Hyman, Adam Shapiro and Dan Roberts as well as Adam Johnson, publisher of Bullseye Brief discuss.