Wal-Mart Stores, Inc.NYSE
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  • Yesterday, 9:30 AM
    | Yesterday, 9:30 AM | 8 Comments
  • Yesterday, 4:34 AM
    • Wal-Mart (NYSE:WMT) is plowing $1.3B into Mexico to build new distribution centers and expand existing ones as investment in the country comes under the spotlight following the election of Donald Trump.
    • It will not result in "any jobs being moved from the U.S.," Wal-Mart spokeswoman Jo Warner confirmed. "The investment is funded by Walmex and is necessary for expansion of Wal-Mart's Mexican business."
    | Yesterday, 4:34 AM | 9 Comments
  • Mon, Dec. 5, 1:58 PM
    • Kroger (KR -1.3%), Target (TGT -1.2%) and Wal-Mart (WMT -1%) are all lower on the day after Amazon introduces its line-free Amazon Go concept in Seattle.
    • It's unclear how wide Amazon plans to go with the brick-and-mortar store chain which utilizes a grab-and-go experience for consumers with payments run through a combination of scanners, sensors, apps and AI.
    • In the initial phase, Amazon Go will feature ready-to-eat-meals as it jumps into a category that skirts close to the territory of Whole Foods Market (WFM), Chipotle (CMG +0.7%) and other fresh food sellers.
    • Previously: Amazon introduces new store concept with no checkout lines (Dec. 5)
    • Previously: Cowen and Company's bullish on Amazon Go (Dec. 5)
    | Mon, Dec. 5, 1:58 PM | 17 Comments
  • Fri, Dec. 2, 12:03 PM
    • An all-star team of business leaders has been named to an advisory board that will talk to Donald Trump during his administration.
    • The President's Strategic and Policy Forum will be chaired by Blackstone (NYSE:BX) CEO Stephen Schwarzman. Other members include General Motors (NYSE:GM) CEO Mary Barra, JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon, Wal-Mart (NYSE:WMT) CEO Doug McMillon, Disney (NYSE:DIS) CEO Bob Iger and former Boeing (NYSE:BA) CEO Jim McNerney.
    • The impressive list is a bit short of Silicon Valley leaders, while hedge fund managers are completely MIA.
    • The group is scheduled to meet for the first time in early February.
    | Fri, Dec. 2, 12:03 PM | 63 Comments
  • Thu, Dec. 1, 11:46 AM
    • November monthly performance was: +2.44%
    • AUM of $1.26B
    • 52-week performance vs. the S&P 500 is: +6%
    • $0.18 in dividends were paid in November
    • Top 10 Holdings as of 10/31/2016: Exxon Mobil Corp (XOM): 5.06236%, AT&T Inc (T): 5.00966%, Verizon Communications Inc (VZ): 3.95123%, Chevron Corp (CVX): 3.90836%, General Electric Co (GE): 3.34327%, Procter & Gamble Co (PG): 3.22338%, Wal-Mart Stores Inc (WMT): 2.96781%, Philip Morris International Inc (PM): 2.82773%, Pfizer Inc (PFE): 2.73807%, Merck & Co Inc (MRK): 2.31749%
    | Thu, Dec. 1, 11:46 AM
  • Tue, Nov. 29, 10:06 AM
    • Cyber Monday online sales increased 12.1% to $3.45B, according to an updated tally from Adobe.
    • Mobile spending was up 34% Y/Y to $1.07B to account for 31% of sales.
    • Conversion rates were highest for desktops at 6.3%, while smartphones (2.8%) and tablets (5.1%) were still above holiday averages.
    • Holiday shopping season sales through November 28 are up 7.6% to $39.97B.
    • The S&P Retail ETF (NYSEARCA:XRT) is up 1.81% over the last week to outpace broad market averages. The list of outperformers over the last week -- which factors in the pre-Thanksgiving buzz, Black Friday reports, and Cyber Monday numbers -- includes Target (NYSE:TGT), Wal-Mart (NYSE:WMT), Hasbro (NASDAQ:HAS), Mattel (NASDAQ:MAT), Staples (NASDAQ:SPLS), DSW (NYSE:DSW), Barnes & Noble (NYSE:BKS), Dollar Tree (NASDAQ:DLTR), Dollar General (NYSE:DG), Burlington Stores (NYSE:BURL), The Children's Place (NASDAQ:PLCE) and Best Buy (NYSE:BBY). An interesting sidenote is that all the retail names listed above topped the return of Amazon for the 5-session period.
    | Tue, Nov. 29, 10:06 AM | 14 Comments
  • Sun, Nov. 27, 7:11 PM
    • ShopperTrak reports a 1% drop in store visits during the two-day period covering Thanksgiving and Black Friday.
    • The slight dip in traffic was largely anticipated as e-commerce growth continues to soar. Online sales for the Black Friday to Thanksgiving time frame were up 17.7% to $5.27B, according to an estimate from Adobe.
    • The Super Bowl of online shopping starts at midnight. The National Retail Federation expects 122M Americans to shop online tomorrow on Cyber Monday vs. 121M last year.
    • Early analysis indicates that Wal-Mart (NYSE:WMT) through its Jet.com add-on and Target (NYSE:TGT) via hard-hitting promotions are significant players in keeping up with Amazon online this holiday season.
    • Previously: Black Friday wrap: Records fall, retail winners and losers (Nov. 25)
    | Sun, Nov. 27, 7:11 PM | 5 Comments
  • Fri, Nov. 25, 11:57 AM
    • KeyBanc calls Amazon (AMZN -0.1%) and Wal-Mart (WMT +0.7%) early winners of the Black Friday shopping period based on channel checks.
    • The investment firm confirms other reports that mall traffic is light. Within the mall sector, Lululemon (LULU +0.2%), Victoria's Secret (NYSE:LB) and Gaps (GPS -1.4%) are called outperformers - while concerns are raised over Buckle (BKE +0.6%) and Vera Bradley (VRA +0.8%).
    • Cowen also sees Wal-Mart as a winner. Pink (LB) and American Eagle Outfitters (AEO +0.2%) are also doing wel, according to analyst Olivia Chen.
    • MKM Partners has an eye on margins. The combination of "virtually all" retailers offering broad discounts on store assortment and a low level of inventory heading into the shopping period is striking.
    • FBR Capital reiterates the broad theme that online sales are diluting Black Friday store traffic. Despite the overhang - Carter's (CRI +0.2%), Hanesbrands (HBI -0.3%), Chico's (CHS +0.7%) and Children's Place (PLCE +1.3%) are called out by FBR as standouts.
    • #BlackFriday
    | Fri, Nov. 25, 11:57 AM | 11 Comments
  • Fri, Nov. 25, 10:47 AM
    • Piper Jaffray thinks holiday toy sales will be "back-end loaded" this year as e-commerce continues to play a bigger role.
    • The investment firm reels in its forecast for year-over-year seasonal growth to 4% to 5% against a tough comparison to last year's Star Wars-infused holiday.
    • Some reads on e-commerce toy sales have arrived more encouraging than the anecdotal Black Friday store checks by firms like PJ. Overall YTD toy sales are up +6%, according to NPD Group.
    • The pace of holiday toy sales is still something to watch for investors of Mattel (NASDAQ:MAT), Hasbro (NASDAQ:HAS), JAAKS Pacific (NASDAQ:JAKK) - but if you're long Spin Master Corp (OTC:SNMSF) it's already shaping up as a great holiday season. Intense demand for Hatchimals has Spin Master trading at an all-time high on the Toronto exchange. Shares are up 74% YTD. This Google Trends chart of searches for "Hatchimal" explains it all.
    • What's a Hatchimal? The official Hatchimal website offers the best display of the innovative toy. Big sellers of the coveted $60 toy include Wal-Mart (WMT +0.7%), Target (TGT +0.6%) and Toys "R" Us.
    • #BlackFriday
    | Fri, Nov. 25, 10:47 AM
  • Wed, Nov. 23, 4:42 PM
    • Wal-Mart (NYSE:WMT) intentionally failed to pay the minimum wage to more than 800 truck drivers in California, a federal jury decides, awarding the drivers $54M in damages and opening up the company to civil penalties.
    • The jury returned the verdict in a lawsuit accusing WMT of not properly paying drivers in accordance with California law for activities that included inspecting and washing their trucks and for layovers.
    • WMT argued that the drivers are paid for activities that include those tasks and that they are not working during layovers.
    | Wed, Nov. 23, 4:42 PM | 12 Comments
  • Wed, Nov. 23, 4:48 AM
    • If you use aloe vera gel from Walmart (NYSE:WMT), Target (NYSE:TGT) or CVS, you might be soothing burns with sugar rather than extract from a plant.
    • According to Bloomberg, multiple lab tests of the retailer's store-brand gel showed no traces of aloe vera, even though it's listed as the first or second ingredient in every case.
    • How could this happen? The FDA doesn't approve cosmetics before they hit store shelves, so it's up to suppliers to make good on their promises.
    | Wed, Nov. 23, 4:48 AM | 20 Comments
  • Tue, Nov. 22, 10:01 AM
    • Dollar Tree (NASDAQ:DLTR) is up 11% after delivering a solid quarter that included an increase in Family Dollar acquisition benefits.
    • Burlingon Stores (NYSE:BURL) races 15% higher after its Q3 results topped expectations.
    • DSW (DSW +7.5%) and Chico's (CHS +7.3%) also turned in solid reports to round out the good cheer in the sector.
    • Other retailers on the move include Dollar General (DG +3.1%), Big Lots (BIG +3.8%), Ollie's Bargain Outlet Holdings (OLLI +1.9%), American Eagle Outfitters (AEO +3.5%), Five Below (FIVE +2.8%), and Fred's (FRED +1.8%).
    • Even the bigger chains are bringing in buyers, with Target (TGT +1.3%), Wal-Mart (WMT +1.5%), Staples (SPLS +1.8%) and Office Depot (ODP +3.2%) all ahead of broad market averages.
    • The general theme in the retail sector today is margin improvement as some merchandise and operational costs were shown to have been reeled in to improve profitability.
    | Tue, Nov. 22, 10:01 AM | 2 Comments
  • Mon, Nov. 21, 2:42 AM
    • Lights on houses and Santas in malls are no longer the only parts of the holiday season that are popping up earlier, Walmart (NYSE:WMT) is following other online retailers to start Cyber Monday two days earlier.
    • That means Wal-Mart's special web promotions will be available on Black Friday, merging the two biggest days of the year for internet and brick-and-mortar shopping.
    | Mon, Nov. 21, 2:42 AM | 3 Comments
  • Thu, Nov. 17, 10:47 AM
    • Wal-Mart (WMT -4.2%) is down sharply after Q3 earnings results disappointed investors, but several analysts think the company is setting itself up strategically for gains down the road.
    • Conlumino to Retail Dive: "We take the view that profitability decline is a necessary evil over the short term if it allows Wal-Mart to retain its retail prominence."
    • Moody's: "The focus on improving working capital is generating increasing levels of cash flow, with almost $20 million for the first nine months, and despite Wal-Mart’s myriad price reductions on top of a heavily-promotional quarter in many product categories, gross margin actually expanded by almost 50 basis points."
    • Buckingham Research: "We view the same-store sales growth as evidence that Wal-Mart’s investment in labor, e-commerce and marketing its value message are working. However, some investors may be disappointed that traffic and comps decelerated slightly” from last quarter."
    • Guggenheim Securities to CNBC: "Traffic was positive this quarter again, up 70 basis points, and in retail that's just one of the biggest and strongest metrics that you need to have positive."
    • Wal-Mart trades at its lowest level since the middle part of October.
    • Previously: Wal-Mart beats by $0.02, misses on revenue (Nov. 17)
    • Previously: Wal-Mart lifts bottom end of profit guidance (Nov. 17)
    | Thu, Nov. 17, 10:47 AM | 10 Comments
  • Thu, Nov. 17, 7:14 AM
    • Wal-Mart (NYSE:WMT) reports U.S. comparable-store sales increased 1.2% in FQ3. Traffic rose 0.7% during the quarter.
    • Neighborhood Market comp +5.2%. E-commerce comparable sales +20.6%.
    • Total operating income fell 10.4% Y/Y to $5.275B as labor and tech investments factored in.
    • International sales -4.8% Y/Y to $28.4B (+2.4% ex-F/X). Operating income +1.2% to $1.354B (+11.2% ex-F/X).
    • Revenue at Sam's Club +1.1% to $14.236B. Traffic was -0.5%. Operating income -27% to $396M.
    • Guidance: The company expects FY17 EPS of $4.20 to $4.35 vs. $4.15 to $4.35 prior. Q4 same-store sales growth of +1.0% to +1.5% anticipated.
    • Previously: Wal-Mart beats by $0.02, misses on revenue (Nov. 17)
    • WMT-1.81% premarket to $70.10.
    | Thu, Nov. 17, 7:14 AM | 2 Comments
  • Thu, Nov. 17, 7:03 AM
    • Wal-Mart (NYSE:WMT): Q3 EPS of $0.98 beats by $0.02.
    • Revenue of $118.2B (+0.7% Y/Y) misses by $490M.
    • Shares -0.6% PM.
    • Press Release
    | Thu, Nov. 17, 7:03 AM | 11 Comments