Wal-Mart Stores, Inc.NYSE
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  • Yesterday, 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)
    | Yesterday, 1:58 PM | 13 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 | 59 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
  • Wed, Nov. 16, 5:30 PM
  • Wed, Nov. 16, 11:27 AM
    • Wal-Mart (WMT +0.4%) heads into its Q3 earnings release date with a bit of momentum. A generally rosy post-election view on the retail sector and Target's solid report have shares currently lingering around the $72 level, although they trail the returns of the S&P 500 Index and broad retail ETFs over the last week.
    • Analysts expect the company to report Q3 revenue of $118.6B and EPS of $0.96.
    • A key pullout from the report will be the impact from higher wages and tech spending on the bottom line. Q4 guidance is always crucial of course due to the holiday spending factor. Perhaps overlooked, Buckingham Research notes that Wal-Mart needs to show how it can replace high-margin "impulse" buys as more shoppers shift online.
    • WMT earnings are due out in the morning before the bell.
    | Wed, Nov. 16, 11:27 AM