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Wal-Mart Stores, Inc. (WMT)

  • Feb. 22, 2011, 12:05 AM
    Notable earnings before Tuesday's open: AEE, DSX, EXPD, FRO, FST, HD, HK, JASO, M, MDT, MHS, MPEL, NRG, ODP, PEG, RRD, TSL, VFC, WMT
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  • Feb. 17, 2011, 3:53 PM
    Forecasting apparel costs jumping 4%-6% in the first half and 13%-15% in the second half of the year, Citi lowers its 2011 estimates for mass merchants and department stores, including Wal-Mart (WMT +0.5%), Target (TGT -1%), Nordstrom (JWN -0.6%), J.C. Penney (JCP +0.5%) and Macy’s (M +0.4%). Cotton prices have surged above $2/pound.
  • Feb. 14, 2011, 9:54 AM
    African retailer Massmart (MMRTY.PK) says the South African competition commission recommended approval of Wal-Mart's (WMT -0.9%) proposed $2.4B offer to buy a controlling stake in the company, even as labor unions plan to protest against the deal in a final hearing. (previous)
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  • Feb. 14, 2011, 8:20 AM
    JPMorgan downgrades Wal-Mart (WMT -0.8%) to Neutral from Overweight, saying the firm's same-store sales deterioration "could be a secular problem that could last multiple years" and its response to niche grocers and dollar stores has been inadequate.
  • Feb. 9, 2011, 11:56 AM
    Point. Counterpoint: "Avoid emerging markets like the plague," says Charles de Vaulx, who is holding high levels of cash, but finding bargains in large cap U.S. stocks (large cap ETFs) and small cap Japanese listings (JSC JEQ).
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  • Feb. 8, 2011, 11:39 AM
    Apple (AAPL), via iTunes, is still dominating online movie sales, but iSuppli says it will have to deal with a fast-moving comer not even on the chart yet: Wal-Mart (WMT), which does massive physical sales ($3.5B in studio revenue last year) of DVDs and Blu-ray, and is transitioning to online. Slightly surprising No. 2: Microsoft (MSFT). (Netflix (NFLX) leads the subscription/rental model.)
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  • Feb. 8, 2011, 7:24 AM
    Shares of Big Lots (BIG) rose 15% yesterday on reports the company is exploring strategic options, including a possible sale. The discount retailer has been hurt by aggressive discounting by larger rivals like Wal-Mart (WMT) and Dollar General (DG).
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  • Feb. 2, 2011, 12:51 PM
    Massmart's (MMRTY.PK) $2.4B sale of a controlling stake to Wal-Mart (WMT) gets the conditional OK from a South African high court, leaving just a few hurdles left - though the tie-up still leaves the threat of boycotts. (previously)
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  • Jan. 31, 2011, 9:54 AM
    Disappointing December sales have forced Wal-Mart (WMT -1.3%) to take drastic steps to clear stores and warehouses of excess goods, according to NY Post. Wal-Mart is hitting up vendors for cash to offset the cost of markdowns in a bid to shore up Q4 earnings, the report says, and is canceling or asking for discounts on later orders until older stuff is sold.
  • Jan. 28, 2011, 3:23 PM
    Dividend hikes are a major reason for the Dow's flirtation with 12,000, and 24/7's Jon Ogg forecasts eight great dividend increases you could see later in 2011: AWK, CSCO, XOM, FDX, GE, HPQ, JPM, WMT.
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  • Jan. 26, 2011, 5:06 PM
    Following Target's (TGT) $1.83B takeover of Canadian retailer Zeller's, Wal-Mart (WMT) plans to invest $500M over the next year to open 40 super-center stores (combination of new stores and upgrades to existing). This will push WMT's store count north of the border to 333.
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  • Jan. 26, 2011, 11:55 AM
    Wal-Mart (WMT) and Carrefour (CRERY.PK) run afoul of China's inflation concern as the NDRC fines the retailers over misleading pricing. PetroChina (PTR) and China Petroleum (SNP) were in the NDRC's sites earlier, fined for selling diesel above state-set prices.
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  • Jan. 24, 2011, 9:18 AM
    Amazon (AMZN +0.4%) is testing a free grocery delivery service with apparent plans to expand it through the U.S. Amazon hopes to become the retailer of choice for household purchases, becoming a "virtual" Wal-Mart (WMT). The real Wal-Mart is already trying to fend off such a challenge with its own online strategy.
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  • Jan. 20, 2011, 8:47 AM
    Wal-Mart (WMT) plans to reformulate thousands of products to make them healthier, and will push its suppliers to do the same. Sources say first lady Michelle Obama will join Wal-Mart executives at an event today to launch the effort.
  • Jan. 18, 2011, 8:10 AM
    Wal-Mart's (WMT) $2.3B bid for Massmart (MMRTY.PK) is set to move ahead, after ~79% of Massmart shareholders approve the deal. Highly influential COSATU, S.Africa's largest labor union, warns it will organize the "mother of all boycotts" in opposition.
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  • Jan. 12, 2011, 8:15 AM
    Following on from Goldman's bullish call on stocks and the economy, its top picks for 2011 - a year it says will favor cyclicals: XOM, AAPL, GE, IBM, CVX, JPM, WFC, BAC, BRK.B and INTC. Should-avoids: MSFT, GOOG, PG, T, JNJ, KO, PFE, ORCL, WMT and MRK.
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Company Description
Wal-Mart Stores Inc operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam's Club in three categories retail, wholesale and others.