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Wal-Mart Stores, Inc. (WMT)

  • Nov. 8, 2014, 9:25 AM
    • Energy companies finally are starting to halt a few new U.S. drilling projects as oil prices fall, which Barclays believes may put the U.S. oil boom at risk but "on balance, we believe lower oil prices are good.”
    • If strong U.S. energy growth is interrupted, spending in the sector could be cut by $40B, but consumers could save $70B next year as the price at the pump falls for gasoline and diesel, according to Barclays head of U.S. equity strategy Jonathan Glionna.
    • The most likely beneficiaries would be discretionary areas such as restaurants, entertainment, apparel, electronics and furniture, he says.
    • Glionna lists 27 stocks that could benefit from lower oil prices: AAL, AGCO, AXL, BERY, BLMN, BWLD, CHH, CLX, DE, DPZ, FDX, GM, HD, KMB, KR, KSS, MHK, MMM, PENN, PPG, SAVE, SHW, TGT, UPS, VALWMS, WMT.
  • Oct. 31, 2014, 1:21 PM
    • The odds aren't good for a national roll-out of smartphone payments solution CurrentC, according to USA Today's Jeff Graham.
    • The retail consortium admitted to a hacking incident earlier this week and has lost momentum with Apple Pay dominating headlines.
    • Inside the network, Meijer broke ranks with fellow MCX members by moving to accept Apple Pay with its hardware.
    • CurrentC was created to help the retail industry bypass credit card fees.
    • Partial list of MCX members: LUV, GPS, DNKN, KR, TGT, WMT, BBBY, KSS, SHLD, WEN, BBY.
  • Oct. 31, 2014, 7:04 AM
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  • Oct. 31, 2014, 2:05 AM
    • As the holiday shopping season heats up, Wal-Mart (NYSE:WMT) is weighing the benefits of a program which would match prices from online rivals.
    • The move would expand upon Wal-Mart's current price-matching program for local bricks-and-mortar rivals, giving the retailer a competitive edge but risking a cut to earnings.
    • The company is also planning to hire 60K additional workers for the holidays, up 10% from last year.
  • Oct. 30, 2014, 12:37 PM
    • Wal-Mart (WMT -0.1%) says it will close 30 stores in Japan which operate under the Seiyu brand.
    • An estimated charge of $0.04-$0.05 per share will be taken over the next few quarters to account for costs associated with the closures.
    • The company operates a total of 434 stores in the nation.
  • Oct. 30, 2014, 11:00 AM
    • Wal-Mart (WMT) is considering expanding its price-matching program to online items as it struggles to keep alive the retailer's image as having a pricing edge, according to the WSJ.
    • Though rivals Best Buy and Target already offer online price-matching programs, the Bentonville giant has been hesitant to let the genie out of the bottle on the initiative.
    • The company saw traffic drop 1.1% in Q2 for U.S. stores.
  • Oct. 28, 2014, 11:32 AM
    • Redbook notes the timing of Halloween on a Friday is giving a boost to merchandise sales related to the holiday as more consumers prep for parties and celebrations.
    • Both Redbook and ICSC's weekly read on retail store sales showed year-over-year improvement with Halloween sales a factor.
    • Stores have also been extending their hours to draw in more shoppers.
    • Looking for a Halloween boost: DLTR, DG, FDO, KR, SVU, SWY, WMT, TGT, HSY, KRFT, CVS, RAD, WAG, MDLZ.
  • Oct. 27, 2014, 4:59 AM
    • Rite Aid (NYSE:RAD) and CVS (NYSE:CVS) have disabled Apple's (NASDAQ:AAPL) mobile wallet system, Apple Pay, from working in their outlets across the U.S.
    • The reason wasn't immediately clear, the NYT reports, although it might have something to do with the drug retailers being part of MCX, a consortium of merchants that is developing an unfinished rival product called CurrentC.
    • A major question is whether other MCX retailers, which include Best Buy (NYSE:BBY), Gap (NYSE:GPS) and Walmart (NYSE:WMT), will also cut Apple, and/or whether consumers would revolt at such a move.
    • Apple has been working with MasterCard (NYSE:MA) on its system.
  • Oct. 25, 2014, 12:34 PM
    • Labor issues and a shortage of trucking equipment at the critical port complex in the Long Beach, California region threaten to disrupt shipments of holiday products to retailers.
    • Delays are running up to two or three weeks, according to port officials.
    • What to watch: Retailers potentially impacted by the port turmoil include Wal-Mart (NYSE:WMT), Macy's (NYSE:M), Kohl's (NYSE:KSS), J.C. Penney (NYSE:JCP), Ralph Lauren (NYSE:RL), American Eagle Outfitter (NYSE:AEO), Nordstrom (NYSE:JWN), and Carter's (NYSE:CRI).
  • Oct. 18, 2014, 12:23 PM
    • Wal-Mart de Mexico will search for a new CEO to replace the retiring Scott Runkin.
    • The exec plans to step down in 2015.
    • Wal-Mart (NYSE:WMT) said earlier in the week it was looking to "rejuvenate" its business in Mexico.
    • Total revenue rose 4.3% in Q3 to 105.6B pesos, while EBITDA fell 4.2% to 9.2B pesos.
    • Wal-Mart de Mexico Q3 results (.pdf)
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  • Oct. 16, 2014, 1:36 PM
    • Wal-Mart (WMT -2.1%) CEO Doug McMillon defended the company's pay scale for workers in an interview following the company's investor day event.
    • He says the retailer will be in a situation shortly where all workers make more the minimal wage.
    • The average wage of Wal-Mart's full-time workers currently stands at $12.92 per hour, although a few thousand are still at the $7.25 mark.
    • Share of Wal-Mart are at a three-month low after the Bentonville giant reset sales growth expectations lower yesterday.
  • Oct. 15, 2014, 3:34 PM
    • Wal-Mart (NYSE:WMT) issues some guidance at the tail end of its investor day presentation.
    • The forecast for FY15 sales growth is cut to 2%-3% from 3%-5%.
    • The company says capital investments will range between $11.6B to $12.9B for FY16.
    • WMT -4.2% after being down roughly 2% before the outlook revision.
  • Oct. 15, 2014, 12:58 PM
    • Top Wal-Mart (WMT -2.3%) U.S. exec Greg Folan announced the company will open between 180 and 200 Neighborhood Markets stores during its next fiscal year.
    • The expansion plan for the concept is smaller than the forecast for 270 to 300 NM stores to be opened this fiscal year.
    • Neighborhood Markets has had a stronger impact on the dollar store group (FDO, DG, DLTR) than grocery stores so far, according to analysts.
    • Highlights from Wal-Mart's investor day
    • Wal-Mart investor meeting webcast
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  • Oct. 15, 2014, 9:26 AM
    • Wal-Mart (NYSE:WMT) CEO Doug McMillon delivered a speech on the company's growth strategy during its investor day festivities.
    • McMillon says Wal-Mart will focus on improving its relationship with customers via price, assortment, experience, and access.
    • E-commerce will make up a higher percentage of capital spending as investments in larger stores are weaned a bit.
    • On the operational side, look for changes in stocking and the checkout process.
    • Wal-Mart investor meeting webcast
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  • Oct. 10, 2014, 9:56 AM
    • Gilford Securities upgrades Wal-Mart (WMT +1%) to a Buy rating after having the retail giant slotted at Neutral previously.
    • The investment firm has a history of dipping in and out of WMT based on valuation. At the $77-$78 range for Wal-Mart, Gilford is a buyer.
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  • Oct. 9, 2014, 4:00 PM
    • It's unlikely that the strong dollar will impact Q3 earnings as much as people think, Diane Garnick, CEO of global asset management firm Clear Alternatives says. But it will impact Q4 earnings. We're likely to see companies meet or exceed earnings in Q3, but give downward forecasts for Q4, she says.
    • Companies with bigger international exposure, like Wal-Mart (NYSE:WMT) will lower their estimates more. The same is true for sectors dominated by companies with global exposure like financials (NYSEARCA:XLF).
    • Conversely, companies like Walgreen (NYSE:WAG) who are almost all U.S. dollar based will be less impacted by a stronger dollar. Also relevant for ETFs like XLP and XLU.
    • Link: Reuters Insider
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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.