Cowen Remains Sidelined on Wal-Mart (WMT) After Spending Time with Management
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S&P 500 ends at seven-month high after Yellen comments
June 6, 2016 7:33 AM EDTBy Caroline Valetkevitch
(Reuters) - The S&P 500 closed at a 7-month high on Monday as Federal Reserve Chair Janet Yellen painted a mostly upbeat picture of the economy but gave little sense of when a rate hike may be coming.
Energy shares also boosted the market after oil ended higher for a third straight session. The S&P energy index rose 2 percent, leading gains in the benchmark S&P 500.
Yellen's remarks, which were likely her last public comments before a policy meeting next week, followed Friday's dismal monthly jobs report, which raised concerns over... More
Jefferies Upgrades Wal-Mart (WMT) to Buy; Lists 10 Reasons to Own
June 6, 2016 6:40 AM EDTJefferies upgraded Wal-Mart (NYSE: WMT) from Hold to Buy with a price target of $82.00 (from $60.00), citing a turnaround as execution improves.
Analyst Daniel Binder commented, "Based on our store checks and survey work, we believe WMTs store investments are yielding broadly improved store conditions and Q1 sales results seem to confirm this. We think this improvement will be longer lasting and should lead to upside in sales and an upward EPS revision cycle. We think there are a few things that could move shares higher and... More
Wal-Mart (WMT) volatility decreased into Jefferies upgrade and after investor meeting
June 6, 2016 6:22 AM EDTWal-Mart (NYSE: WMT) June weekly and June call option implied volatility is at 13, July is at 16; compared to its 52-week range of 13 to 32 into Jefferies upgrading to Buy from Hold and raised price target to $82 from $60.
... MoreStocks with Implied Volatility Movement
June 6, 2016 6:21 AM EDTGalena (NASDAQ: GALE) 211, EMC (NYSE: EMC) 23 implied volatility is above its IV index mean
AMD (NYSE: AMD) 58, Wal-Mart (NYSE: WMT) 15 implied volatility is below its... More
Streetinsider.com's Hot Lunchtime Reads 6/3: (WMT) (WUBA) (TEX) (BLCM)
June 3, 2016 12:16 PM EDTThe following is a list of notable articles to help get you through the lunch hour:Wal-Mart (WMT) CEO McMillon Updates on Company Goals; Now Working with Uber, Others on Customer Deliveries ->... More
Wal-Mart (WMT) CEO McMillon Updates on Company Goals; Now Working with Uber, Others on Customer Deliveries
June 3, 2016 12:10 PM EDTToday at Walmarts 46th Annual Shareholders Meeting, President and CEO, Doug McMillon outlined his vision for the future. He urged the companys 2.3 million associates to write the next chapter in Walmarts story, saying We have the opportunity to reimagine retail again.
McMillon reinforced the call to action by announcing that... More
Wal-Mart (WMT) volatility flat annual shareholder meeting into investor Q&A
June 3, 2016 7:10 AM EDTWal-Mart (NYSE: WMT) June weekly call option implied volatility is at 19, June and July is at 16; compared to its 52-week range of 13 to 32 into this mornings company's shareholder meeting and President & CEO McMillon hosting a Q&A session with the investment community this afternoon.
Stocks with Implied Volatility Movement
June 3, 2016 6:26 AM EDTEMC (NYSE: EMC) 27, Broadcom (NASDAQ: AVGO) 40 implied volatility is above its IV index mean
AMD (NYSE: AMD) 59, Wal-Mart (NYSE: WMT) 16 implied volatility is... More
Wal-Mart says it is 6-9 months from using drones to check warehouse inventory
June 2, 2016 12:30 PM EDTBy Nandita Bose
BENTONVILLE, Ark. (Reuters) - Wal-Mart Stores Inc (NYSE: WMT) said Thursday it was six to nine months from beginning to use drones to check warehouse inventories in the United States, taking a step closer to using the technology to compete better with rivals.
In October 2015, the world's largest retailer applied to U.S. regulators for permission to test drones for... More
