Walmart (WMT) plans expansion of EV charging network across America

Capital One shares tumble as Walmart sues credit card partner, seeks to terminate deal - WSJ

April 10, 2023 8:01 AM EDT

Capital One Financial (NYSE: COF) shares sank more than 4% in premarket trading Monday after The Wall Street Journal reported Walmart (NYSE: WMT) is suing its credit card partner and seeking to terminate the partnership.

The lawsuit, filed... More

Walmart (WMT), Wynn (WYNN) among 21 stocks added to DB Fresh Money List

April 6, 2023 10:30 AM EDT

Deutsche Bank released its Fresh Money Buy List for Q2. In the updated list, the firm presented 21 new and 11 refreshed ideas.

New ideas are in BOLD:

Consumer: EL, MNST, RHP, SKX, WMT, WYNN,Financials: PNC, REG,... More

Walmart (WMT) PT Raised to $170 at UBS

April 6, 2023 7:18 AM EDT

UBS analyst Michael Lasser raised the price target on Walmart (NYSE: WMT) to $170.00 (from $168.00) while maintaining a Buy rating.... More

BofA Securities Reiterates Buy Rating on Walmart (WMT)

April 6, 2023 6:42 AM EDT

BofA Securities analyst Robert Ohmes reiterated a Buy rating and $165.00 price target on Walmart (NYSE: WMT).

"We maintain our Buy rating on WMT given support for continued sales strength and improving profitability both near-term and longer-term."

For an analyst ratings... More

Oppenheimer Reiterates Outperform Rating, Top Pick on Walmart (WMT) after Investor Day

April 6, 2023 6:18 AM EDT

Oppenheimer analyst Rupesh Parikh reiterated an Outperform rating and $165.00 price target on Walmart (NYSE: WMT).

"We overall walked away incrementally upbeat on the company's longer-term prospects... WMT remains a top pick for us."

For an analyst ratings summary and ratings... More

Walmart (WMT) PT Raised to $170 at Wells Fargo, Buy reaffirmed

April 6, 2023 6:15 AM EDT

Wells Fargo analyst Ed Kelly raised the price target on Walmart (NYSE: WMT) to $170.00 (from $155.00) while maintaining an Overweight rating.

"We are buyers of WMT post a bullish investor day. This leading omni-retailer finally looks to be on the cusp of capturing the... More

Morgan Stanley Reiterates Overweight Rating on Walmart (WMT), bullish on margins

April 6, 2023 6:11 AM EDT

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $160.00 price target on Walmart (NYSE: WMT).

"Latent margin power could be realized on payback from automation, e-comm & ancillary streams. Upside to 8% EBIT growth a positive and suggests breadth of WMT's initiatives may be... More

Citi reiterates Buy rating, Top Pick on Walmart (WMT) after Investor Day

April 6, 2023 5:50 AM EDT

Citi analyst Paul Lejuez reiterated a Buy rating and $169.00 price target on Walmart (NYSE: WMT).

"While we wouldve liked more detail on emerging businesses such as marketplace, fintech and advertising, the event highlighted the opportunities to drive sales and operating... More

Walmart (WMT) PT Raised to $170 at KeyBanc

April 6, 2023 3:40 AM EDT

KeyBanc analyst Bradley Thomas raised the price target on Walmart (NYSE: WMT) to $170.00 (from $165.00) while maintaining a Overweight rating.... More

Walmart sees sustained pressure from inflation; to slow hiring pace

April 5, 2023 10:14 AM EDT

By Siddharth Cavale

(Reuters) -Walmart Inc on Wednesday said inflation would continue to pressure its business this year, and that it would slow hiring as it builds out automation technology.

"We believe, over time, the number of associates will grow, but at a slower pace than in the past as we complement people growth with technology and automation," Chief Financial Officer John David Rainey said at the company's investor meeting in Tampa, Florida.

Walmart... More

Johnson&Johnson, FedEx and ConAgra Foods rise premarket; UBS falls

April 5, 2023 8:12 AM EDT

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, April 5th. Please refresh for updates.

Johnson & Johnson (NYSE: JNJ) stock rose 2.7% after a unit of the consumer healthcare giant refiled for bankruptcy protection as part of a deal that offered to pay $9 billion, over 25 years,... More

Goldman Sachs Reiterates Buy Rating on Walmart (WMT)

April 5, 2023 5:25 AM EDT

Goldman Sachs analyst Kate McShane reiterated a Buy rating and $164.00 price target on Walmart (NYSE: WMT).

"We reiterate our Buy rating (on CL) for WMT given 1) the company is well positioned to continue to gain market share in the current macro backdrop given... More

Walmart reiterates guidance; Analysts positive on outlook

April 4, 2023 5:24 PM EDT

(Updated - April 5, 2023 7:37 AM EDT)

Walmart (NYSE: WMT) has started a two-day Investment Community meeting to showcase investments in its supply chain network, future global growth opportunities across its omnichannel ecosystem, and high-value initiatives. The company also reaffirmed its Q1 and full 2024-year guidance.

For Q1/24, the company expects consolidated net sales growth of 4.5%-5.0% in constant currency, and adjusted EPS of $1.25-$1.30. Consensus sees Q1 EPS of $1.30.

For the full year, the... More

Walmart aims for 65% of stores to be automation serviced by 2026

April 4, 2023 5:18 PM EDT

By Siddharth Cavale

(Reuters) -Walmart Inc on Tuesday said it expects about 65% of its stores to be serviced by automation by the end of its fiscal year 2026, just days after revealing plans to lay off more than 2,000 people at facilities that fulfill online orders.

The announcement, amid the U.S. retail giant's annual investor meeting in Tampa, Florida, comes as Walmart increasingly uses its huge stores to handle online-order deliveries and invests heavily in automation to speed up order processing at its e-commerce fulfillment facilities.

It was not immediately clear if this move would... More

Target (TGT), Other Walmart (WMT) Peers on Watch Following WMT's Update, Guidance

April 4, 2023 4:40 PM EDT

(Updated - April 4, 2023 4:40 PM EDT)

Target (NYSE: TGT), Other Walmart (NYSE: WMT) Peers on Watch Following WMT's Update, Guidance

WMT -0.5%TGT -0.5%... More

Walmart (WMT) Sees Q1 EPS of $1.25 to $1.30

April 4, 2023 4:28 PM EDT

(Updated - April 4, 2023 4:29 PM EDT)

Walmart Inc. (NYSE: WMT) is kicking off its two-day 2023 Investment Community meeting, where leadership will highlight how the company is investing to strengthen its business through its people and an unparalleled, next generation supply chain network of stores, clubs and fulfillment centers, and driving future global growth opportunities across its omnichannel ecosystem and high value initiatives. The company is also... More

Walmart (WMT) option IV into company's 2023 Investment Community Meeting

April 4, 2023 11:09 AM EDT

Walmart (NYSE: WMT) 30-day option implied volatility at 18; compared to its 52-week range of 16 to 34 into company's 2023 Investment Community Meeting on April 5, 2023.

... More

Virgin Orbit, AMC Entertainment and Ncino fall premarket; Etsy rises

April 4, 2023 8:14 AM EDT

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, April 4th. Please refresh for updates.

Virgin Orbit (NASDAQ: VORB) stock slumped 24% after Richard Bransons cash-strapped space-launch firm filed for Chapter 11 bankruptcy in a court in the U.S. state of... More

Walmart flat as reports flesh out e-commerce job cuts toll

April 4, 2023 7:43 AM EDT

By Geoffrey Smith

Investing.com -- Walmart (NYSE: WMT) stock was underperforming the broader market in premarket trading, roughly unchanged from Monday's close amid reports that its recently announced job cuts will run to more than 2,000 at its online shopping warehouses.

According to Bloomberg, over half of the positions affected will be at the company's operations in Fort Worth, Texas, while 400 will go at a fulfillment center... More

Dow futures rise 60 pts; oil prices, JOLTS data in focus

April 4, 2023 7:17 AM EDT

By Peter Nurse

Investing.com -- U.S. stocks are seen opening marginally higher Tuesday, as investors digest the spike in oil prices, slowing economic growth, and the potential impact on monetary policy thinking at the Federal Reserve.

At 07:00 ET (11:00 GMT), the Dow futures contract was up 60 points, or 0.2%, S&P 500 futures traded 13 points, or 0.3% higher, and Nasdaq 100 futures climbed 60 points, or 0.4%.

Oil prices have continued to tick higher Tuesday, although not at Mondays pace, after the weekends announcement by the Organization of Petroleum Exporting... More

We see a $130bn opportunity in retail media advertising, TTD and CRTO best positioned - Morgan Stanley

April 4, 2023 6:24 AM EDT

Morgan Stanley analyst Matthew Cost sees a $130bn opportunity in retail media advertising by '25, as retailers leverage their customer data to power online ads.

"We See Retail Media Ad Spend Growing at a ~17% '22-'25 CAGR, Driving ~45% of Total Online Ad Spend... We estimate that advertisers spent... More