87.99 -0.08 (-0.09%)
Pre-market: 7:00AM EDT
|Bid||87.86 x 1000|
|Ask||88.04 x 1000|
|Day's range||87.94 - 89.19|
|52-week range||75.55 - 109.98|
|PE ratio (TTM)||29.39|
|Earnings date||16 Aug 2018|
|Forward dividend & yield||2.08 (2.46%)|
|1y target est||95.12|
Microsoft is working on tech that would eliminate checkout lines from stores, much like the automated Amazon Go supermarket. Thuy Ong reports
Monday, July 16: President Donald Trump says America’s biggest global “foe” is the EU before meeting with Russian president Vladimir Putin; Elon Musk donated $40,000 to a GOP PAC; Amazon Prime Day starts and will last 36 hours. Yahoo Finance's Dan Roberts delivers today's news.
Walmart (WMT) is teaming up with Amazon (AMZN) rival Microsoft (MSFT) for a strategic partnership to use Microsoft’s cloud technology. The announcement of the partnership came just a few weeks after rumors indicated that Microsoft was working with Walmart to rival Amazon’s cashier-less stores, Amazon Go.
If you’re already bummed about Netflix’s (NFLX) most-recently reported subscriber growth numbers—not everyone is—the prospect of even more well-funded competition may not thrill you. Walmart is thinking of a service priced below $8 per month, according to one of the people. Netflix has been steadily raising the price of its service, which now costs between $8 and $14 a month, while Amazon charges $8.99 a month for its Prime Video service.
If hearsays are to be trusted, Walmart (WMT) is planning to launch a new subscription based streaming service. However, management is yet to confirm such rumors.
Yesterday, Microsoft (MSFT) formed a strategic partnership with Walmart (WMT). Under the terms of the five-year agreement, the retail giant gets the opportunity to use Microsoft’s Azure cloud, AI, Office 365, and IoT (Internet of Things) to improve its retail performance. Walmart plans to shift many applications to the Azure platform.
On Tuesday, Walmart (WMT) revealed that it has entered a five-year deal with Microsoft (MSFT) which will allow the retail giant to use the tech firm's cloud solutions, such as Azure and 365. For Walmart, the benefits are clear, but why would Microsoft want to pick a side in the big box retailer's ongoing war with Amazon?
As of July 13, Walmart (WMT) stock was trading at a forward PE ratio of 18.0x, 8.6% higher than its four-year multiple of 16.6x, and higher than Target’s (TGT) 14.5x and the benchmark index. Meanwhile, its multiple was lower than Costco’s (COST) 28.9x.
Walmart’s (WMT) US business has remained strong despite growing competition from the expansion of Amazon (AMZN) and other deep discount chains. Walmart’s US business, which is also its largest business segment by sales and profitability, has reported year-over-year comps growth in the past 15 quarters, and traffic growth for the past 14 quarters.
As Walmart’s (WMT) e-commerce business was the primary catalyst behind its impressive stock performance in 2017, the slowdown in its digital sales has irked investors. Walmart has expanded its online grocery pickup services to more than 1,400 stores and expects to close fiscal 2019 with 2,100 locations offering the service. To make customers’ shopping experience easier and more convenient, Walmart is expanding its doorstep delivery offerings by partnering with on-demand services such as DoorDash and Postmates.
Walmart (WMT) stock underperformed both Target (TGT) and Costco (COST) in the first half of 2018, mostly due to its e-commerce sales growth slowing down sequentially during the fourth quarter of fiscal 2018, to 23.0%.
Walmart (WMT) to partner with Microsoft and bolster cloud computing technology to offer improved shopping experience to customers.
The Zacks Analyst Blog Highlights: Amazon, Alibaba, Walmart, Berkshire Hathaway and JPMorgan Chase
Amazon's (AMZN) Prime Day, its rumored entry into the network switching business and its PillPack acquisition are the top stories in this roundup.
On July 12, Costco Wholesale (COST) reported its June sales results. The company reported an 11.7% rise in net sales to $13.5 billion in June compared to its net sales of $12.13 billion in the same period last year.
Walmart Inc. has hired a former senior executive at insurer Humana Inc. to run its health-care business, a move that could reignite speculation that the two companies will forge a closer partnership. The world’s largest retailer named Sean Slovenski as senior vice president of health and wellness, reporting directly to Greg Foran, who runs the company’s U.S. business, according to a July 12 internal memo from Foran. Slovenski spent three years at Humana, rising to become vice president of innovation, and most recently worked for a digital-health company that also partners with Walmart.