Walmart(WMT)
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Tailwinds Drive Walmart Higher, Uptrend Shows No Signs of Slowing
MarketBeat· 2024-11-21 12:31
Walmart TodayWMTWalmart$87.18 +0.58 (+0.67%) 52-Week Range$49.85▼$88.29Dividend Yield0.95%P/E Ratio35.78Price Target$91.51Add to WatchlistWalmart’s NYSE: WMT Q3 report and guidance for Q4 revealed that the tailwinds driving its business remain strong and steady, driving outperformance and another increase to the outlook. The news sent shares to a new all-time high, firing a strong technical signal that suggests this market will continue to trend higher. It is a strong signal because the stock is already in ...
Walmart downgraded to Hold from Buy at DZ Bank
Thefly· 2024-11-21 09:45
Recommendations - Barclays raised the price target for BellRing Brands by $5 [1] - Barclays raised the price target for CIBC by C$8 [1] - Barclays raised the price target for Bank of Montreal by C$17 [1] - Barclays raised the price target for WTW by $24 [2] - Barclays raised the price target for Ryan Specialty by $12 [2] - Barclays raised the price target for Marsh McLennan by $10 [2] - Barclays raised the price target for Brown & Brown by $11 [3] - Barclays raised the price target for Arthur J Gallagher by $8 [3] - Barclays raised the price target for Aon plc by $46 [3] Earnings - Baidu reported Q3 EPS of RMB 16 60 compared to RMB 20 40 last year [1]
Walmart & Target: A Closer Look at Retail Earnings
ZACKS· 2024-11-21 00:50
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points:Total Q3 earnings for the 469 S&P 500 members that have reported results through Wednesday, November 20th, are up +6.5% on +5.2% higher revenues, with 73.8% beating EPS estimates and 61.4% beating revenue estimates. The reporting cycle has ended for half of the 16 Zac ...
Walmart hits new highs and Target dives after earnings as rivals diverge even more
CNBC· 2024-11-20 21:07
Target's stock tumbled to a 52-week low on Wednesday, a day after Walmart shares soared to an all-time high — as the rival retailers' earnings reports again underscored how their performance has diverged.Target posted its biggest earnings miss in two years and cut its forecast. The company spoke about a "deceleration in discretionary demand" and blamed higher costs from rushing to move inventory ahead of the short-lived port strike in October.On the company's earnings call, CEO Brian Cornell described U.S. ...
Walmart Posts Q3 Sales Beat, Raises Guidance: Analysts Expect Strong Earnings Growth Ahead
Benzinga· 2024-11-20 19:46
Here are some key takeaways from analyst coverage of Walmart Inc WMT after the retailer reported upbeat third-quarter sales. Check out other analyst stock ratings. Goldman Sachs: Walmart's US same-store sales grew by 5.3%, tracking better than consensus of 3.9%. This was driven by traffic, up 3.1%, and average ticket size, up 2.1%. "WMT saw broad-based strength in the quarter, noting market share gains in the US, both in grocery and general merchandise, with households earning more than $100K accounting for ...
Why Walmart's Stock Hit an All-Time High but Target's Slumped on Q3 Earnings
Investopedia· 2024-11-20 18:35
Key TakeawaysWalmart's shares hit a new record high following its earnings report yesterday, but Target's fell to their lowest point in a year following its results Wednesday.Target's sales and profits fell short of estimates, while Walmart's results surpassed expectations in the third quarter.Both retailers said lower prices and convenience features like curbside pickup and same-day delivery are driving sales, but those trends have seemed to benefit Walmart more in recent quarters. Target (TGT) shares sank ...
Walmart Beats on Q3 Earnings, Hikes Views: ETFs to Gain
ZACKS· 2024-11-20 17:00
Before the opening bell yesterday, Walmart (WMT) reported robust third-quarter fiscal 2025 results, surpassing earnings and revenue estimates. The mega-retailer raised its guidance for the fiscal year for the third time this year, spreading bullishness about the company’s growth. This pushed WMT shares to a record high on elevated volume. Investors seeking to tap the opportune moment should consider ETFs having the highest allocation to the world's largest brick-and-mortar retailer. These include Consumer S ...
Walmart Stock Price Levels to Watch After Post-Earnings Surge to Record High
Investopedia· 2024-11-20 16:40
Key TakeawaysWalmart shares were slightly higher Wednesday morning after hitting a new record high yesterday following a strong earnings report from the retail giant.The stock formed a shooting star on Tuesday, a reversal candlestick pattern that appears after an extended uptrend. The pattern formed on the highest daily volume since late September, possibly indicating buying exhaustion.Investors should watch major support levels on Walmart's chart around $81, $71, and $61.A bars pattern projects a price tar ...
S&P 500 Gains and Losses Today: Supermicro Roars Back After Compliance Filing
Investopedia· 2024-11-19 22:05
Key TakeawaysThe S&P 500 added 0.4% on Tuesday, Nov. 19, as investors digested a strong report from a major retailer and awaited more big-name earnings results.Super Micro Computer shares skyrocketed after the server maker filed a compliance plan to avoid delisting by the Nasdaq.Shares of Incyte tumbled as the pharma company discontinued the development of one drug and paused enrollment in another clinical trial. Major U.S. equities indexes were mixed on Tuesday. Concerns about escalating global tensions cl ...
Walmart's Growth Fueled by Expedited Deliveries and Resilient US Shoppers
PYMNTS.com· 2024-11-19 18:21
Consumers in the United States have shown resilience while prioritizing speed and convenience, according to Walmart’s third-quarter earnings call Tuesday (Nov. 19).The retail giant reported a 5.5% increase in consolidated revenue for the third quarter of fiscal year 2025, reaching $169.6 billion — fueled by a 27% rise in global eCommerce sales and expanding delivery volumes.Chief Financial Officer John David Rainey said during the call that three factors improved the company’s eCommerce margins: delivery de ...