Walmart (WMT) continues to kill off the American shopping creation it’s most known for, the massive supercenter that sells everything under one roof. With the U.S. market already having more than 3,500 Walmart supercenters and a focus by CEO Doug McMillon to increase spending on eCommerce and India, Walmart said Tuesday it will open a mere 10 supercenters in 2019. The company has reduced emphasis on the store format pioneered by founder Sam Walton – which could average a gargantuan 178,000 square feet – in recent years.
Yahoo Finance’s Alexis Christoforous, Editor-in-chief Andy Serwer, Sibile Marcellus, Jared Blikre, Julia La Roche, Scott Gamm, Brian Sozzi and Heidi Chung discuss today’s top stories. Today’s topics include: Roger McNamee reflects on the death of Paul
To be honest, I’m not entirely thrilled about investing in marijuana stocks at the moment. Movement toward legalization at the state level in the United States and at the national level in Canada has sent a number of pot stocks soaring. But not all marijuana
Johnson & Johnson (JNJ) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $2.03 per share. This quarterly report represents an earnings surprise of 0.99%. Johnson & Johnson, which belongs to the Zacks Large Cap Pharmaceuticals industry, posted revenues of $20.35 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 2.19%.
The stock market is in the middle of a rolling bear market, says Morgan Stanley's Mike Wilson. "It's being caused by a drain in liquidity and peaking growth," Wilson says. The stock market sell-off is only going to get worse, predicts Morgan Stanley's chief U.S. equity strategist, Mike Wilson.
The real estate investment trusts that own the malls and shopping centers where many Sears stores are anchor tenants have waited years for the retailer's demise to renovate the sites and boost rent, although redevelopment costs may strain some plans. Most large U.S. malls are controlled by REITs. In recent years, the REITs have cut their exposure to Sears Holdings Corp, which filed for Chapter 11 bankruptcy on Monday.
Morgan Stanley's Mike Wilson on why the market is going to get worse from here. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
For all the glamour of living an early retirement lifestyle, there are plenty of negatives I’ve come to discover since I permanently left my job in 2012. As a result, you’re repeatedly forced to will yourself into action.
The following article is part of a package of stories that MarketWatch is publishing to mark the start of full legalization of cannabis for adult use in Canada on Wednesday. Smith Falls, Ontario–based Canopy Growth Corp. made headlines and drove cannabis stocks to new heights over the summer when it announced that Corona brewer Constellation Brands Inc. was going to invest an additional $4 billion in the company. Billed by both companies as a strategic partnership, the additional $4 billion investment adds to the 9.9% stake that Constellation bought in October of last year and sets the company up to either be bought outright by Constellation — via warrants that could increase its stake to more than 50% — or continue to work with the beverage company to create a range of consumer-focused cannabis products that may one day appear in markets in dozens of countries.
fell Monday after Cowen and Co. cut its price target on the stock as analysts expect the new Chief Executive Larry Culp to take actions to improve the beleaguered industrial's financial standing. Cowen analysts, including Gautam Khanna, said they expect Culp to impose a dividend cut, possibly raise more equity, and reset earnings per share/free cash flow, to shore up the balance sheet.
Being an unsecured creditor of Sears (SHLD) right now is not a good place to be. The 125-year old former retail icon filed for chapter 11 bankruptcy protection early on Monday, crippled from years of losses and mounting debt. Sears plans to close about
After Canada legalizes recreational marijuana on Oct. 17, it will only take a quarter or two for clear winners and losers to emerge, according to investors and analysts who follow the sector. “These have all been concept stocks and they’re going to actually have to be real companies in another few months, which I think a lot of guys are terrified about,” said Greg Taylor, who manages the Purpose Marijuana Opportunities Fund. Taylor prefers CannTrust Holdings Inc., Hexo Corp. and Organigram Holdings Inc., which he says trade at a “more realistic valuation” than some of their bigger peers.
CNBC's Jim Cramer picks the energy sector's power players, which include shares of oil refiners as well as exploration and productoin entities. Among the "Mad Money" host's favorites are Marathon Petroleum and EOG Resources. With stocks trying to recover from last week's painful selling, CNBC's Jim Cramer wanted to continue his marketwide power rankings to find plays worth buying at these levels.
Walmart could soon pay $65 million in a 9-year-old class action lawsuit over its lack of seating for cashiers. Nisha Brown brought the suit in 2009, according to the Los Angeles Times, and 100,000 current and former California Walmart cashiers are eligible to receive part of the payout. Walmart, however, has maintained that the nature of the work as a cashier does not permit cashiers to sit down.
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:Actuant Corporation ATU is a manufacturer and distributor of a variety of industrial products and systems. The Zacks Consensus Estimate for its current year earnings has been revised
The executives of the startup Beeswax, all former Google execs, say they've learned how to keep meetings streamlined and efficient. The three founders of the ad-tech startup Beeswax seem to get that. "We're all thoughtful about not having a proliferation of meetings, because one thing we all felt in our previous careers is that there can be lots of redundant meetings," Shamim Samadi, Beeswax's chief product officer, told Business Insider.
MARKET PULSE Palo Alto Networks Inc. (panw) shares declined in the extended session Monday after the cybersecurity company named a new president and reiterated its first-quarter guidance. Palo Alto shares fell 1.6% after hours, following
The Vanguard founder says low dividend yields, modest earnings growth potential, and still-low rates mean returns are set to be lower.
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed. Cisco Systems Inc. CSCO : "Yeah, I would [buy ahead of earnings next week]. I think the stock is
Bill Friend, vice president of Fluent Commerce, a retail management platform, told Real Money that J.C. Penney and Sears are not cut from the same cloth. "Sears was raided by hedge fund guys, so they were never going to really recover," he said. Eddie Lampert has been much maligned during his tenure at Sears.
TheStreet's Julie Iannuzzi covered Jim Cramer's investing boot camp. Nvidia (NVDA - Get Report) has long been a favorite of TheStreet's founder and Action Alerts Plus Portfolio Manager Jim Cramer, but he told a packed audience Saturday at his Boot Camp for Investors in New York why his charitable trust recently sold out of the stock.
AT&T (T) closed the most recent trading day at $32.36, moving +0.34% from the previous trading session. Prior to today's trading, shares of the telecommunications company had lost 4.25% over the past month. This has was narrower than the Computer and Technology sector's loss of 5.44% and lagged the S&P 500's loss of 4.1% in that time.
Given the improving fundamental backdrop and positive technical outlook, traders and investors alike can look to add Nvidia stock to their portfolios on any further weakness. Click to Enlarge Aside from just answering some interesting old questions, Nvidia stock is getting decidedly more attractive on a fundamental basis. It’s important to remember that Nvidia stock has handily beaten earnings over the last four quarters, yet the shares haven’t reflected that strength during that time frame.
Sears filed for Chapter 11 bankruptcy early Monday, the culmination of a downward spiral. CEO Eddie Lampert, once called the "next Warren Buffett," will also step down. Incidentally, Buffett predicted the retailer's and Lampert's downfall in 2005.
NVIDIA Corporation’s NVDA efforts in artificial intelligence (AI) and machine learning in various fields are gathering momentum, thanks to its initiatives and adoption of its technologies by key companies.The past week has been quite eventful for NVIDIA