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The Latest Breaking News from Walmart Inc

PreMarket Prep Stock Of The Day: Will NXP Semiconductors Continue To Rally Despite Market Retreat?

On days like this (Tuesday), which got off to a bad start on Monday after the close with Walmart Inc.'s (NYSE: WMT) rare guidance cut, there are still stocks that will move higher.

Benzinga

Jim Cramer Slaps Walmart Around, Sets The Stage For Costco, Target And Amazon: 'This Is Not Forgivable'

Walmart Inc (NYSE: WMT) shares are tanking on Tuesday after the company slashed its guidance as a result of high inventory levels and continued inflation pressures.

Benzinga

Walmart Issues Profit Warning, But These 6 Analysts Remain Optimistic On The Retail Giant

Walmart Inc (NYSE: WMT) reduced its guidance for the current quarter and full year, citing rising prices for food and fuel. Here are the reactions of six top analysts. RBC Capital Markets On Walmart

Benzinga

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Walmart tumbles after cutting full-year profit outlook

Walmart Inc. cut its annual profit outlook for the second time this year, citing the need to lower prices to clear out bloated inventories.

Tribune News Service

Inflation Effect: Walmart To Charge Suppliers Fuel Fee

Walmart Inc (NYSE:WMT) is planning to levy a new fee for some of its suppliers to transport goods to its warehouses and stores, Reuters reported. The move, effective from August, is in response to the soaring fuel and transportation costs. Walmart will charge a "collect pickup charge" which is a percentage of…

Benzinga

Why Symbotic Shares Are Surging Today

Raymond James analyst Brian Gesuale initiated coverage of Symbotic Inc. (NASDAQ:SYM), an automation technology company, at Outperform, with a price target of $18, implying an upside of 23%. Symbotic developed an AI software platform and proprietary hardware to provide an end-to-end automation solution for large warehouse and distribution centers. Walmart Inc (NYSE:WMT) is Symbotic’s strategic…

Benzinga

1 Retail Stock to Pick Up and 1 to Avoid

Soaring Inflation and supply chain disruptions have significantly dampened the retail sector’s growth this year. Amid slowing consumer demand, we think investors should invest in Walmart (WMT) since it possesses enough fundamental strength to withstand an economic downturn. On the contrary, Honest Company (HNST) should be avoided now, given its…

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Walmart Continues To Consolidate Metaverse Presence With Latest Acquisition Of Memomi

Walmart Inc (NYSE: WMT) agreed to acquire Memomi, an augmented reality (AR) optical tech company. The financial terms of the transaction remain undisclosed. Memomi is a leading technology provider for enhancing virtual optical try-on experiences, helping customers virtually "try on" eyewear in real-time for a seamless, easy, and fun omnichannel experience. Since 2019, Memomi…

Benzinga

Here's Why Kanzhun, Full Truck Alliance Shares Are Trading Higher Today

The app of online recruitment services company Kanzhun Ltd (NASDAQ:BZ) and two apps of the logistics platform Full Truck Alliance Co Ltd (NYSE:YMM), namely, Yunmanman and Huochebang announced the resumption of new user registrations, Reuters reports. The apps were under review by China’s cyberspace regulator. The Chinese government recently expressed support for the domestic tech industry, which had…

Benzinga

FTC Sues Walmart For Allowing Scammers Use Money-Transfer Services

The Federal Trade Commission has sued Walmart Inc (NYSE:WMT), alleging that the retail giant allowed its money-transfer services to facilitate fraud. According to the complaint, the company did not properly train its employees, failed to warn customers, and used procedures that allowed fraudsters to cash out at its stores. The financial services offered…

Benzinga

Effect Of Roe Vs. Wade Ruling - Pharmacies Ration Contraceptive Pills

Major pharmacies like CVS Health Corp (NYSE:CVS), Walmart Inc (NYSE:WMT), and Rite Aid Corporation (NYSE:RAD) have put a limit on purchases or deliveries of Plan B and other emergency contraceptive pills, writes Wall Street Journal. The move comes as demand for contraceptive pills spiked following the Supreme Court ruling overturning a constitutional right to abortion. These were in…

Benzinga

Walmart And 3 Other Stocks Insiders Are Selling

US stock futures traded slightly higher this morning on Monday after recording sharp gains in the previous session. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Know About Walmart's Latest Move Towards More Cloud Autonomy From Microsoft, Google

Walmart Inc (NYSE: WMT) developed the capability to switch seamlessly between cloud providers and servers using its own servers and software to deploy one of the most significant so-called hybrid clouds,

Benzinga

2 Beaten-Down Stocks That Benefit From Recessions

The red-hot inflation and the Fed’s aggressive rate hikes are raising the odds of the economy tipping into a recession. However, consumer goods and grocery stocks usually withstand the market turbulence because of stable demand for their products irrespective of the overall economic condition. And we think beaten-down consumer goods…

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Freshpet Recalls Dog Food Sold At Target And Walmart Over Possible Salmonella Contamination

Freshpet Inc (NASDAQ: FRPT) has recalled one of its dog food products sold at Target Corporation (NYSE: TGT) and Walmart Inc (NYSE:

Benzinga

Read Why This Analyst Cut Bed Bath And Beyond's Price Target By 60%

Telsey Advisory Group analyst Cristina Fernández lowered the price target on Bed Bath & Beyond Inc (NASDAQ:BBBY) to $6 from $15, implying a 10.45% downside. The analyst maintained an Underperform rating on the shares. The analyst is taking a subdued view due to more negative commentary from mass retailers like Big Lots, Inc. (NYSE:BIG), Target Corp (NYSE:TGT), and Walmart Inc (NYSE:WMT)…

Benzinga

Read Stephens' Analysts Take On Roku - Walmart Partnership

Roku, Inc (NASDAQ:ROKU) and Walmart Inc (NYSE:WMT) enabled a seamless T-Commerce checkout experience for CTV viewers, permitting product purchases to take place in conjunction with an associated advertisement Stephens analyst Nicholas Zangler noted. Roku will likely utilize targeting, optimization, and measurement capabilities to help advertisers deliver relevant, shoppable ads to consumers with a high propensity to respond, Zangler noted. …

Benzinga

Why Is Walmart Pushing Roku Stock Higher After Hours?

Roku Inc (NASDAQ: ROKU) shares are trading higher in Thursday's after-hours session after the company announced a partnership with Walmart Inc (NYSE: WMT).

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Benzinga

Walmart Hikes Pay For Pharmacy Technicians

Walmart Inc (NYSE:WMT) plans to raise the pay for Walmart and Sam’s Club pharmacy technicians to more than $20 an hour, effective this week. More than 36,000 pharmacy technicians are expected to be benefitted from the plan. The company had previously increased the wages for the technicians in August 2021. Also, Pharmacy technicians…

Benzinga

Tencent Buys $264M Stake In Walmart's Indian Unit

Chinese tech conglomerate Tencent Holdings Ltd. (OTC: TCEHY) has bought a $264 million stake in Walmart Inc (NYSE: WMT)-owned Indian e-commerce firm Flipkart, Press Trust of India

Benzinga

Walmart Confirms IPO Plans For Indian E-Commerce Arm

Walmart Inc (NYSE: WMT), confirming the initial public offering plans for its Indian arm Flipkart, said the company has managed to live up to its expectations ever since it took over the business four years ago.

Benzinga

10 Sports Franchises That May Entice Investors On Heels Of $2.4B Denver Broncos Deal

The Denver Broncos are breaking records this week off the football field. The National Football League franchise is being sold to an ownership group that includes Rob Walton, one of the heirs of Walmart Inc.

Benzinga

Why Nikola Shares Are Rising

Nikola Corporation (NASDAQ: NKLA) shares are trading higher after Walmart Inc. (NYSE: WMT) announced a proof of concept with the company to expand its transportation partnerships to reduce emissions.

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, June 8

CNBC

Benzinga

Walmart Heir Rob Walton Buys American Football Franchise Denver Broncos

Rob Walton, one of the heirs of Walmart Inc (NYSE:WMT) fortune, has agreed to acquire the American football franchise, Denver Broncos. The deal was sealed for $4.65 billion, the Wall Street Journal reported. The purchase and sale agreement calls for the Walton-Penner family to acquire the Denver Broncos from the Pat Bowlen Trust. The report…

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