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The Latest Breaking News from WMT

Walmart vs. Home Depot: Which Mega-Cap Retailer is a Better Buy?

Concerns over the possibility of the Fed’s aggressive interest rate hike to control the surging inflation have led to a broad-based sell-off over the past few weeks. Amid the uncertainties surrounding the market, mega-cap retailers Walmart (WMT) and Home Depot (HD) should be able to deliver stable returns because of…

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Ohio Lawyer Says Pharmacy Distributors To Pay $878M For Opioid Epidemic

A lawyer for two Ohio counties said that CVS Health Corp (NYSE:CVS), Walgreens Boots Alliance Inc (NASDAQ:WBA), and Walmart Inc (NYSE:WMT) should fund an $878 million plan addressing the opioid crisis, writes Reuters. In November, a federal jury decided that the companies created a public nuisance by flooding Ohio's Lake and Trumbull counties with addictive prescription pain…

Benzinga

5 Blue-Chip Stocks Outperforming the Market in 2022

The stock market closed in the red yesterday as concerns about inflation again spooked investors. Blue-chip stocks are known for their rich history of sustained gains. Hence, we think blue-chip names Walmart (WMT), AbbVie (ABBV), Cigna Corp (CI), International Business Machines (IBM), and Johnson & Johnson (JNJ), whose stocks have…

StockNews.com

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5 Cost-Conscious Retail Stocks That Could Thrive During a Recession

Many analysts believe that the U.S. economy is slipping into recession. We think investors looking to dodge the recessionary pressure could bet on discount retail stocks Costco (COST), Walmart (WMT), BJ’s Wholesale (BJ), PriceSmart (PSMT), and Target (TGT). So, let’s discuss.

StockNews.com

3 Must-Own Dow Jones Stocks to Buy in May

Looking to scoop up shares of fundamentally sound stocks during the market sell-off? Then consider these three Dow Jones stocks: Cisco (CSCO), Coca-Cola (KO), and Walmart (WMT).

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$100 Invested In Walmart 5 Years Ago Would Be Worth This Much

Walmart (NYSE:WMT) has outperformed the market over the past 5 years by 3.34% on an annualized basis producing an average annual return of 15.38%. Currently, Walmart has a market capitalization of $425.00 billion.

Benzinga

Walmart Launches Activewear & Swim Brand With Michelle Smith, Stacey Griffith

Walmart Inc (NYSE:WMT) has unveiled its activewear and swim brand, Love & Sports, created in partnership with fashion designer Michelle Smith and indoor cycling instructor Stacey Griffith. The activewear collection is available at Walmart.com and in 1,500 Walmart stores. The retailer said collections would drop seasonally, with new additions like footwear and…

Benzinga

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Will Grocery Prices Remain Elevated Throughout 2022?

Multi-decade high inflation is reflected in consumer staples like grocery items. While grocery prices are expected to rise further, an inelastic demand should help grocery retailers stay afloat by passing on the rising costs to consumers. In this article, I am going to discuss how inflation is expected to treat…

StockNews.com

Walmart+ Offers Fuel Discount To Members

Walmart Inc (NYSE:WMT) said members of its Walmart+ program would receive an instant discount of up to 10 cents on every gallon of fuel they purchase at participating fuel stations. Walmart+ fuel discount is available at more than 14,000 stations with the addition of 12,000 Exxon Mobil Corp (NYSE:XOM) Exxon and Mobil locations across the…

Benzinga

Walmart vs. Big Lots: Which Stock is a Better Buy?

Discount store operators should witness significant demand amid inflationary pressure exacerbated by supply chain disruptions and the Russia-Ukraine crisis. So, Discount retailers Walmart (WMT) and Big Lots (BIG) should perform well this year. But which of these two stocks is a better buy now? Read on to learn more.

StockNews.com

4 Rock-Solid Dow Jones Stocks to Buy and Hold

Despite volatile market conditions owing to the Russia-Ukraine war, supply chain bottlenecks, high inflation, and imminent aggressive federal interest rate increases, the Dow Jones Industrial Average has managed to advance over the past month on an improving labor market and strong corporate results. So, we think it could be wise…

StockNews.com

5 Ultra-Safe Dividend Aristocrats to Buy in a Market Downturn

Worries over intensifying supply disruptions with growing sanctions on Russia have shaken investors. Furthermore, rising crude oil prices coupled with record-high inflation have given rise to recession fears. Thus, we think it could be wise to bet on ultra-safe dividend aristocrats Johnson & Johnson (JNJ), Walmart (WMT), PepsiCo (PEP), Abbott…

StockNews.com

Looking At Walmart's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Walmart (NYSE:WMT). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Plug Power Inks Deal To Fuel Walmart's Fleet Of Material Handling Lift Trucks

Plug Power Inc (NASDAQ:PLUG) has signed an agreement with retailer Walmart Inc (NYSE:WMT) for an option to deliver up to 20 tons per day of liquid green hydrogen. The hydrogen will power material handling lift trucks across Walmart distribution and fulfillment centers in the U.S. The partnership is a part of Walmart’s aim to incorporate alternative…

Benzinga

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Benzinga

Why Plug Power Shares Are Surging

Plug Power Inc (NASDAQ: PLUG) shares are trading higher Tuesday after the company announced an agreement with Walmart Inc (NYSE: WMT).

Benzinga

Walmart Appoints PayPal CFO John Rainey As Finance Head

Walmart Inc (NYSE:WMT) has appointed John Rainey as its Executive Vice President and Chief Financial Officer (CFO), effective June 6, 2022. Rainey joins the company from PayPal Holdings Inc (NASDAQ:PYPL), where he currently serves as the CFO and EVP, Global Customer Operations. After almost seven years at PayPal, Rainey is leaving the company to join Walmart. He…

Benzinga

Walmart Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bullish stance on Walmart. Looking at options history for Walmart (NYSE:WMT) we detected 10 strange trades.

StockNews.com

As Inflation Rages, here are 5 Discount Store Stocks to Add to Your Watchlist

The Russia-Ukraine war has exacerbated supply chain disruptions worldwide, causing many economists to forecast that inflationary pressure will persist longer than expected, irrespective of federal interest rate hikes. Amid rising prices, discount store operators should witness significant demand because they sell products at prices lower than traditional retail stores. So,…

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news in one place.

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Benzinga

Walmart Raises US Trucker Annual Pay To $110,000

Walmart Inc (NYSE:WMT) has raised the starting pay for the drivers of Walmart Private Fleet to $110,000 a year. The retail giant employs about 12,000 long-haul truck drivers under its fleet. The move comes amid a shortage of drivers that threatens to prolong supply chain snarls and merchandise shortages, Reuters reported. "We're proud to…

Benzinga

India's Tata Group Goes Head On With Amazon, To Roll Out New Super App For All Shopping Needs

The Indian conglomerate Tata Group will roll out an all-in-one e-commerce app allowing users to buy everything from apparel to airline tickets, Bloomberg reported. Mumbai-based Tata Digital Pvt’s digital services platform, Tata Neu, will go live to consumers on April 7. The report noted Tata Neu is expected to give more power to…

Benzinga

Walmart's Indian E-Commerce Arm Flipkart Boosts IPO Valuation: Reuters

Walmart Inc (NYSE:WMT) owned Indian e-commerce company Flipkart has boosted its IPO valuation to $60 billion - $70 billion from the previous $50 billion, Reuters reported. Also, Flipkart has postponed its plans for the U.S. listing to 2023 instead of 2022. The report noted that the Indian company has decided to wait…

StockNews.com

The potential for aggressive interest rate increases by the Federal Reserve this year, further Western sanctions against Russia, and intensifying supply chain disruptions have caused the market to suffer another selloff. Therefore, investors seeking to avoid market volatility and generate stable returns could consider betting on quality mega-cap stocks UnitedHealth…

Benzinga

Walmart Opens New Health Centers In Florida

Walmart Inc (NYSE:WMT) has launched five new Walmart Health centers across North and Central Florida. Walmart Health brings accessible care to Floridians, beginning in Jacksonville and four additional locations in the Jacksonville, Orlando, and Tampa areas. Walmart Health centers provide several services, including primary care, labs, X-ray and EKG, behavioral health and counseling,…

Benzinga

Walmart Marketplace Launches New-Seller Savings Program

Walmart Inc (NYSE:WMT) has launched New-Seller Savings, a limited-time promotion exclusive to new sellers. Sellers who join Walmart Marketplace by May 31, 2022, and begin selling on Walmart.com by June 30, 2022, will get a 50% discount on commission rates for the first 90 days. The retail giant has also extended its…

StockNews.com

4 Top Stocks to Invest in if We Head into a Recession

Lingering supply crunch and soaring inflation have increased the odds of the Fed raising interest rates aggressively later this year, which could dampen corporate earnings. Moreover, as the GDP is estimated to be lower than the prior estimate, many analysts expect the economy to witness recessionary pressure. Therefore, it could…

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