|Bid||86.84 x 1000|
|Ask||88.25 x 1000|
|Day's Range||87.94 - 89.19|
|52 Week Range||75.55 - 109.98|
|PE Ratio (TTM)||29.39|
|Earnings Date||Aug 16, 2018|
|Forward Dividend & Yield||2.08 (2.46%)|
|1y Target Est||95.12|
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.
Stores that sell car batteries, mufflers and other parts are facing new pressure since Amazon started selling auto parts online last year. Big retailers like Walmart have also jumped into the fray, in part, to compete against Amazon. So far, auto parts retailers have been spared from sharing the same fate as Barnes & Noble, Toys R Us and so many other companies rendered redundant by Amazon.
Auto parts retailers have been spared from sharing the same fate as Barnes & Noble, Toys R Us and so many other companies rendered redundant by Amazon. About 80 percent of AutoZone's business comes from people repairing their own cars with the other 20 percent coming from professional mechanics. Amazon AMZN has crushed many iconic American companies, but auto parts retailers like O'Reilly ORLY and AutoZone AZO have managed to fend them off.
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.
Shares of Walmart also saw gains as it was announced that the company may be working on a streaming video service that could rival Netflix and Amazon. It was also revealed that Walmart is partnering with Microsoft to take on Amazon as well.
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?
Asda, the British supermarket arm of Walmart (:WMT - News) that has agreed to be taken over by rival Sainsbury's (LSE:SBRY.L - News), has proposed the closure of an online grocery distribution center in London, putting 261 jobs at risk, it said on Tuesday. The group said it has entered into a consultation with staff at the facility in Enfield, north London. Asda said the Enfield site was restricted, preventing its further development.
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.
Among the companies with shares expected to trade actively in Tuesday's session are Goldman Sachs, Netflix, Amazon.com, Johnson & Johnson and UnitedHealth.
United Parcel Service Inc (NYSE:UPS - News) on Tuesday said it is testing "smart lock" technology that allows its delivery drivers to open doors and drop multiple packages at secure locations inside apartment buildings around New York City.The test includes "hundreds of non-doorman" multi-family buildings in Manhattan and Brooklyn that have installed Latch's "smart access system." The project comes as UPS is working to make "last-mile" e-commerce deliveries to households more convenient and cost effective by reducing package theft and the need for drivers to make repeated delivery attempts. "It's difficult to securely deliver packages in high-density, multi-family urban residences, especially when people are not at home," said Jerome Roberts, vice president of global product innovation at UPS.