After a meteoric run, Walmart stock has finally pulled back. Walmart's ramp-up in capital expenditures is justified, given its strong return on investment. The stock sports a premium valuation and a relatively low yield.
After hitting record highs over the past two sessions, the S&P 500 stepped back Thursday. The S&P 500 declined by 0.4%, while the Dow Jones Industrial Average fell by 1.0% and the Nasdaq moved lower by 0.
Amazon (NASDAQ:AMZN) has surpassed Walmart (NYSE:WMT) in quarterly sales for the first time ever, bringing the e-commerce giant closer to catching up with the world's largest retailer. Walmart (NYSE:WMT) on Thursday reported fourth-quarter revenue of $180.
Walmart's board has raised the quarterly dividend by 13%, to 23.5 cents from 20.75 cents, marking the 52nd straight year that the retail giant has boosted its payout. The new dividend, equal to 94 cents a year,
Investors eye Walmart's disappointing guidance. Live updates on stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Stock futures were wavering early Friday after dropping on Thursday. Earnings from Walmart, which competes with Amazon as the country’s biggest retailer, have cast a pall over the outlook for consumer spending—the biggest part of the economy.
Stock futures are slightly lower Thursday morning after two consecutive days of gains for major U.S. indexes. Futures tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq
Palantir (NASDAQ: PLTR) stock is getting hit with another day of substantial sell-offs in Thursday's trading. Palantir's valuation is retreating today after Walmart issued sales guidance for this year that spooked Wall Street.
Rising inflation and interest rates have taken a toll on many retail companies. Leaders like Walmart and Costco have handled the headwinds well and have seen their share prices soar, but they also don’t pay a high dividend yield and recently traded at expensive valuations.
Walmart continues to demonstrate robust market ... and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. With headquarters in the heart of Chicago's financial district ...
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