Posts Tagged ‘Wal-Mart’

Wal-Mart Beats, Shares Up

9:15am (EST) Wal-Mart (WMT, $52.97) reported 3Q earnings before the bell that came in better than Wall Street’s expectations.  The world’s largest retailer posted a profit of $3.24 billion, or $0.84 a share.  Expectations were for 81 cents, so the company beat by 3 cents.  For 4Q, Wal-Mart sees earnings coming inRead more

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Monday Morning Notes

9:00am (EST) We are looking at a slightly negative open with futures trading lower this morning. Around the globe, the Asian markets have posted impressive gains but the major European exchanges are experiencing a decline.  As a result, Dow futures are currently down 39, or 0.4%, to 9,276.  The S&P 500 futures are off by 5, or 0.3% toRead more

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More on General Motors – Update at 1:30pm

1:30pm (EST) Just wanted to add something to the blog below. The GM June 1 puts (GMVR, $0.61, up $0.07) have traded nearly 100,000 contracts as open interest has swelled to over 425,000 contracts. The put options opened at 57 cents today. The action is amazing and it remains toRead more

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Market Heads Lower

Wal-Mart Gets Whacked

Wal-Mart (WMT, $51.52, down $4.02) is feeling the blues this morning as Wall Street is punishing the stock after the company cut its fourth quarter earnings forecast. The company now expects earnings of $0.91-$0.94 a share, versus a prior forecast of $1.03-$1.07 a share. Wal-Mart blamed bad weather and lowerRead more

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Before the Bell

Futures are trading lower this morning, which could lead to a potentially negative start this morning. The market rallied big-time on Thursday as the Dow managed to gain a little over 550 points, or nearly 7%, to finish at 8,835. The “snap-back” rally came on the heels of the marketRead more

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Abercrombie, Kohl's Up Before Earnings

Abercrombie & Fitch (ANF, $53.62, up $32.36) and Kohl’s (KSS, $48.85, up $1.26) have been all over the map this week as both companies prepare to announce earnings over the next 24 hours. Kohl’s will announce after the bell today, ANF before the bell Friday. ANF has been trading betweenRead more

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Wal-Mart Slips Despite Strong 1Q

The market is always looking ahead. Even after a solid 1Q on higher sales and profits, Wal-Mart Stores (WMT, $56.65, down $1.37) spooked Wall Street after giving cautious 2Q guidance. The company reported income of $3.02 billion for the quarter, up nearly 7% from $2.82 billion, versus the same periodRead more

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The Perfect Storm for Wal-Mart?

With tax refunds hitting consumer pockets over the next few days and weeks, Wal-Mart (WMT, $57.96, up $0.61) could be the “Retailer of Choice” as people spend their rebates on the 800-pound discount gorilla. The company is offering to cash the checks for free and said no purchase will beRead more

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