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Walmart-Backed Symbotic Stock Plunges on Accounting Errors
Investopedia· 2024-11-28 03:45
Key TakeawaysSymbotic, the Walmart-backed artificial intelligence (AI) warehouse technology company, warned Wednesday about accounting errors.Symbotic said it was delaying its annual report and revising its current-quarter outlook because of the accounting mistakes.Symbotic shares plunged after the news Wednesday, losing nearly 40% of their value in intraday trading. Shares of Symbotic (SYM) cratered Wednesday after the artificial intelligence (AI)-driven warehouse technology company announced it was delayi ...
Walmart Stock Analysis: Buy, Hold, or Sell?
The Motley Fool· 2024-11-27 23:18
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Walmart. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Why Is Dividend King Stock Walmart Hitting an All-Time High While Target Plummets to a 52-Week Low?
The Motley Fool· 2024-11-27 20:30
With Walmart firing on all cylinders, Target can only blame macroeconomic challenges so much.Walmart (WMT 2.02%) and Target (TGT -3.05%) are two well-known big-box retailers competing in various product categories. Many Walmart and Target stores feature grocery sections and a mix of staples and discretionary goods.However, these two companies also have their share of differences, and so do their stock prices. Walmart just hit an all-time high and is up a mind-numbing 72% year to date, while Target is near a ...
Walmart Is Up 72% in 2024, but Is the Dow Dividend Stock a Buy at an All-Time High?
The Motley Fool· 2024-11-27 17:30
Earlier this month, Nvidia was added to the Dow Jones Industrial Average. It has nearly tripled in value this year -- making it by far the best-performing Dow component in 2024. But when it comes to Dow stocks that have been in the index for longer than just a few weeks, Walmart (WMT 2.02%) takes first prize as the best performer year to date, with a whopping 72.1% gain compared to just a 17.5% gain for the index.Here's what's behind Walmart's breakout year and if the dividend stock is worth buying at its a ...
2 Stocks Set to Benefit from a Busy Holiday Season: WMT, AMZN
ZACKS· 2024-11-27 07:41
The holiday season is rapidly approaching, with many consumers ready to get out there and shop. And several companies, including Amazon (AMZN) and Walmart (WMT) , could see a nice boost from the period thanks to their robust digital offerings.Let’s take a closer look at each.Amazon Gets Bullish on Holiday Season Concerning headline figures in Amazon’s latest quarterly release, the company exceeded both consensus EPS and sales expectations handily. EPS grew 70% year-over-year, whereas sales of $60 billion re ...
Walmart Stock Reaches 52-Week High: Time to Capitalize or Wait?
ZACKS· 2024-11-27 00:51
Walmart Inc. (WMT) continues to tread the growth path, with its shares reaching a 52-week high of $90.95 on Monday, before closing the trading session slightly lower at $89.50. The omnichannel retailer has gained 6.4% in just a week, driven by its stellar third-quarter fiscal 2025 results released on Nov. 19, 2024.The retail giant outperformed expectations in the quarter, delivering robust year-over-year growth in both revenues and earnings while surpassing the Zacks Consensus Estimate on both metrics. Addi ...
With Walmart Upbeat About the Holiday Shopping Season, Is Now the Time to Buy the Stock?
The Motley Fool· 2024-11-26 21:00
Even as consumers have experienced some continued stress from the prior period of high inflation, Walmart (WMT -1.04%) continues to be one of the biggest winners in the retail space. The retail giant posted another strong quarter of sales and took a positive view on the upcoming holiday season.The stock is now up more than 60% year to date, as of this writing. The question for investors is, can the momentum in the stock continue? Let's take a closer look at its most recent results and guidance to help find ...
Walmart follows other companies in scaling back diversity policies
Proactiveinvestors NA· 2024-11-26 20:25
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Walmart pulls back on DEI efforts, removes some LBGTQ merchandise from website
CNBC· 2024-11-26 10:57
文章核心观点 - 沃尔玛确认终止部分多元化倡议,移除网站上部分LGBTQ相关商品,并逐步关闭资助少数族裔项目的非营利组织[1][3][4][5][6][7][8] 多元化倡议的终止 - 沃尔玛终止了部分多元化、公平和包容性(DEI)倡议,包括移除网站上部分LGBTQ主题商品,如面向 transgender youth 的 chest binders[4] - 公司决定停止与追踪公司LGBTQ政策的非营利组织 Human Rights Campaign 分享数据[4] - 沃尔玛逐步取消了供应商多元化计划,该计划曾为某些群体(如女性和少数族裔)提供优先融资[6] - 公司不再使用“多元化、公平和包容性”或DEI这一术语,例如,其前首席多元化官职位现称为首席归属官[6] 非营利组织的关闭 - 沃尔玛正在逐步关闭 Center for Racial Equity,该非营利组织于2020年成立,旨在对抗系统性种族主义,公司及其基金会承诺在五年内投入1亿美元[5] 其他相关变化 - 沃尔玛将继续资助活动,如Pride游行,但将增加资金使用指南[7] - 这些变化是在保守派活动家 Robby Starbuck 的压力下发生的,他威胁要对沃尔玛进行消费者抵制[8] - 沃尔玛与 Starbuck 进行了对话,并已经在进行一些DEI相关的改变[8] 行业趋势 - 沃尔玛加入了一长串公司的行列,这些公司在保守派活动家的压力下退出了多元化、公平和包容性努力[1] - 一些公司,如 Tractor Supply、Lowe's、Ford 和 Molson Coors,最近也缩减了其公平和包容性政策[2] - 其他公司,如 Anheuser-Busch 旗下的 Bud Light 和 Target,在营销活动或商品聚焦LGBTQ社区后,面临了强烈的反对和销售额下降[3]
Walmart must pay nearly $35M to truck driver after accusing him of fraud, firing him
Fox Business· 2024-11-26 05:01
文章核心观点 - 沃尔玛被判支付前卡车司机Jesse Fonseca近3500万美元,原因是陪审团认定沃尔玛错误指控他欺诈并解雇他 [1][2] 法律判决 - Jesse Fonseca被判获得2500万美元的惩罚性赔偿,以及970万美元的工资和福利损失及非经济损害赔偿 [2] - 陪审团认定Fonseca没有违反沃尔玛的诚信政策 [2][4] 沃尔玛的回应 - 沃尔玛称判决“荒谬”,并计划继续上诉 [5] - 沃尔玛表示将追求所有可用的法律补救措施 [5] 案件背景 - Fonseca在2019年对沃尔玛提起诉讼,声称他在2017年因工作受伤,并被医生建议停止驾驶商用车辆 [5][7] - 沃尔玛未能适应这些工作限制,并在Fonseca处于医疗休假期间解雇了他 [7] 案件细节 - Fonseca被沃尔玛监控发现他驾驶个人车辆,但他认为自己只被限制驾驶商用车辆 [7][8] - 沃尔玛内部欺诈调查员发现Fonseca诚实可信,没有欺诈行为,但报告仍被转交给沃尔玛的道德部门 [9]