{ }
UBS has raised its target price for Walmart to $100, maintaining a "Buy" rating, while RBC increased its target to $96 with an "Outperform" rating. JPMorgan also upgraded Walmart to "Overweight" with a target of $97, highlighting strong sales and margin momentum following impressive third-quarter results. Walmart"s shares rose approximately 4.42% in pre-market trading after the company boosted its annual revenue growth forecast to 4.8% to 5.1%.
Ukraine has launched a military strike inside Russia using US-made long-range Atacms missiles for the first time, following the lifting of restrictions on their use. This significant escalation comes as Walmart reports better-than-expected third-quarter revenue, and Asian arms manufacturers experience a surge in defense stocks amid global rearmament efforts.
The Nasdaq rose over 1% and the S&P 500 also gained, driven by a surge in technology stocks ahead of Nvidia"s quarterly results. Walmart"s shares hit a record high after the retailer raised its annual forecasts, while the Dow finished lower amid geopolitical tensions. Nvidia"s stock climbed 4.9%, significantly boosting all three major indexes.
Nvidia"s stock rose nearly 5% to $147.01, with a significant 196% increase in 2024, as it prepares to report earnings. Retail giant Target also reports, while Walmart"s stock hit a new high after solid results. Delta Air Lines and United Airlines continue to see substantial gains, with Delta up 61% in 2024. Meanwhile, three utility companies—NiSource, Sempra, and Vistra—reached all-time highs, with Vistra gaining nearly 24% in November alone.
Jim Cramer highlighted the success of budget retailers like Walmart, which are thriving amid inflation due to their value offerings. Walmart"s recent earnings beat was driven by affordable merchandise and significant price rollbacks, attracting consumers, particularly those with higher incomes. Cramer noted that 75% of Walmart"s share gains came from households earning over $100,000, indicating a shift in consumer spending habits.
U.S. shippers face escalating uncertainty in early 2025 due to potential new Trump tariffs and a looming port strike starting mid-January. With strong consumer demand but macroeconomic risks, companies are strategizing inventory management amid expected disruptions, including the Lunar New Year manufacturing halt. The situation is compounded by ongoing negotiations over port labor and the impact of tariffs on global supply chains, prompting shippers to consider alternative freight routes and stockpiling strategies.
UBS has assigned Walmart a "Buy" rating with a target price of $92 following the company"s strong third-quarter results and an optimistic forecast. Analyst Michael Lasser noted that Walmart is in the early stages of a transformation, with ongoing upward revisions likely to boost the share price further.
Walmart reported strong quarterly results, with U.S. revenues rising as households increased spending on groceries, household items, and toys. Net income reached $4.58 billion, and adjusted EPS was $0.58, surpassing expectations. The company has raised its revenue growth forecast to 4.8% to 5.1% for the year, reflecting its ongoing success in capturing market share and attracting high-income shoppers.
IG
UBS has reaffirmed its Buy recommendation for Walmart Inc., the leading global retail group. As of January 2023, 83.3% of its sales come from the U.S. and Puerto Rico, primarily through Walmart and Sam"s Club, while international distribution accounts for 16.7% across various countries.
Walmart exceeded Q3 sales expectations with $169.6 billion, a 5.5% increase year-over-year, and earnings per share rose 13.7% to $0.58. The company also raised its 2025 financial forecast, now expecting EPS between $2.42 and $2.47, and sales growth of 4.8% to 5.1%. Following the announcement, shares rose over 3%.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.