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WMT

Walmart

$113.44

0.46 (0.41%)

12:36
07/11/19
07/11
12:36
07/11/19
12:36

Walmart told USTR that India's e-commerce rules were 'regressive,' Reuters says

Walmart privately told the U.S. government in January that India's new investment rules for e-commerce were "regressive" and could potential hurt trade ties, Reuters' Aditya Kalra reports, citing a company document obtained by the publication. In the January 7 email, Walmart's Senior Director for Global Government Affairs, Sarah Thorn, told the United States Trade Representative that "It came as a total surprise... this is a major change and a regressive policy shift." Walmart said in a statement to Reuters on Thursday that it regularly offers input to the U.S. and Indian governments on policy issues and this was a "past issue and Walmart and Flipkart are looking ahead." Reference Link

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WMT Walmart
$113.44

0.46 (0.41%)

07/08/19
MSCO
07/08/19
NO CHANGE
Target $115
MSCO
Overweight
Walmart making progress toward e-commerce profitability, says Morgan Stanley
After an article in Recode suggested Walmart is losing $1B per year in its U.S. e-commerce division, Morgan Stanley analyst Simeon Gutman noted that Walmart management has never quantified U.S. e-commerce losses, but has indicated losses will rise again in 2019. He estimates losses growing to about $1.7B in 2019 from about $1.4B in 2018. With that said, Gutman said he sees a path to e-commerce profitability that involves a more favorable product mix and fixed cost leverage, which are both areas where he believes the company is making progress. Gutman keeps an Overweight rating and $115 price target on Walmart shares.
07/11/19
STFL
07/11/19
NO CHANGE
Target $289
STFL
Buy
Costco price target raised to $289 following 'solid' June comps at Stifel
Stifel analyst Mark Astrachan noted that Costco (COST) reported "solid" June comparable sales growth of 5.1% total and 5.3% for its U.S. core business, which were both a bit better than consensus forecasts. He reads the results as an indication that Costco can coexist with large hardline competitors like Walmart (WMT) while having limited cannibalization from Amazon (AMZN), Astrachan tells investors. He also continues to view it as "reasonable" that Costco could declare a special dividend in the next few quarters given its "sizable and increasing" cash balance. Astrachan keeps a Buy rating on Costco shares and raised his price target on the stock to $289 from $261.
07/11/19
GSCO
07/11/19
INITIATION
Target $123
GSCO
Buy
Walmart initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Kate McShane started Walmart with a Buy rating and $123 price target. The analyst expects the company's "aggressive" omni-channel strategy to continue driving "strong" sales growth.
07/11/19
07/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Microsoft (MSFT) initiated with an Outperform at Cowen. 2. Petrobras (PBR) initiated with a Buy at Goldman Sachs. 3. Navidea (NAVB) initiated with a Buy at Maxim. 4. Immunic (IMUX) initiated with a Buy at Chardan. 5. Target (TGT) was initiated with a Conviction Buy at Goldman Sachs, while Walmart (WMT), Home Depot (HD), Lowe's (LOW), and Costco (COST) were initiated with a Buy, and Bed Bath & Beyond (BBBY) was initiated with a Sell. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

TAP

Molson Coors

$54.37

0.08 (0.15%)

18:06
07/18/19
07/18
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Molson Coors raises quarterly dividend to 57c from 41c per share »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:04
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18:04
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

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BAS

Basic Energy

$1.81

-0.1 (-5.24%)

18:02
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Basic Energy announces record setting lateral completion in Permian Basin »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:02
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Hot Stocks
Microsoft CFO continues to expect double digit revenue growth in FY20 »

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QTRH

Quarterhill

$1.23

(0.00%)

18:02
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WiLAN unit acquires patent portfolio from Vidiator »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:00
07/18/19
07/18
18:00
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18:00
Earnings
Microsoft sees total Q1 revenue at implied $31.7B-$32.4B, consensus $32.0B »

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RRGB

Red Robin

$30.58

0.32 (1.06%)

18:00
07/18/19
07/18
18:00
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18:00
Hot Stocks
Red Robin up 17% after confirming $40.00 per share offer from Vintage Capital »

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T

AT&T

$33.09

-0.17 (-0.51%)

17:54
07/18/19
07/18
17:54
07/18/19
17:54
Periodicals
AT&T mulls sale of Puerto Rican business to pay down debt, Bloomberg says »

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RRGB

Red Robin

$30.58

0.32 (1.06%)

17:53
07/18/19
07/18
17:53
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17:53
Hot Stocks
Red Robin confirms $40.00 per share cash buyout proposal from Vintage Capital »

Red Robin confirmed it…

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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:50
07/18/19
07/18
17:50
07/18/19
17:50
Hot Stocks
Microsoft CFO: Q4 another quarter of double-digit top and bottom line growth »

Says commercial bookings…

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HBIO

Harvard Bioscience

$1.78

0.03 (1.71%)

17:46
07/18/19
07/18
17:46
07/18/19
17:46
Hot Stocks
Harvard Bioscience names Michael Rossi CFO »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:43
07/18/19
07/18
17:43
07/18/19
17:43
Hot Stocks
Microsoft CEO seeing growing momentum across every layer of its stack »

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  • 18

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

17:38
07/18/19
07/18
17:38
07/18/19
17:38
Hot Stocks
Intuitive Surgical falls after Q2 report, despite earnings beat »

Shares of Intuitive are…

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GLD

SPDR Gold Shares

$136.44

1.85 (1.37%)

17:33
07/18/19
07/18
17:33
07/18/19
17:33
Hot Stocks
SPDR Gold Shares holdings rise to 814.62MT from 803.18MT »

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WAL

Western Alliance

$44.45

0.74 (1.69%)

17:29
07/18/19
07/18
17:29
07/18/19
17:29
Earnings
Western Alliance reports Q2 EPS 1.19, consensus $1.16 »

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  • 19

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ENB

Enbridge

$36.29

0.17 (0.47%)

17:22
07/18/19
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17:22
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17:22
Initiation
Enbridge initiated at Goldman Sachs »

Enbridge initiated with a…

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  • 02

    Aug

SEAS

SeaWorld

$33.81

0.38 (1.14%)

17:21
07/18/19
07/18
17:21
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17:21
Periodicals
Travel company Virgin Holidays will end selling tickets to SeaWorld, Sun says »

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  • 06

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IEP

Icahn Enterprises

$75.06

-0.14 (-0.19%)

17:20
07/18/19
07/18
17:20
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17:20
Syndicate
Breaking Syndicate news story on Icahn Enterprises »

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RICK

RCI Hospitality

$16.80

0.08 (0.48%)

17:13
07/18/19
07/18
17:13
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17:13
Hot Stocks
RCI Hospitality auditor BDO resigns, company files Nasdaq compliance plan »

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BEDU

Bright Scholar

$9.60

-0.06 (-0.62%)

17:03
07/18/19
07/18
17:03
07/18/19
17:03
Earnings
Bright Scholar reports Q3 EPS 16c, two estimates 21c »

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  • 19

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

17:03
07/18/19
07/18
17:03
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17:03
Hot Stocks
Intuitive Surgical refines FY19 procedure growth view to 16%-17% from 15%-17% »

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  • 18

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CUB

Cubic

$66.59

-0.37 (-0.55%)

17:01
07/18/19
07/18
17:01
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17:01
Hot Stocks
Cubic receives extension on simulation services contract in Australia »

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CLRO

ClearOne

$2.27

(0.00%)

16:52
07/18/19
07/18
16:52
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16:52
Hot Stocks
Shure files patent infringement suit against ClearOne »

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

16:50
07/18/19
07/18
16:50
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16:50
Hot Stocks
Intuitive Surgical says 74% of systems placed in Q2 were da Vinci XIs »

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  • 18

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ETN

Eaton

$79.03

-0.36 (-0.45%)

16:49
07/18/19
07/18
16:49
07/18/19
16:49
Hot Stocks
Eaton acquires Innovative Switchgear Solutions »

Eaton announced it has…

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