REX WMT Growth & Income ETF (WMTI.US) Latest News & Headlines | Longbridge

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Walmart Stock (WMT) Target Slashed to $130 by Goldman Sachs as Sales Growth Slows
Tip Ranks·Aug 21 at 07:09 AM
- Goldman Sachs lowered Walmart Inc. ( WMT ) price target to $130 from $141 while maintaining a Buy rating. - Walmart shares fell over 9 % after reporting fiscal 2026 second-quarter results as investors focused on slower comparable-sales growth. - The analyst cited stretched valuation for the target cut while remaining positive on second-half drivers like eCommerce profits and marketplace growth.
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Mizuho Securities Remains a Buy on Walmart (WMT)
Tip Ranks·Aug 21 at 07:35 AM
- Mizuho Securities analyst David Bellinger maintained a Buy rating on Walmart with a price target of $130.00. - Walmart shares previously closed at $103.84, while the broader analyst consensus rating stands at a Strong Buy with an average price target of $132.08. - The analyst specializes in the Consumer Cyclical sector and tracks various retail stocks.
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Walmart Q2 FY27 GAAP EPS falls to $0.80; revenue rises 5.9% to $187.9 billion
PUBT·Aug 20 at 06:00 AM
- Walmart reported Q2 revenue of USD 187.9 billion, representing a 5.9% year-over-year increase, alongside a GAAP EPS of USD 0.80. - Operating income climbed 28.8% to USD 9.4 billion, driven by a 23% rise in global eCommerce sales and growth across all business segments. - Walmart lifted its full-year FY27 adjusted EPS forecast to USD 2.80 to USD 2.87 while projecting Q3 adjusted EPS between USD 0.62 and USD 0.64.
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New York supermarkets sue over Mamdani's municipal grocery stores
Thehill·17 hours ago
- A coalition of New York City grocers filed two lawsuits against Mayor Zohran Mamdani's administration over the planned municipal grocery stores. - The lawsuits allege that the city-run stores offering products 30 percent below market rates violate civil rights, deny equal protection, and harm minority and immigrant-owned businesses without proper impact analysis. - Mayor Mamdani defended the 70 million dollar taxpayer-supported initiative as a necessary response to the cost-of-living crisis aimed at providing affordable food options.
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Walmart's stock slides as investors worry that pressure on consumers is getting worse
MarketWatch·Aug 20 at 11:48 AM
- Walmart reported second-quarter revenue of $ 187.9 billion, while its stock dropped nearly 7 % amid investor concerns over slowing U.S. comparable sales growth. - The retailer achieved a 2.6 % increase in U.S. comparable sales, which was impacted by regulatory changes affecting drug prices in its pharmacy unit. - Walmart raised its full-year sales growth outlook to between 4 % and 5 %, driven by strong performance in global e-commerce and other divisions.
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American consumers are delivering a retail reality check as they laser in on bargains
MarketWatch·Aug 21 at 07:00 AM
- American consumers are demonstrating defensive and deliberate spending behaviors by hunting for bargains amid high inflation and elevated gas prices. - Major retailers like Walmart and Target reported that consumer foot traffic increased while spending per trip remained flat or decreased as shoppers resisted price hikes. - The shift in consumer habits has pressured retailer stocks and weighed on demand for big-ticket items and larger home improvement projects.
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QUICK SPARK: Walmart Will Use $2.9 Billion Tariff Refund To Keep Prices Low
benzinga_article·Aug 20 at 10:20 AM
- Walmart CFO John David Rainey announced that the retailer plans to use approximately $2.9 billion in expected U.S. tariff refunds to fund consumer price cuts starting in the third quarter. - Despite reporting second-quarter sales of $187.9 billion, Walmart experienced its slowest U.S. sales growth pace since 2020 alongside a pharmacy deflation headwind of 125 basis points. - Amid broader market tensions and geopolitical developments, Walmart stock dropped 9.32% on Thursday, reflecting a recent bearish trading trend.
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Walmart (NASDAQ:WMT) Downgraded to Accumulate Rating by Gordon Haskett
Market Beat·Aug 20 at 02:06 PM
- Walmart reported a fiscal second-quarter revenue of $187.94 billion and adjusted earnings of $0.81 per share, both beating analyst consensus estimates. - Despite the strong quarterly beat, the company issued soft third-quarter guidance and reported U.S. comparable sales growth of 2.6%, missing market expectations. - Following the earnings release and outlook, Walmart shares experienced a post-earnings drop, and Gordon Haskett downgraded the stock from a buy to an accumulate rating.
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Walmart Energizes 100th Store with EV Fast Charging in Monument, CO | WMT Stock News
StockTitan·Aug 21 at 01:00 AM
- Walmart celebrated the opening of its 100 th company-owned electric vehicle fast-charging site in Monument, CO, expanding its charging network to 100 stores across 20 states. - The initiative aims to provide dependable, accessible charging at shopping locations, featuring stalls with up to 400 kW of power and app integration for customers. - Walmart plans to continue expanding this charging network in markets requiring greater access, working with local utilities to bring new sites online.
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Walmart Inc. $WMT is Cumberland Partners Ltd's 6th Largest Position
Market Beat·Aug 20 at 02:44 AM
- Walmart Inc. reported a quarterly earnings per share of $0.66 on revenue of $177.75 billion, matching consensus estimates while experiencing strong institutional activity and insider stock sales. - Major institutional investors like Cumberland Partners Ltd and Vanguard Group Inc. adjusted their holdings in Walmart shares during recent reporting periods. - Wall Street analysts maintain a consensus Moderate Buy rating on Walmart stock with a target price of $138.50 amidst mixed market sentiment regarding valuation and growth.
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Walmart Just Posted Its Biggest One-Day Drop Since 2022. History Says What Its Big Drops Have Been Worth.
Motley Fool·1 day ago, 02:21 PM
- Walmart reported fiscal second-quarter revenue of $ 187.9 billion, up 5.9 % year over year, and raised its full-year outlook despite its stock falling 9.2 % to $ 103.84 due to slowing U.S. comparable sales growth. - Historical data shows that following the company's three largest single-day drops in the past 15 years, buyers experienced modest gains of 6 % to 14 % one year later. - The recent stock decline reflects investor concerns over decelerating revenue growth and a high valuation of about 37 times expected earnings rather than a profit shock.
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A massive 'corporate welfare' program is underway - and consumers want a bigger cut of it
MarketWatch·2 days ago, 06:00 AM
- Multinational corporations are receiving nearly $200 billion in tariff refunds following the Supreme Court's rejection of certain levies, while facing lawsuits from consumers and counterparties for retaining higher costs. - The article argues that companies improperly pocketed these rebates and passed unproven tariff burdens onto consumers through unjustified price markups and surcharges. - The author concludes that these corporate welfare refunds boost record earnings rather than aiding American households, contrasting with broader national debt and fiscal deficit challenges.
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Why Is Walmart Stock Trading Higher on Tuesday?
benzinga_article·Aug 18 at 08:53 AM
- Walmart Inc. stock traded higher as investors positioned themselves ahead of the company's second-quarter 2027 earnings report. - Analysts expected 74 cents in earnings per share on $186.82 billion in revenue, compared to 68 cents per share on $177.40 billion in the prior-year period. - The movement occurred amid a broader retail sales environment where U.S. July retail sales fell 0.6% monthly to $763.6 billion.
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Walmart Posts Strong Financial Results And Raises Guidance
Baystreet·Aug 20 at 09:01 AM
- Walmart reported Q2 earnings per share of $0.81 U.S. on revenue of $187.94 billion U.S., surpassing analyst expectations. - The company raised its full-year sales growth guidance to between 4% and 5%, alongside higher projected earnings of $2.80 U.S. to $2.87 U.S. per share. - Management expects approximately $2.9 billion U.S. in tariff refunds to help maintain low consumer prices amid spending strains from higher fuel and food costs.
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Dow Tumbles Over 700 Points As Yields Rise Again: Investor Sentiment Weakens, Fear & Greed Index Moves To ‘Neutral’ Zone
benzinga_article·Aug 21 at 03:02 AM
- U.S. stocks closed lower on Thursday, with the Dow Jones dropping over 700 points amid rising Treasury yields and a significant decline in Walmart shares. - The CNN Money Fear and Greed Index dropped to a reading of 52.5, shifting overall market sentiment into the neutral zone. - Economic reports showed initial jobless claims declining to 206,000 and the Philadelphia Fed Manufacturing Index rising to 47.4 in August.
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