Tuesday, August 16, 2022

Walmart's discounts send sales surging

Walmart on Tuesday offered a much rosier picture for consumer spending than it had forecast just a month earlier, as the company's steep discounts led customers to shop more at stores.
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Walmart's discounts send sales surging
Walmart on Tuesday offered a much rosier picture for consumer spending than it had forecast just a month earlier, as the company's steep discounts led customers to shop more at stores. Read more »
 
Why Bed Bath & Beyond's stock is up 60% today
Shares of Bed Bath & Beyond surged 60% to a near five-month high in volatile trading on Tuesday, as retail investors continued to drive up the highly shorted stock's price. Read more »
 
End of the Zoom boom? Citi analyst cuts stock to a rare 'sell' rating
Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of the pandemic in 2020. But, as more people go back to the office on a regular basis, the stock has plunged. And one top Wall Street analyst thinks the worst is still yet to come. Read more »
 
Walmart+ has an Amazon Prime Video competitor
Walmart+ — in its effort to become a true competitor to Amazon Prime — will offer Paramount+ as part of its membership offering, the companies announced Monday. Read more »
 
Record Home Depot sales show America's housing market is still strong
Soaring mortgage rates and unaffordable home prices are worrisome signs for the broader housing market and economy. In another worrisome sign, housing starts and building permits for July both fell from June levels and missed economists' forecasts. But don't tell that to Home Depot. The home improvement retail giant reported record earnings and sales for its most recent quarter. Read more »
 
Warren Buffett is still betting on America's economy
It's a moment of great uncertainty for the US economy, as high inflation and rising interest rates feed fears that a recession could be around the corner. But the Oracle of Omaha isn't losing faith. Read more »
 
 
 
 
Dow Nasdaq S&P
+239.57   -25.50   +8.06
34,152.01   13,102.55   4,305.20
+0.71%   -0.19%   +0.19%
YTD -6.02%   YTD -16.25%   YTD -9.67%
 
Biggest Winners
Walmart Inc +5.11%
 
Bath & Body Works Inc +4.64%
 
Target Corp +4.57%
 
Carnival Corp +4.48%
Biggest Losers
Universal Health Services Inc -3.00%
 
Edwards Lifesciences Corp -2.35%
 
Bio Rad Laboratories Inc -2.30%
 
West Pharmaceutical Services Inc -2.02%
Hottest ETF
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NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $87.05 -2.36 / -2.64%
Gold $1,790.30 -7.80 / -0.43%
10-yr 2.82% +0.03
Euro $1.02 +0.00 / +0.10%
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