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Oppenheimer raised its price target on Walmart to $75, reiterating its outperform rating on shares. Goodall's $70 price target implies 32.3% potential upside for the stock, which has advanced 28.2% this year already. His price target of $165, up from $145, implies upside of nearly 22% over the next 12 months. COF YTD mountain — Fred Imbert 5:42 a.m.: Oppenheimer hikes price target on Walmart, supports premium valuation for shares Walmart shares are still positioned for steady outperformance, according to Oppenheimer. Analyst Rupesh Parikh reiterated his outperform rating and lifted his price target by $6 to $75, which suggests shares could climb 11.8%.

Persons: Oppenheimer, Jefferies, Goldman, Didier Scemama, Scemama, — Pia Singh, Goldman Sachs, Toshiya Hari, Jensen Huang, Hari, James Goodall, Goodall, John Hecht, Hecht, Fred Imbert, Rupesh Parikh, Parikh Organizations: CNBC, Walmart, buildout Bank of America, Nvidia, United Airlines, Atlantic, Delta, United, Jefferies, Discover Financial Locations: North America, Taiwan, COF

☆ Nvidia's 10-for-1 stock split takes effect soon. What it means for your investment
▼ + stars: | 2024-06-06 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Stock splits like Nvidia's don't matter, or do they? With its stock hovering around $1,200 a share, Nvidia's 10-for-1 split kicks in after Friday's market close. Clearly, employee compensation in the form of stock options becomes far more manageable. Options The impact of stock splits is clearly felt in the options market – whether that is good or bad, well, it depends on the investor. Bottom line Stock splits don't have any impact on a company's underlying business fundamentals — and, therefore, our determination on whether a company is investable.

Persons: Jim Cramer, Here's, there's, That's, Jim Cramer's, Jim Organizations: Walmart, Nvidia, Chipotle, CNBC Locations: Plenty

☆ Walmart rolls out new training programs for skilled trades as it tries to fill high-demand roles
▼ + stars: | 2024-06-05 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Walmart on Wednesday said it will offer new training programs and certifications to fill high-demand roles across its business, such as HVAC technicians, opticians and software engineers. The retail giant aims to retain market share gains, particularly in the grocery department, during a period of high inflation. Walmart also kicked off a $9 billion project to upgrade and modernize more than 1,400 of its stores, representing more than a quarter of the total Walmart stores across the country. The company's total annual compensation for the median employee was $27,642 in the most recent fiscal year, according to the company's 2024 proxy report. Those skilled trade jobs pay between $19 and $45 per hour, said Lo Stomski, the company's chief talent officer.

Persons: Lo Stomski, Stomski, it's Organizations: Walmart, U.S . Department of Health, Human Services, Target, Amazon, Workers Locations: Dallas, Fort Worth, Bentonville , Arkansas

☆ Stocks making the biggest moves premarket: Hewlett Packard Enterprise, Instacart, CrowdStrike and more
▼ + stars: | 2024-06-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Hewlett Packard Enterprise — The technology stock climbed 15% after Hewlett Packard reported stronger-than-expected results for its fiscal second quarter. Dollar Tree — The discount retailer slipped 2% after reporting first-quarter results that were in line with analysts' expectations, according to LSEG. PVH — Shares slipped more than 1% after the luxury clothing brand owner announced that Martijn Hagman, CEO of Tommy Hilfiger Global and PVH Europe, would be leaving the company. PVH also reported a first-quarter earnings and revenue beat and raised its full-year earnings guidance. Instacart — Shares of the e-commerce company rose nearly 2% after an upgrade to buy from hold at research firm Gordon Haskett.

Persons: CrowdStrike, LSEG, Hewlett Packard, Rick Dreiling, PVH, Martijn Hagman, Tommy Hilfiger, Nio, Roaring Kitty, Tom O'Malley, Gordon Haskett, Hanesbrands, —, Jesse Pound Organizations: Hewlett Packard Enterprise, PVH, Reuters, AMC Entertainment, GameStop, Materials, KLA, Barclays, Taiwan Semiconductor Manufacturing, Authentic Brands Locations: PVH Europe, China

☆ 68-year-old started writing down a simple list in high school—it helped her become a CEO
▼ + stars: | 2024-06-04 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Julia Stewart's strategy for success is printed on a piece of paper she keeps framed on her desk. It's a list of "life goals" the 68-year-old CEO has been making, and regularly updating, for roughly five decades now. "I started my first life goals when I graduated from high school. The current list of life goals that sit, framed, on Alurx CEO Julia Stewart's desk in Pasadena, California. It's much more about me making certain that, in my day to day, I'm helping others [and] making a difference," says Stewart.

Persons: Julia Stewart's, I've, Stewart, IHOP's, She's, Tim, —, Julia Stewart Early, Burger King, I'm Locations: Pasadena , California

One of the most important steps you can take is building a website for your business. I got my first business website around 2000. I vowed never to have another business website I couldn't manage myself. I built my freelance writing website in WordPress, which is much fancier than I could have designed without those tools. One way to choose a page builder is by looking at templates and using the builder for the template you like.

Persons: — Organizations: Service, WordPress, Beaver

☆ Visitors to Australian gallery surged 24% after billionaire Gina Rinehart objected to her unflattering portrait, director says
▼ + stars: | 2024-06-02 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Read previewVisitors to the National Gallery of Australia have surged by 24% since reports first emerged that the country's richest person had tried to get an unflattering portrait of her taken down, the gallery's director has said. The estimates hearing was called to discuss Rinehart's donation of an approved portrait of herself to Australia's National Portrait Gallery. Rinehart is the daughter of iron ore magnate Lang Hancock. AdvertisementOne of the company's main assets is the Roy Hill iron ore mining project. The project is located in Western Australia's Pilbara region and currently delivers "60 million tonnes per annum of iron ore to international markets," according to the official website.

Persons: —, Nick Mitzevich, We're, Gina Rinehart, Vincent Namatjira, Barbra Streisand's, Streisand, Jason Reed, Namatjira, Bree Pickering, Rinehart, Pickering, Rinehart . Rinehart, Lang Hancock Organizations: Service, National Gallery of Australia, Business, Sydney Morning Herald, Hancock, National, Australia's, Australian Broadcasting Corporation, Bloomberg Locations: Malibu, Hancock, Western Australia's

☆ Ex-CEO of $2 billion company: I couldn't break the glass ceiling—so I went around it instead
▼ + stars: | 2024-05-31 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Julia Stewart, the former CEO of Dine Brands, who is now founder and CEO of wellness company Alurx. Julia Stewart's rise to CEO was nothing like climbing a career ladder. She's currently the CEO of wellness company Alurx, which she founded in 2020. Sometimes, that meant moving to different regions within the same company, Stewart says. Instead, learning more about how individual restaurants brought in money opened up Stewart's career path.

Persons: Julia Stewart, Julia Stewart's, Stewart, She's, —, Carl's, Burger, Stuart Anderson's, she'd, could've, IHOP's, Applebee's Organizations: Dine Brands, Dine, CNBC, San Diego State University, Burger King, Angus, Taco Bell, Taco, Applebee's Locations: Taco

☆ Target is lowering prices and boosting its budget brands as it battles Walmart for shoppers on the hunt for deals
▼ + stars: | 2024-05-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Walmart has augmented its reputation for low prices with a number of Target-coded improvements such as refreshed stores, upscale product assortment, and smoother e-commerce options to see strong gains among higher-income shoppers. AdvertisementThe numbers indicate Walmart (among others) may be picking Target's pocket in terms of market share as inflation-weary consumers hunt for the best value for their dollar. Earlier this year, Target went after budget-minded buyers with a new line of essentials under the Dealworthy brand. Then late last month, Walmart took a shot at Target's Good & Gather-owned brand with an all-new upscale private label called Bettergoods.

Persons: —, Brian Cornell, Cornell, Christina Hennington, Target, Bettergoods, Hennington, We've Organizations: Service, Walmart, Business, Target Locations: Dealworthy

☆ The 'Oracle of Wall Street' shares a secret sign of economic strength 'hiding in plain sight': Young Americans are outspending cash-poor baby boomers
▼ + stars: | 2024-05-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Younger Americans are finally outspending baby boomers, former Wall Street bank analyst Meredith Whitney recently noted. That's an encouraging sign for the US economy, which most economists believe is healthy, though some bearish prognosticators have serious doubts. There are several possible explanations for these findings and numerous takeaways from them, the "Oracle of Wall Street" said. However, young Americans' spending power shouldn't be discounted, as Whitney suggested that they command relatively high salaries since they attend college at higher rates. A continued economic expansion would be especially crucial for Gen Zers and millennials, who are entering the workforce or establishing their careers.

Persons: —, Meredith Whitney, That's, Whitney, Zers, relaunching, boomers, it's, Gen Zers Organizations: Service, Business, Meredith Whitney Advisory Group, Target, Starbucks, BI, Walmart, American, American Express Locations: Street

☆ Three gig workers explain how they got deactivated on apps from Doordash to Walmart's Spark
▼ + stars: | 2024-05-25 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

That's because apps like DoorDash, Instacart, Uber Eats, and Walmart's Spark frequently deactivate the accounts of their drivers over minor issues — or no obvious issue at all, according to delivery workers who have spoken to Business Insider. Deactivated without doing a single orderOne Ohio delivery worker told BI she signed up for Walmart's Spark delivery service last fall. Advertisement"I was forced to rely on my DoorDash account, which only has bike mode," the second driver said. Then in January, the second driver said, his girlfriend's DoorDash account was reactivated after she tried contacting DoorDash multiple times. But that same month, DoorDash deactivated his own account, citing "suspicious activity."

Persons: —, Uber, DoorDash, hasn't, Instacart Organizations: Service, Business, Walmart Locations: Ohio, California

☆ How the Monaco Grand Prix became the most iconic F1 race
▼ + stars: | 2024-05-24 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +8 min

The Monaco Grand Prix is the crown jewel of Formula 1, known for its glitz and glamour. In the decades since then, the Monaco Grand Prix has become the crown jewel of Formula 1 — and arguably the most famous race in the world. Senna's surprising defenseThat crash was a distant memory by 1992, as Senna unexpectedly claimed his fifth Monaco Grand Prix victory. While he didn't gain any victories during his Mercedes stint, he earned a pole position at his final Monaco Grand Prix at 43. Daniel Ricciardo celebrating his Monaco Grand Prix win in 2018.

Persons: —, it's, Bob Varsha, Varsha, Clive Rose, Zak Brown, McLaren, Lando Norris, It's, Juan Manuel Fangio, Alfa, Yves, Giraud Cabantous, Maurice Trintignant, Robert Manzon, Giuseppe Farina, Jackie Stewart, Stewart, Jackie, Ayrton Senna, Senna, Ayrton Senna's, Nigel Mansell, Brown, Mansell, Michael Schumacher's, Mercedes, Mark Webber, Schumacher, Daniel Ricciardo, Lewis Hamilton, Ricciardo, Dan Istitene, Charles Leclerc —, he's, Leclerc Organizations: Monaco, Service, Prix, ESPN, Miami Grand Prix, Indianapolis, Le, Alfa Romeo, Formula, Getty, Universal Pictures, Williams, Renault, Mercedes F1, Netflix, Monaco Grand Prix, Monaco —, Ferrari Locations: Monte Carlo, Monaco, Argentine, British

☆ Walmart's crushing it while Target's putting up largely in-line results, says Jim Cramer
▼ + stars: | 2024-05-22 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Walmart's crushing it while Target's putting up largely in-line results, says Jim Cramer'Mad Money' host Jim Cramer compares the recent performance of big box retailers Walmart and Target to each other.

Persons: Jim Cramer Organizations: Walmart, Target

☆ Walmart just opened two new Neighborhood Markets with a larger layout. Take a look.
▼ + stars: | 2024-05-21 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

The first two new stores in Walmart's 150-location plan have opened in Florida and Georgia. The Neighborhood Markets are almost 50 percent larger than Walmart's typical grocery-focused store. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe first two locations in Walmart's five-year, 150-store expansion plan have opened in Florida and Georgia. The pair of grocery-focused stores are the first new openings in Walmart's Neighborhood Market segment in more than four years.

Persons: — Organizations: Service, Business Locations: Florida, Georgia

☆ Goldman's tech analyst gives his top picks from here after evaluating first-quarter earnings results
▼ + stars: | 2024-05-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Goldman's top technology analyst is laying out his best internet picks as the first-quarter earnings season wraps up. He added that Alphabet should benefit from signs of strong advertising demand as it recovers from overblown concerns regarding long-term search. Sheridan also expects Meta Platforms to benefit from similar ad trends and its AI potential. Beyond the megacap names, Sheridan highlighted Expedia as a stock that should benefit from the normalization of online travel toward pre-Covid levels. EXPE YTD mountain Shares this year Instacart is another internet stock poised to benefit in this changing consumer landscape, including consolidation toward fewer online services and platforms, according to Sheridan.

Persons: Eric Sheridan, Sheridan Organizations: Amazon, Web Service, Sheridan, CART, UBER

☆ Nestle to launch Vital Pursuit frozen-food brand targeting GLP-1 users
▼ + stars: | 2024-05-21 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Nestle is launching a new frozen-food brand, Vital Pursuit, aimed at the growing market of consumers who are using GLP-1 drugs like Ozempic and Wegovy. In October, Walmart's U.S. CEO John Furner told Bloomberg that people who pick up GLP-1 drugs from its pharmacies are buying less food, typically with fewer calories. But Nestle sees an opportunity to cater to those consumers through Vital Pursuit. Vital Pursuit's packaging won't include mentions of GLP-1 medications, but Nestle said the company will more directly connect the brand to the drugs on social media. The food company expects that its global growth will slow this year as inflation-weary consumers buy less of its products.

Persons: Oprah Winfrey, Elon, Morgan Stanley, John Furner, Nestle, Steve Presley, Laffy, Ferrero, Presley Organizations: Nestle, Walmart's U.S, Bloomberg, Vital, North, CNBC, Toll, Lean, Swiss Locations: U.S, GLP

☆ What Walmart's RTO mandate is really about
▼ + stars: | 2024-05-20 | by ( Dominick Reuter | Tim Paradis | ) www.businessinsider.com time to read: +7 min

Walmart's chief people officer, Donna Morris, commented similarly in a memo announcing the layoffs and relocations earlier that week. She wrote that working in an office would help workers collaborate, innovate, and "move even faster." Still, some employees continued working remotely, and several satellite offices remained open in cities like Atlanta, Dallas, Toronto, and Seattle. He also said he doesn't think the company is using this RTO mandate as a cover for achieving cost savings through workforce reductions, commonly referred to as "quiet firing," but that it's more part of Walmart's ethos. For the remote worker BI spoke with, the next few weeks will be filled with uncertainty.

Persons: —, it's, Sam Walton, Nelson Lichtenstein, Doug McMillon, Donna Morris, Morris, Suresh Kumar, Walmart's, Kumar, Kelli Oakes, she'd, I'm, Oakes, Lichtenstein, there's, Gartner Organizations: Service, Walmart, Business, University of California, Executives, BI, Home, LinkedIn, Walmart Global Tech, Sam's Club, UC Locations: Arkansas, Bentonville , Arkansas, New York, San Francisco, Santa Barbara, Bentonville, Atlanta, Dallas, Toronto, Seattle, Bay, Hoboken , New Jersey, South Carolina, Northwest Arkansas

"Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending," McDonald's CEO Chris Kempczinski said on the company's conference call in late April. Paul Weaver | SOPA Images | Getty ImagesFor more than two years, consumers have dealt with sharply rising prices. But that doesn't mean the actual prices seen on grocery store shelves or restaurant menus will fall, and shoppers are feeling that pinch. While some CEOs have said that consumers are growing more cautious, others — like those in the airline industry — have celebrated strong and persistent spending. Corporate misfires can also lead to disappointing sales, even if their shoppers aren't necessarily pulling back on their spending.

Persons: Chris Kempczinski, Burger, Paul Weaver, Jerome Powell, Aurelia Concepcion, Concepcion, it's, Joe Raedle, Brett House, John David Rainey, Ramon Laguarta, Ed Bastian, We're, Daniel Slim, Brian Niccol, Calvin McDonald, Laxman Narasimhan, Sara Senatore, Spencer Platt Organizations: DAL, Washington Post, Home, Delta Air Lines, Consumers, of Labor, CPI, KFC, Starbucks, Columbia Business School, Walmart, Finance, CNBC, PepsiCo, Gatorade, Pepsi, United, Delta Airlines Boeing, Owen Roberts International, AFP, Getty, Delta, Target, Bank of America Locations: Manhattan, Bloomsburg , Pennsylvania, New York, Georgia, Ohio, Miami , Florida, U.S, Delta, Europe, Asia, Japan, George Town, Cayman Islands, New York City

☆ Two trades to generate some income from outperforming retailers Walmart and Amazon
▼ + stars: | 2024-05-17 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

As we think about the multiple premium afforded to online retailers such as Amazon, Walmart's global eCommerce sales rose 21%. Walmart shares, at 26 times earnings, are value-priced relative to Costco's 46 times earnings. Amazon trade Amazon (AMZN) is growing topline considerably faster. Amazon revenues overtook Costco in 2016, and 2025 could be the first year that Amazon revenues exceed Walmart's. If growth is what you're after buy Amazon.

Persons: eCommerce Organizations: Walmart, Costco, Sam's

☆ Top Street analyst is right about the stock of this off-price retailer: It's a buy
▼ + stars: | 2024-05-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

A top Wall Street analyst's stellar endorsement of TJX Companies makes us want to buy more shares of the discount retailer. Matt Boss of JPMorgan — Jim Cramer's favorite retail analyst — said Friday that several off-price retailers, including Ross Stores , Burlington Stores , and Club holding TJX, were buys. One possible catalyst for TJX stock is the company's quarterly earnings report this coming Wednesday before the opening bell. Part of the reason is also the growing appeal in off-price retailers and discounters as consumers in higher and higher income brackets seek value. "I continue to think that Costco is the stock to buy off of Walmart," Jim said Thursday.

Persons: Matt Boss, JPMorgan, Jim Cramer's, —, Boss, HomeGoods —, Jim, TJX, Walmart's, Jim Cramer, Jeff Greenberg Organizations: TJX Companies, Ross Stores, Burlington Stores, JPMorgan, Walmart, Costco, TJX, CNBC, Universal, Getty Locations: Maxx, Port St Lucie , Florida

☆ Latest shipping data reveals that mid-range retail is the new consumer price sweet spot
▼ + stars: | 2024-05-17 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Almost 80% of current freight orders received for peak season are for mid-range price items, the survey shows. Similar to last year, respondents expect less consumer appetite for luxury and aspirational luxury items imported. The world's second-largest ocean freight company, Maersk, recently told CNBC it expected a "normal" peak season. "There's nothing that indicates that it would be a slower peak season or a bigger peak season," said Charles Van der Steene, president of Maersk North America, in a recent interview with CNBC. "We believe in normalized peak season.

Persons: Eric Thayer, Robinson, Kuehne, Nagel, Noah Hoffman, Hoffman, hypersensitive, Charles Van der Steene, We've, John David Rainey, Rainey, Larry, Jon Gold, Nate Herman, Biden Organizations: US, Bureau, Bloomberg, Getty, CNBC, Chain Survey, National Retail Federation, American Apparel and Footwear Association, United National Consumer Suppliers, ITS Logistics, DHL, Uber Technologies, C.H, Maersk, Walmart, Uber, International Longshoremen's Association, ILA, United States Maritime Alliance, Brands Locations: of Los Angeles, Los Angeles , California, U.S, Panama, Maersk North America, East Coast, Gulf, East, North America, West, Coast

☆ Gina Rinehart, a mining magnate worth $22 billion, wants her portrait removed from an Australian gallery
▼ + stars: | 2024-05-16 | by ( George Glover | Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Australia's richest woman has demanded an unflattering painting of her be taken down. The portrait, by Vincent Namatjira, shows mining magnate Gina Rinehart with a double chin. The National Gallery of Australia and Namatjira have both rejected Rinehart's request. AdvertisementAustralia's richest woman wants a portrait of her taken down from the country's national gallery, outlets including the Sydney Morning Herald reported. Both mining magnate Gina Rinehart and associates at her company, Hancock Prospecting, have made multiple approaches to the gallery with the demand, the newspaper reported.

Persons: Vincent Namatjira, Gina Rinehart, — Organizations: of Australia, Service, Sydney Morning Herald, Nations, National Gallery of Australia, Business

☆ Why Jim Cramer says Costco is the 'stock to buy off of' Walmart's big quarterly beat
▼ + stars: | 2024-05-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "I continue to think Costco is the stock to buy off of Walmart," Jim said Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow, Morgan Stanley, Jim, Jim Cramer's Organizations: CNBC, Nasdaq, Palo Alto Networks, Honeywell, General, GE Healthcare, Costco, Walmart, Dow Locations: U.S

☆ Walmart will have trouble keeping affluent consumers, fmr. Walmart U.S. CEO Bill Simon predicts
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart will have trouble keeping affluent consumers, fmr. Walmart U.S. CEO Bill Simon predictsBill Simon, Former Walmart U.S. CEO, joins 'Fast Money' to talk economic trouble that may be lurking behind Walmart's positive numbers.

Persons: Bill Simon Organizations: Walmart, Walmart U.S

☆ Walmart's e-commerce business begins to threaten Amazon's supremacy
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart's e-commerce business begins to threaten Amazon's supremacyCNBC's Deirdre Bosa reports on information from Walmart and Amazon.

Persons: Deirdre Bosa Organizations: Walmart, Amazon

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