13:32
Walmart Delivers Discounts to Satisfy Both Customers and Shareholders
Walmart's shares are on the rise ahead of the market open, soaring over three percent due to optimistic profit expectations. Despite inflation's burdens, Walmart enticed customers with discounts, resulting in a less severe earnings decline than previously feared—now estimated at nine to eleven percent. Last month, the retail giant stunned investors with a downgraded profit forecast.
12:58
Alas, Home Depot shares falter, falling two percent before the market opens. Investors weren't impressed, as the home improvement juggernaut didn't elevate their fiscal year outlook despite exceeding quarterly revenue and earnings expectations. Higher transaction costs partially offset by increased spending per transaction due to inflation were undermined by a three percent decrease in customer transactions in stores.
12:20
Pandora is taking an eight percent hit on the Copenhagen stock exchange, following disappointing US results. Despite the lack of inflation impact on the jewelry market, U.S. sales faced pressure. Analysts suspect a subpar quarterly result and the absence of a trading update as the reasons for investors' disappointment.
10:47
Delivery Hero is sailing ahead after announcing results, with shares surging as much as 13.7 percent. The optimistic outlook, alongside a positive analyst note from JPMorgan, is powering the stock's ascent.
10:18
Mining heavyweight BHP is striking the right chord with investors, reporting stunning results and a record dividend. BHP's stock sees a five percent boost on the London stock exchange, thanks to high coal and copper prices setting the company's highest profit in a decade.
09:55
Oil prices continue their descent as fears of weak economic prospects linger. North Sea Brent crude slips as much as 1.6 percent to $93.59 per barrel. An uninspiring Chinese economic outlook for July has traders worrying about demand yet again, reviving concerns about an economic slowdown.
As for Walmart (WMT), financial predictions indicate prices could range from $91–$144 for 2025, with revenue reaching $681 billion in fiscal 2025, underpinned by strong sales growth of over 4%. Retail domination, supply chain efficiency, and e-commerce expansion help drive Walmart's growth.
Home Depot (HD) faces challenges, such as housing market sensitivity, supply chain cost pressures, and the need for digital sales growth.
Pandora (PNDORA) grapples with competition from affordable luxury brands and custom jewelry trends, while its exposure to discretionary spending trends in Europe and Asia affects its performance.
Delivery Hero (DHER) shares the food delivery market's balancing act between growth and profitability, contending with high customer acquisition costs and regulatory risks in emerging markets.
Mining giant BHP Group (BHP) navigates commodity cycles, with demand tied to global manufacturing, green energy infrastructure, and exposed to operational risks such as climate policies and mine permitting delays.
Finally, oil prices are subject to geopolitical tensions, economic demand, and energy transition pressures.
- Walmart's stock price, despite a shocking downgrade in profit forecast last month, is now projected to range from $91 to $144 by 2025, with an average revenue of $681 billion in fiscal 2025, driven by strong sales growth over 4%.
- Home Depot's stock, despite beating quarterly revenue and earnings expectations, has been shaken by a three percent decrease in customer transactions in stores, potentially impacting the average growth for the fiscal year.
- Pandora's stock has taken an eight percent hit on the Copenhagen stock exchange after disappointing US results, with the average quarterly result being affected by competition from affordable luxury brands and custom jewelry trends.
