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Walmart earnings top Q2 estimates, sees significant e-commerce growth
Walmart (WMT) smashes expectations in its second-quarter earnings beat, posting $161.6 billion in revenue — a 5.7 percent increase driven by an uptick in sales and 24 percent growth in Walmart’s e-commerce segment. Yahoo Finance Executive Editor Brian Sozzi joins the Live show to examine “one of the most mind-blowing quarters out of retail this year”, comparing Walmart’s success to Target’s challenging headwinds, while also quoting Walmart executives’ comments on the retail spending environment for U.S. consumers.
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Walmart’s Sales and Profit Rise, Fueled by Consumers Looking for Deals
The country’s largest retailer by revenue lifted its outlook amid its strong first-half performance.
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IPO market could see ‘real uptick’ in 2024, Citi’s US head of banking says
The IPO market is seeking stability going into 2024, John Chirico said.
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SentinelOne (S), Netskope Join Forces to Secure Modern Workforce
SentinelOne (S) and Netskope collaborate to offer SentinelOne Singularity App for Netskope that secures distributed work environments.
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SentinelOne (S) closed the most recent trading day at $14.71, moving -0.41% from the previous trading session.
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Over 1.5 million dehumidifiers are under recall after fire reports. Here’s what you need to know
More than 1.5 million dehumidifiers are under recall following reports of nearly two dozen fires, according to the U.S. Consumer Product Safety Commission. According to the CPSC, the now-recalled dehumidifiers can overheat, smoke and catch fire. Gree has received reports of at least 23 fires, 688 overheating incidents and $168,000 in property damage from the recalled products.
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Investor’s Business Daily
Adobe Stock Offers Potential 16% Return For Bullish Option Traders
Selling a put spread in Adobe stock would generate roughly $70 in premium, which would be a 16% return in just under one month.
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Yahoo Finance
Oil prices to hit $91 by year-end, UBS says
UBS strategists lifted their oil price forecast based on firming fundamentals, despite concerns about China’s economy.
20h ago Yahoo Finance
Walmart earnings smash expectations after weaker quarter from Target
Walmart’s grocery business, e-commerce efforts, and guidance raise shone in its second quarter earnings.
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The Wall Street Journal
CVS Health Stock Falls After Insurer Says It Will Drop Caremark
Shares of CVS Health dropped early Thursday after health insurer Blue Shield of California said it will [drop CVS’s Caremark pharmacy-benefit manager](https://www.wsj.com/health/healthcare/a-big-health-insurer-is-ripping-up-the-playbook-on-drug-pricing-ec152227) to work with other companies, including Amazon.
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Walmart CFO on gaining high-income shoppers: ‘This is not your grandfather’s Walmart’
Walmart’s refresh is inviting in a new wave of customers, according to the company’s C-suite.
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UiPath (PATH) Dips More Than Broader Markets: What You Should Know
UiPath (PATH) closed the most recent trading day at $15.29, moving -1.1% from the previous trading session.
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Fortune
The world’s biggest single investor in the stock market returned $143 billion in the first half of the year thanks to A.I. and tech
It comes after the fund suffered one of its worst years in history in 2022.
1d ago Benzinga
Barrick Gold CEO Says This Is The ‘Most Strategic’ Metal Of Them All — And It’s Not Gold
Barrick Gold Corp. (NYSE:GOLD) is one of the largest producers of gold in the world. But CEO Mark Bristow recently emphasized the importance of another metal to keep an eye on. During an interview with CNBC, Bristow said, “My view is that copper is the most strategic metal out of all the metals.” He pointed out that batteries are a major driver for copper demand, but there’s more to the story. “Batteries is not a long-term solution for the future of a better planet for all,” Bristow said. “What’
TipRanks
Oppenheimer Says These 2 Beaten-Down Stocks Could Double Your Money — Here’s Why They Could Rebound
Over the summer months the bull market that has defined 2023 so far has been taking a break. The question is, can it regain momentum and push ahead again? Or as Oppenheimer’s Chief Investment Strategist John Stoltzfus puts it, is it just “the pause that refreshes?” While Stoltzfus notes the potential for “some uptick in volatility” in the weeks and months ahead, his overall view of what’s to come next will be encouraging to investors. “We remain positive on the US economy and the equity markets,
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Business Insider
‘Big Short’ investor Michael Burry’s new bets against the S&P 500 and Nasdaq-100 are no surprise. Here’s why.
Michael Burry has repeatedly sounded the alarm on stocks, and said the passive-investing boom could lead to a worse disaster than the dot-com crash.
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Nikola (NKLA) May Find a Bottom Soon, Here’s Why You Should Buy the Stock Now
Nikola (NKLA) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock’s potential for a turnaround in the near term.
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C3.ai, Inc. (AI) Dips More Than Broader Markets: What You Should Know
C3.ai, Inc. (AI) closed at $31.69 in the latest trading session, marking a -1.86% move from the prior day.
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Bitcoin Tumbles Below $29,000. Here’s How Much Further It Can Fall.
After weeks of inaction, cryptos have a catalyst. Expectations of higher interest rates for longer send Bitcoin and other tokens spiraling.
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Palo Alto’s Unusual Timing On Earnings Is Making Wall Street Nervous
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