WMT - Walmart Corp. (NYSE Stock)

[lovemoney]

Lol, well since Walmart decided to join in the chaos and take it's turn at dragging down the market and everything with it, I thought I'd post a thread for it. :D

http://stockcharts.com/h-sc/ui?s=wmt...d=p00172784905

NEW YORK (Reuters) - U.S. stocks skidded on Tuesday on fresh signs that global credit markets were seizing up, while a lower profit forecast from Wal-Mart Stores Inc. (NYSE:WMT - News) renewed worries about consumer spending.

Wal-Mart's pessimistic outlook and subsequent news that a U.S. investment firm wants to halt redemptions delivered a one-two punch to already shaky confidence.

WAL-MART WOES

Wal-Mart blamed pressure from the housing market for its disappointing earnings report and the reduction in its full-year earnings forecast, sending its shares down 5.1 percent to $43.82, leading decliners in the S&P.

[BadThad]

I used to own it, then it just sat there and sat there doing nothing.....for over a year. Great company, stock is sucky.

[Grizzums]

The nice thing about WMT bringing down the retailers is it opens up a decent oppty to get TGT at a nice price....watch for a dip below the 200 and then perhaps snatch a few up at around $59 for a starting position...

Good Luck.

[Grizzums]

Originally Posted by Grizzums

The nice thing about WMT bringing down the retailers is it opens up a decent oppty to get TGT at a nice price....watch for a dip below the 200 and then perhaps snatch a few up at around $59 for a starting position...

Good Luck.

This is sure working well...retailers have been an area that I have stayed away from, but I have liked TGT and got in below that 200....

http://stockcharts.com/h-sc/ui?s=TGT...d=p52380254797

Good Luck.

[lovemoney]

Good call on that one Griz!

[BadThad]

Yea, below the 200MA would have been an excellent buy point for TGT.

[Grizzums]

Walmart been defying the DOW. Do a comparison between WMT and the DJI and watch where some smart money has gone. Not a great sector although WMT kind of falls between discretionary and staples....nevertheless, WMT has outperformed the DOW, and both discretion and staple spiders....going into a recession (already there), WMT customer base should expand...

[sg1efc]

Wal-Mart cutting 700-800 jobs at headquarters
13 mins ago

BENTONVILLE, Ark. – Wal-Mart Stores Inc. says it is cutting 700 to 800 jobs at its northwestern Arkansas headquarters.

Spokesman David Tovar said Tuesday that the company was cutting those jobs at its headquarters and would be adding employees at the company's stores. He said the company would be adding thousands of jobs at Wal-Mart and Sam's Club stores this year.

Wal-Mart and Sam's Clubs have about 30,000 employees in northwestern Arkansas, including about 14,000 at their Bentonville headquarters.
Wal-Mart cutting 700-800 jobs at headquarters - Yahoo! News

[BadThad]

Somebody's making money:

Wal-Mart posts February sales, hikes dividend

By Andria Cheng, MarketWatch
Last update: 11:40 a.m. EST March 5, 2009Comments: 8NEW YORK (MarketWatch) -- Wal-Mart Stores Inc. on Thursday posted better-than-expected February sales results, boosted by value-seeking shoppers, and hiked its dividend by 15%.
Shares of Wal-Mart (WMT:Wal-Mart Stores Inc
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Last: 49.97+1.48+3.05%

12:40pm 03/05/2009

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WMT 49.97, +1.48, +3.1%) , a component of the Dow Jones Industrial Average, rose 4.7% to $50.74.
The Bentonville, Ark.-based retail giant raised its annual payout to $1.09 a share from 95 cents, with a 27.25-cent quarterly payment.
Wal-Mart said that February sales at stores open at least a year jumped 5.1%, more than double the 2.4% average increase expected by analysts surveyed by Thomson Reuters. Sales rose 5% in the U.S. and climbed 5.9% at Sam's Club, both beating Wall Street expectations.
Overseas comparable sales fell 11%. Excluding the impact of currency translations, Wal-Mart's international sales would have risen 9.9%.
The company's results helped U.S. retailers to deliver in February their best sales performance in five months, with total sales flat compared to the original projection of a drop of as much as 2%, according to the International Council of Shopping Centers.
Excluding Wal-Mart, February's same-store sales would have dropped 4.1%, according to ICSC. See full story on retail results.
With its "Save Money. Live Better" tagline, Wal-Mart has been able to bolster traffic and win shoppers who are facing rising job losses and the global recession. The company credited declining gas prices, which significantly boosted household disposable income.
Gasoline prices have declined from a peak of more than $4 a gallon in July to $1.80 in January, according to Energy Information Administration statistics.
While benefiting from the current environment, Wal-Mart has also been able to attract shoppers through its efforts to revamp stores and add products, such as Apple Inc.'s (AAPL:Apple Inc
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Last: 89.33-1.84-2.02%

12:40pm 03/05/2009

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AAPL 89.33, -1.84, -2.0%) iPhone and exclusive apparel lines like l.e.i., investors and analysts said.
"Wal-Mart recognized very early on that consumers are changing," said Peter Kwiatkowski, who helps manage billions in assets at Fifth Third Asset Management, which owns retail stocks including Wal-Mart. "They are being very aggressive. They've become more efficient and partnering with vendors more. They've got things [such as iPhone] that are creating a little bit of the buzz. They continue to be the low-price leader."
In comparison, rival Target Corp. (TGT:target corp com
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Last: 26.56-0.60-2.21%

12:40pm 03/05/2009

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TGT 26.56, -0.60, -2.2%) posted a 4.1% drop in same-store sales. The company has been hurt by its heavier exposure to discretionary merchandise and consumers' perception that its products are pricier than those at Wal-Mart. Target is also increasingly touting value and adding more food to its product mix. Its shares declined 2.2%.
At Wal-Mart U.S., grocery, health-and-wellness items and entertainment led the sales gains, with home products and hard-line goods also posting positive results. At Sam's Club, sales were driven by fresh food, dry grocery and consumables. Shoppers who are dining and entertaining more at home also lifted sales of housewares, while furniture, jewelry and other large-ticket items remained soft, Wal-Mart said.
Outside the U.S., Wal-Mart is expanding its everyday low-price pitch in Japan and increasing its supercenter growth in Canada.
Sales at ASDA in the U.K. remained strong, with food continuing to outperform, Wal-Mart said.
In Mexico, the retailer's comparable sales rose 4.7%. They turned slightly negative in Canada as shoppers focused on necessities and avoided buying discretionary items in apparel, home and shoes.
Japan and Brazil also showed positive same-store-sales increases, Wal-Mart said.

[greencat]

WMT broke out of a consolidation pattern and pulling back to support. WMT never seems to get the big push..but has a nice setup

WMT Charts