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Payoneer to be Acquired by Canada's Nuvei in $2.75 Billion Deal
US Markets

Payoneer to be Acquired by Canada's Nuvei in $2.75 Billion Deal

Payoneer (PAYO) agreed to be acquired by Canada's Nuvei in an all-cash transaction valued at about $2.75 billion, creating a global platform for local and cross-border commerce.The US payments firm's shareholders will receive $7.40 in cash for each share owned, the companies said Monday. Payoneer's shares closed at $6.75 on Friday."By combining complementary capabilities, we can offer businesses a more complete platform to accept payments, send funds, issue cards, manage treasury and (foreign exchange) needs, and access embedded financial services -- at scale," Nuvei Chief Executive Phil Fayer said in a statement.Upon closing, the combined company is expected to generate about $3 billion in annual revenue and process more than $500 billion in annual payment volume for over 2.4 million customers, the companies said.Payoneer's shares were up 4.2% in Monday trade.The deal combines Nuvei's payment acceptance platform with Payoneer's cross-border payouts, multi-currency account and banking network. The combined company offers a unified infrastructure for businesses operating across platforms such as Amazon (AMZN), eBay (EBAY), Walmart (WMT) and Airbnb (ABNB).The transaction is expected to support Nuvei's emerging financial models, including agentic commerce and stablecoin payments, the companies said. Payoneer has an established regulatory footprint in key markets, including China and India.The deal, which requires approval from regulators and clearance from Payoneer's shareholders, is expected to complete by mid-2027."Together, we will reach more businesses, in more markets, with a more complete platform," Payoneer CEO John Caplan said.Payoneer reported first-quarter earnings per share of $0.06 in May, up from $0.05 a year ago. Revenue excluding interest income grew 11% year-over-year.Price: $7.04, Change: $+0.29, Percent Change: +4.22%

$ABNB$AMZN$EBAY$PAYO$WMT
AI Likely to Become Functional Part Across Retail Operations, UBS Says
US Markets

AI Likely to Become Functional Part Across Retail Operations, UBS Says

Artificial intelligence will likely become a functional part across retail operations, with implications ranging from demand generation to cost structures, UBS Securities said in a note emailed Friday.The US hardline and food retail sector has mostly used AI in areas such as marketing, customer service chatbots and basic inventory optimization, the brokerage said.However, the technology is now being adopted more broadly across different functions, UBS analysts, including Michael Lasser, said."As consumers increasingly rely on large language models and agentic systems to discover, evaluate, and purchase goods, traditional traffic channels -- stores and websites -- may become less central," Lasser said. "This raises important questions around traffic monetization, particularly for high-margin businesses such as retail media."UBS expects higher-income consumers to influence demand dynamics, as the top 10% of households dictate about half of all spending.AI may exacerbate income inequality, benefiting premium categories and adding pressure on value-oriented segments, according to the UBS note. This means retailers may have to alter strategies to reflect "a more bifurcated consumer landscape."Retailers that use AI-driven marketing are likely to see improved customer acquisition efficiency, Lasser said.On the cost management front, he said working capital needs could drop due to the automation of repetitive processes and improved inventory management systems.While AI helps improve accuracy in stores and distribution centers, it introduces new costs, including cloud computing, data governance and cybersecurity, Lasser said.Retailers with integrated ecosystems are likely best positioned to benefit from mounting AI adoption, according to UBS. They include Walmart (WMT), Costco Wholesale (COST), Target (TGT), Home Depot (HD), Lowe's (LOW) and Kroger (KR).Also on that list are AutoZone (AZO), O'Reilly Automotive (ORLY), Wayfair (W) and Williams-Sonoma (WSM).Price: $120.42, Change: $-0.08, Percent Change: -0.07%

$AZO$COST$HD$KR$LOW$ORLY$TGT$W$WMT$WSM
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.7%.In corporate news, Walmart (WMT) stands to gain a competitive edge through its potential collaborations with fast-food chains and other businesses in the quick service restaurant industry, RBC said in a note. Separately, Walmart told employees that AI is intended to enhance their work rather than replace them as the retailer expands the use of the technology across its business, the Financial Times reported. Walmart shares rose 1%.Campbell's (CPB) reaffirmed its full-year outlook as it reported fiscal Q3 earnings above consensus, but sales fell short of expectations. Its shares declined 1.2%.Ingredion (INGR) has launched an all-cash tender offer to buy Tate & Lyle, valuing the specialty ingredients company at about 3.7 billion British pounds ($5 billion). Ingredion shares were up 0.2%.Uber's (UBER) efforts to buy Delivery Hero could face a new hurdle as Saudi Arabia-based startup Ninja is considering a bid for some of the German food delivery firm's Middle East assets, the Financial Times reported. Uber shares fell 0.6%.

$CPB$INGR$UBER$WMT
Sectors

Sector Update: Consumer Stocks Mixed in Afternoon Trading

Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.6%.In corporate news, Campbell's (CPB) reaffirmed its full-year outlook as it reported fiscal Q3 earnings above consensus, but sales fell short of expectations. Shares were down 0.8%.Walmart (WMT) stands to gain a competitive edge through its potential collaborations with fast-food chains and other businesses in the quick service restaurant industry, RBC said in a note. Separately, Walmart told employees that AI is intended to enhance their work rather than replace them as the retailer expands the use of the technology across its business, the Financial Times reported. Walmart shares rose 0.6%.Uber's (UBER) efforts to buy Delivery Hero could face a new hurdle as Saudi Arabia-based startup Ninja is considering a bid for some of the German food delivery firm's Middle East assets, the Financial Times reported. Shares fell 0.5%.

$CPB$UBER$WMT
Walmart Poised to Gain Competitive Advantage Through Quick Service Restaurant Partnerships, RBC Says
US Markets

Walmart Poised to Gain Competitive Advantage Through Quick Service Restaurant Partnerships, RBC Says

Walmart (WMT) stands to gain a competitive edge through its potential collaborations with fast-food chains and other businesses in the quick service restaurant industry, RBC Capital Markets said in a note e-mailed Monday.Last week, the retail giant said it was adding express delivery service from in-store restaurants, beginning with Subway. Starting this month, customers in select states will be able to order Subway meals through Walmart's app or website, with the offering to expand to 1,400 locations by the end of the summer.Walmart's management has been evaluating the viability of this service for six months and expects it to be rolled out to more quick service restaurants in the future, RBC said in a note to clients. The management has described the opportunity as "fourfold" as the retailer collects a fee on purchase, increases its mindshare and gains a competitive advantage over rivals that don't have a similar delivery network, according to the note.The company also has the potential to increase traffic or basket sizes and benefit e-commerce economics, the brokerage added.Walmart has yet to "materially" pass on high fuel prices to the consumer, though the move is "inevitable," if costs remain high, RBC analyst Steven Shemesh wrote in the note. During a recent event, management reiterated its expectations for fuel costs to grow to $250 million in the second quarter from $175 million in the prior three-month period, according to the brokerage."We believe price increases would disproportionately hit grocery relative to general merchandise, which we estimate could push food inflation to 2.5% to 3%," Shemesh wrote.However, the retail giant "feels very good" about current price gaps and margin levers at its disposal, which should allow it to maintain or grow its competitive positioning, Shemesh said. The company could also receive up to $3 billion in tariff refunds, reflecting a potential "war chest" for reinvestment, the analyst added.Last month, Walmart issued a downbeat fiscal second-quarter earnings outlook after posting better-than-expected revenue in the previous three-month period.Price: $119.80, Change: $+0.92, Percent Change: +0.77%

$WMT
Wire

Walmart Confident in Competitive Positioning Amid Pricing Pressure, RBC Capital Markets Says

Walmart (WMT) is facing upwards pressure on pricing, but the retailer is confident in its competitive positioning, RBC Capital Markets said in a note following the company's annual Associates and Shareholders Week in Arkansas.The investment firm said the "tone and messaging" at the event were consistent with the company's fiscal Q1 earnings call on May 21, with management reiterating that fuel costs are expected to rise to roughly $250 million in Q2 from about $175 million in Q1."We get the sense that the team has yet to materially pass on price to the consumer, but it feels inevitable if costs remain elevated," analysts wrote in the note Friday, adding that price increases would likely "disproportionately hit grocery relative to general merchandise."RBC said, however, that Walmart "feels very good" about current price gaps and the margin levers at its disposal, which should allow it to maintain or even widen its competitive positioning.Additionally, the company may get up to $3 billion in tariff refunds, which would give it "somewhat of a war chest for reinvestment -- a potential competitive advantage relative to pure play food retailers, who were less affected by tariffs last year," the note said.RBC Capital Markets has an outperform rating on Walmart and $137 price target.Price: $119.72, Change: $+0.84, Percent Change: +0.71%

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Wire

Walmart Maintains Upbeat Tone, Reinforces Value Strategy, Oppenheimer Says

Walmart (WMT) continues to project an upbeat management tone and remains firmly focused on value and convenience initiatives following recent analyst events in Arkansas, Oppenheimer said in a Monday note.Oppenheimer said management commentary suggested continued strength among upper-income consumers, while shoppers at the lower end remain under pressure, even as commentary from select other consumer companies has softened lately.Walmart remains confident in its competitive positioning despite Kroger moving more aggressively to lower prices, the firm said.Oppenheimer noted that the company is broadening its value offering through widespread price rollbacks across categories such as food, beverages, and electronics, reinforcing its strategy of price leadership.Walmart is also enhancing its private label and assortment strategy by improving branded products, launching new innovations, and expanding convenience services to drive long-term market share gains, the report added.Oppenheimer maintained its outperform rating on the stock with a price target of $140.Shares of Walmart were up 0.9% in Monday trading.Price: $119.99, Change: $+1.11, Percent Change: +0.93%

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Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.4%.In corporate news, Walmart (WMT) investors voted against a proposal asking the retailer to report on how its use of AI is affecting worker well-being, Reuters reported, citing preliminary voting results from the shareholder meeting. The shareholder proposal was filed by United for Respect, the report said. Walmart shares were up 0.5%.General Motors (GM) has rehired more than 100 members of its Cruise unit's team 18 months after killing off the self-driving vehicle unit, The Information Electric reported, citing Rashed Haq, GM's vice president of autonomous vehicles. GM shares were up 1.9%.Costco (COST) shares rose 0.8% after the company reported net sales of $24.01 billion in May, up from $20.97 billion a year earlier.Hyatt Hotels (H) shares climbed 1.8% after HSBC upgraded the stock to buy from hold with a price target of $212 per share.

$COST$GM$H$WMT
Wire

Market Chatter: Walmart Shareholders Reject AI Workforce Report Proposal at Annual Meeting

Walmart (WMT) investors voted against a proposal asking the retailer to report on how its use of artificial intelligence is affecting worker well-being, Reuters reported Thursday, citing preliminary voting results from the shareholder meeting.The shareholder proposal was filed by United for Respect, the report noted.Shareholders also rejected a separate proposal requesting a report on the impact of US immigration policy on Walmart's operations, the report added.Walmart didn't reply immediately to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $117.53, Change: $+0.64, Percent Change: +0.55%

$WMT
Sectors

Sector Update: Consumer Stocks Decline in Afternoon Trading

Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 2.1%.In corporate news, MGM Resorts International (MGM) shares jumped past 15% after the firm confirmed that it has received an offer from People Inc. to acquire all MGM shares that it does not already own for $48.30 per share in cash.Taylor Morrison Home (TMHC) shares surged 22% after the homebuilder agreed to be acquired and taken private by conglomerate Berkshire Hathaway (BRK.A, BRK.B) in an all-cash deal with an equity value of about $6.8 billion.Walmart (WMT) is capping its staff's usage of an artificial intelligence agent following a period of high demand, Bloomberg reported. The retail giant is now offering a limited amount of "tokens" per worker to use the AI agent, called Code Puppy, which helps employees with spreadsheets and presentations, among other tasks, the report said. Walmart shares were down 1.5%.

$MGM$TMHC$WMT
Wire

Update: Market Chatter: Walmart Limits Staff's Usage of AI Tool After High Demand

(Updates with Walmart's response to a request for comment in the last paragraph.)Walmart (WMT) is capping its staff's usage of an artificial intelligence agent following a period of high demand, Bloomberg reported Monday, citing people familiar with the matter.The retail giant is now offering a limited amount of "tokens" per worker to use the AI agent, called Code Puppy, which helps employees with spreadsheets and presentations, among other tasks, the people reportedly told Bloomberg. Previously, staff had an unlimited amount of tokens, the report said."As AI adoption grows across the company, our approach is to help associates experiment, solve problems and create better experiences for customers and members," a Walmart spokesperson told. "We want associates using AI in ways that create meaningful value, and we are supporting them with the skills and guidance to use the right AI for the right task."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $113.98, Change: $-1.77, Percent Change: -1.53%

$WMT
Wire

Market Chatter: Walmart Limits Staff's Usage of AI Tool After High Demand

Walmart (WMT) is capping its staff's usage of an artificial intelligence agent following a period of high demand, Bloomberg reported Monday, citing people familiar with the matter.The retail giant is now offering a limited amount of "tokens" per worker to use the AI agent, called Code Puppy, which helps employees with spreadsheets and presentations, among other tasks, the people reportedly told Bloomberg. Previously, staff had an unlimited amount of tokens, the report said.Walmart didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $113.81, Change: $-1.94, Percent Change: -1.68%

$WMT
Wire

Walmart Limits Staff's Usage of AI Tool After High Demand, Bloomberg Reports

Walmart Limits Staff's Usage of AI Tool After High Demand, Bloomberg Reports

$WMT
Wire

Tigress Adjusts Price Target on Walmart to $155 From $150, Maintains Buy Rating

Walmart (WMT) has an average rating of overweight and mean price target of $140.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $116.89, Change: $-2.01, Percent Change: -1.69%

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Wire

Walmart Connect Expands Access to First-Party Data Across Other Platforms

Walmart (WMT) is expanding access to its first-party data through its retail media advertising platform Walmart Connect, the company said Thursday.Advertisers will be able to target Walmart's customer data when they buy media inventory directly in other platforms, according to a statement.Walmart said that the initial launch partners include Yahoo DSP, with VIZIO inventory available on Magnite's platform. More platform partnerships are planned, the company said.Price: $118.27, Change: $-0.27, Percent Change: -0.23%

$WMT
Dollar General, Dollar Tree Face Mounting Pressures Amid Macro Headwinds, Deutsche Bank Says
US Markets

Dollar General, Dollar Tree Face Mounting Pressures Amid Macro Headwinds, Deutsche Bank Says

Dollar General (DG) and Dollar Tree (DLTR) face growing challenges amid mounting energy costs and a tough pricing environment, Deutsche Bank said in a Wednesday note.Dollar Tree is scheduled to release its first-quarter results on Thursday, followed by Dollar General on June 2. Both discount retailers have lost more than 20% each in value so far this year."While it's been a rough few months for shares of (Dollar General) and (Dollar Tree), we are incrementally more cautious not only on the low-end consumer ... but also these models' ability to absorb/mitigate rising energy costs at a time consumers seek affordability," Deutsche Bank analyst Krisztina Katai said.Gasoline and crude oil prices have surged due to supply disruptions caused by the Middle East conflict.Deutsche Bank downgraded its rating on Dollar General to hold from buy, and lowered the price target to $110 from $170.Shares of Dollar General "may be unable to outperform this year as numerous headwinds impact results," Katai said.The biggest challenge is for Dollar General to expand gross margin amid diesel cost pressures, at a time of "a sharp food retail pricing environment" led by major retailers Walmart (WMT), Kroger (KR), and Target (TGT), Katai said.Deutsche Bank reiterated its hold rating on Dollar Tree, with a price target of $99.While discretionary reads have been favorable, Dollar Tree is "at risk of losing share given value perception challenges with the rapid expansion of multi-price, and increased reliance on holidays/occasions to drive traffic/sales," Katai said. "Moreover, this plays out against a backdrop of rising costs."Price: $104.95, Change: $+1.34, Percent Change: +1.29%

$DG$DLTR$KR$TGT$WMT
Insider Trading

Walmart Insider Sold Shares Worth $359,368, According to a Recent SEC Filing

Christopher James Nicholas, Executive Vice President, on May 21, 2026, sold 2,900 shares in Walmart (WMT) for $359,368. Following the Form 4 filing with the SEC, Nicholas has control over a total of 577,853 common shares of the company, with 577,853 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/104169/000199280826000018/xslF345X05/wk-form4_1779482929.xml

$WMT
Insider Trading

Walmart Insider Sold Shares Worth $1,628,574, According to a Recent SEC Filing

John R. Furner, Director, President & CEO, on May 21, 2026, sold 13,125 shares in Walmart (WMT) for $1,628,574. Following the Form 4 filing with the SEC, Furner has control over a total of 799,550 common shares of the company, with 661,037 shares held directly and 138,512 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/104169/000169673726000016/xslF345X05/wk-form4_1779482974.xml

$WMT
Wire

Walmart's Q1 Offered Compelling Data Points That Strengthen Bull Case on 2nd P&L Thesis, UBS Says

Walmart's (WMT) Q1 offered compelling data points that strengthen the bull case on the 2nd P&L thesis, even as the company fell short against the heightened expectations for the quarter, UBS said in a research note.The retailer's ecommerce growth rate is sustaining at mid-20% and more, with the company investing in distribution capabilities that look to bolster its competitive advantage, according to the Thursday note.Walmart's key alternative revenue streams of marketplace and advertising are accelerating ahead of expectations, UBS said, adding that it believes there's a long growth runway in these businesses that will lead to significant margin expansion over time.Noting that the company was able to internalize $175 million of incremental fuel costs and still posted 30 basis points of US gross margin in Q1, UBS said that "contribution from these lucrative streams will move from mitigating any exogenous drawback to more than compensating for them."UBS lowered its price target to $141 from $147 and maintained its buy rating on the company's stock.Price: $120.19, Change: $-1.15, Percent Change: -0.95%

$WMT
Wire

Walmart Growth Resilient as Exogenous Factors Mask Underlying Bright Spots, RBC Says

Walmart (WMT) continues to show strong core business trends despite near-term headwinds, with exogenous factors such as higher fuel costs masking underlying bright spots, RBC Capital Markets said in a Thursday note.Higher fuel costs weighed on near-term margins, but the company's decision to absorb them is supporting competitiveness and market share gains, while strong performance continued across Walmart US, Sam's Club, and international operations, driven by e-commerce growth and improving unit economics, according to the report.RBC noted that Walmart's guidance of 4% to 5% Q2 constant currency sales growth and adjusted earnings per share of $0.72 to $0.74, and fiscal 2027 sales growth of 3.5% to 4.5% and EPS of $2.75 to $2.85 was below expectations, while highlighting that fuel costs and consumer pressure continue to weigh on near-term profitability assumptions.Earnings drivers include advertising, membership income, and international growth, with muted inflation and e-commerce initiatives such as faster delivery, marketplace expansion, and AI tools supporting long-term operating leverage, the report added.RBC maintained its outperform rating on the stock while lowering its price target to $137 from $140.Price: $119.77, Change: $-1.57, Percent Change: -1.29%

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