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May 25, 2012
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| 15:27 EDT |  | WMT |
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May 23, 2012
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| 14:00 EDT |  | WMT |
| theflyonthewall.com: | Wal-Mart says adding 100 Supercenters in FY13 | | Says adding 80+ Neighborhood Markets in FY13. Says believes Express format can be successful. Comments from slides that are being presented at the Morgan Stanley Retail and Restaurant Conference. :theflyonthewall.com |
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| 13:17 EDT |  | WMT |
| theflyonthewall.com: | CalPERS to withhold votes for nine Wal-Mart board members, Reuters reports | | The California Public Employees' Retirement System, or CalPERS, said that it plans to withhold votes for nine Wal-Mart (WMT.N) board members following allegations of bribery in Mexico, Reuters reports. Reference Link :theflyonthewall.com |
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| 06:49 EDT | | WMT |
| theflyonthewall.com: | Foreign retailers looking to exploit store closures, NY Times reports | | As multiple American retailers significantly reduce the number of stores they have in the country, foreign retailers like Japan's Uniqlo are hoping to exploit the opportunity by opening more stores here, according to The New York Times. Reference Link :theflyonthewall.com |
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| 06:37 EDT | | WMT |
| theflyonthewall.com: | Stocks with implied volatility below IV index mean; JCP WMT | | Stocks with implied volatility below IV index mean J.C. Penney (JCP), Wal-Mart (WMT ) according to iVolatility. :theflyonthewall.com |
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May 22, 2012
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| 11:22 EDT | | WMT |
| theflyonthewall.com: | CalSTRS to vote 5.3M shares against entire Wal-Mart board | | Jack Ehnes, CEO of CalSTRS, the California State Teachers’ Retirement System, made the following statement regarding CalSTRS’ intent to vote its 5.3M shares, worth $313.5M, at the upcoming shareholder meeting: "CalSTRS believes former and current Wal-Mart executives and board members breached their fiduciary responsibilities. They did so by failing to respond to indications of a pattern of unethical conduct in the company’s foreign operations. Beyond that, CalSTRS believes that in some cases, Wal-Mart leadership actively suppressed an internal investigation which would have brought these improper actions to light. Based on these allegations, which indicate a breakdown of corporate governance and lack of oversight that should have averted this situation, CalSTRS does not have confidence that the current board has the independence and leadership needed to address these difficult issues. CalSTRS will vote its more than five million investor shares against the entire board’s reelection at Wal-Mart Stores, Inc. annual meeting. We encourage our fellow shareholders to do the same." :theflyonthewall.com |
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| 06:54 EDT | | WMT |
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| 06:02 EDT | | WMT |
| theflyonthewall.com: | Proxy firms urge shareholders to vote against Wal-Mart CEO, AP reports | | Proxy adviser firms ISS and Glass Lewis are both urging Wal-Mart (WMT) shareholders to vote next week against CEO Mike Duke and former CEO Lee Scott, among others, for seats on the board, reports the Associated Press. Reference Link :theflyonthewall.com |
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May 21, 2012
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| 16:52 EDT | | WMT |
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| 08:45 EDT | | WMT |
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May 18, 2012
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| 07:58 EDT |  | WMT |
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| 06:46 EDT | | WMT |
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| 00:09 EDT | | WMT |
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May 17, 2012
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| 16:23 EDT |  | WMT |
| theflyonthewall.com: | On The Fly: Closing Wrap | | Stocks on Wall Street were lower on the day. Stock futures traded around fair value for most of the pre-market trading session, leading to a relatively quiet open for the broader market. The nearly in line jobless claims data had little effect on the market. The averages dropped following worse than expected data on manufacturing from the Philly Fed and an unexpected decline in the leading economic indicators. The averages never really gained any upside momentum as the market’s losing streak continued for another day… ECONOMIC EVENTS: In the U.S., the number of people seeking unemployment benefits was unchanged last week at 370,000, versus expectations for a decline to 365,000. The leading economic indicators declined 0.1%, versus an expected increase of 0.1%. The Philly Fed survey had a reading of -5.8, versus expectations for a reading of +10.0. In Europe, worries about the health of Spain's banks resurfaced on a report that customers at Bankia had withdrawn more than EUR1B from their accounts in the past week. Meanwhile, Fitch ratings agency downgraded Greece deeper into junk territory... COMPANY NEWS: Wal-Mart (WMT) surged 4.21% higher after its earnings and revenue beat expectations and its forecast for next quarter was about in line with consensus at the mid-point... MAJOR MOVERS: Among the notable gainers were Ctrip.com International (CTRP), up $1.26, or 6.41%, to $20.91, after it posted a sharp rise in its Q1 revenue, and SunPower (SPWR), up 51c, or 10.04%, to $5.59, as Apple (AAPL) got approval for a major solar project in North Carolina and the U.S. set duties on Chinese solar imports... Noteworthy losers included Advance Auto Parts (AAP), down $13.93, or 16.97%, to $68.17, after its earnings missed estimates and the company said it sees 2012 same store sales growth in the low single digits, and MEMC Electronic Materials (WFR), down 47c, or 22.07%, to $1.66, following the resignation of its Chief Financial Officer... INDICES: The Dow lost $156.06, or 1.24%, to $12,442.49; the Nasdaq fell $60.35, or 2.10%, to $2,813.69; and the S&P 500 dropped $19.94, or 1.51%, to $1,304.86. :theflyonthewall.com |
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| 14:42 EDT | | WMT |
| theflyonthewall.com: | Mild weather that helped retailers in Q1, may hurt Q2, Reuters says | | The warm weather that helped retailers in Q1 may hurt them in Q2 as consumers may pull back after spending more than anticipated, says Reuters. Reference Link :theflyonthewall.com |
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| 14:37 EDT |  | WMT |
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| 12:23 EDT | | WMT |
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| 07:56 EDT | | WMT |
| theflyonthewall.com: | Wal-Mart reports $9.7B remains in share repurchase authorization | | :theflyonthewall.com |
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| 07:54 EDT | | WMT |
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| 07:48 EDT | | WMT |
| theflyonthewall.com: | Wal-Mart says all U.S. businesses delivered positive comps except entertainment | | Says Q1 U.S. performance in apparel and home particularly encouraging, while entertainment including toys and electronics had mid-single digit negative comps. Says TV and gaming price deflation and other industry dynamics continue to pressure entertainment sales. Comments from Q1 earnings conference call. :theflyonthewall.com |
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| 07:44 EDT | | WMT |
| theflyonthewall.com: | Wal-Mart sees U.S. gross profit rate decline to continue this year as prices cut | | Reports Q1 U.S. gross profit up 4.9%, U.S. gross profit rate down 24 basis points versus last year on strategic price investment. Sees this trend to continue during the year. Says price was focus of Q1 marketing in U.S. and will continue to be key message this year. Says U.S. unit ahead of plan in annual savings initiatives. :theflyonthewall.com |
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| 07:38 EDT | | WMT |
| theflyonthewall.com: | Wal-Mart says U.S. Q1 comp traffic up 1.1%, ticket up 1.5% | | :theflyonthewall.com |
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| 07:36 EDT | | WMT |
| theflyonthewall.com: | Wal-Mart added 4M square feet in Q1 via 101 net new, expanded or relocated units | | CapEx forecast for FY13 of $13B-$14B unchanged, will be updated with next quarter's earnings release. :theflyonthewall.com |
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| 07:32 EDT | | WMT |
| theflyonthewall.com: | Wal-Mart CEO says working aggressively to investigate corruption allegations | | Wal-Mart's CEO Mike Duke said company takes compliance with the U.S. Foreign Corrupt Practices Act very seriously and investigation is ongoing. Duke said company will take appropriate action if violations of the law or company policies occurred. Comments taken from Q1 earnings conference call. :theflyonthewall.com |
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| 07:24 EDT | | WMT |
| theflyonthewall.com: | Wal-Mart CEO says momentum positions company "very well" for rest of year | | Comment from Q1 earnings conference call. :theflyonthewall.com |
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| 07:09 EDT |  | WMT |
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| 07:07 EDT | | WMT |
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| 07:06 EDT | | WMT |
| theflyonthewall.com: | Wal-Mart says committed to returning value to shareholders | | :theflyonthewall.com |
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| 07:06 EDT | | WMT |
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| 07:05 EDT | | WMT |
| theflyonthewall.com: | Wal-Mart reports Q1 EPS $1.09, consensus $1.04 | | Reports Q1 revenue $112.3B, consensus $110.54B. :theflyonthewall.com |
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| 06:11 EDT | | WMT |
| theflyonthewall.com: | Wal-Mart struggling with smaller express stores, WSJ reports | | As Wal-Mart Stores (WMT) bets that their small urban stores called Walmart Express could one day help to boost its growth in the U.S. and fight off competition from dollar store chains, the company is struggling to think outside the supercenters box that remain its focus, analysts say, reports the Wall Street Journal. Reference Link :theflyonthewall.com |
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May 16, 2012
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| 14:39 EDT | | WMT |
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| 14:20 EDT | | WMT |
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| 12:19 EDT | | WMT |
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| 10:50 EDT | | WMT |
| theflyonthewall.com: | Earnings Preview: Wal-Mart trading in narrow range ahead of Q1 earnings | | Wal-Mart (WMT) is expected to report Q1 earnings before the market open on Thursday, May 17 with a conference call scheduled for 7:00 am ET. Analysts are looking for EPS of $1.04 on revenue of $110.50B. The consensus range is $1.02-$1.08 for EPS, and $109.26B-$112.79B for revenue, according to First Call. After reporting disappointing Q4 earnings, it gave a forecast of Q1 EPS $1.01-$1.06 and said it was in a "great position" for FY13. At a conference in March, the company expects to see its FY13 EPS reach $4.72-$4.92 and a full-year sales growth of 5%-7%. Wal-Mart said it had been "very pleased" with its sales and growth so far in Q1 with continued momentum in February and March. In the past quarter, the company increased its annual dividend to $1.59 and announced goals to strengthen existing businesses in China, Brazil, and Canada. The positive news came to a halt, however, when the New York Times reported that the company not only paid bribes to officials in Mexico to obtain construction permits, but the executives also "hushed up" the allegations. Investors will listen to hear any update on the controversy and what other actions the company plans to enact. While Moodys said the probe has no immediate impact on Wal-Mart's ratings, the company was downgraded to Hold at Argus. :theflyonthewall.com |
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| 09:38 EDT | | WMT |
| theflyonthewall.com: | Cree subsidiary to supply outdoor lighting for Wal-Mart, Journal Times reports | | Ruud Lighting, a subsidiary of Cree (CREE), has won a contract to become Wal-Mart's (WMT) new outdoor lighting supplier, according to the Journal Times. Reference Link :theflyonthewall.com |
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May 15, 2012
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| 16:29 EDT | | WMT |
| theflyonthewall.com: | Berkshire Hathaway reports increased stakes in Wal-Mart, Wells Fargo, DirecTV |
 Subscribe for More Information :theflyonthewall.com |
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| 08:34 EDT | | WMT |
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| 07:27 EDT | | WMT |
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