BusinessThe Street•3 hours agoDying Sears Is About to Reward Long-Suffering Shareholders With This Major Surprise
Department store chain Sears Holding Corp. (SHLD) has been Wall Street's punching bag in 2017, the manifestation of the bricks-and-mortar retail rout that's been taking place as e-tailers like Amazon.com (AMZN) replace the shopping mall for consumers. No doubt about it, Sears has been an awful stock to own in recent years - in the past five years, Sears has lost about 83% of its market value, plunging at the same time that the S&P 500 was undertaking a massive multiyear rally. 50 Reasons Dying Sears Had No Choice But to Strike a Deal With the Ruthless Amazon Sears Is Being Pummeled by Amazon and Walmart in This Key Business It Once Dominated But long-suffering shareholders could be in store for
BusinessThe Street•4 hours agoTim Cook on Trump's Claim that Apple Is Building 3 U.S. Factories: 'There's More We Can Do'
Apple (AAPL) CEO Tim Cook on Tuesday had a lot to say about the company's solid second-quarter earnings, but he didn't quite know how to respond when he was asked about President Donald Trump's comments last week. Cook and other Apple executives held a call with investors late Tuesday to go over the second-quarter earnings report. UBS analyst Steven Milunovich asked about Trump's remark that Cook had personally promised to build "three big, beautiful plants" in the U.S. Trump told the Wall Street Journal that he wouldn't consider his administration an "economic success" unless Cook committed to construct facilities on U.S. shores. Milunovich asked Cook whether the factories might be a possibility
BusinessThe Street•4 hours agoThis Company Has More Than $450 Billion in Sales and Has a Shot to Take Down Amazon, Jim Cramer Says
Walmart (WMT) is loved right now on Wall Street. Jim Cramer noted that bricks-and-mortar sector is rallying today. Costco (COST) is doing well, and Cramer likes TJX Companies (TJX) although it's not participating. People want to own the department stores like Walmart (WMT) which is totally right -- Walmart could even be a competitor to Amazon (AMZN) because of the Jet.com acquisition. Meanwhile, Oppenheimer initiated coverage on retail giant Walmart with an "outperform" rating and a price target of $90 on Wednesday morning. The firm believes Walmart is in a good position for sales growth as well as a recovery in profits. Walmart is preparing to release its second quarter financial results later
