BusinessThe Street•6 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
- Businessbarrons.com•10 hours ago
WDC Falls 4%: No Rights to Invest, Says Toshiba; Yes We have, Says Western
Shares of hard disk drive and memory-chip maker Western Digital (WDC) are down $3.18, or almost 4%, at $81.33, after the latest dust-up in the company’s battle with its joint-venture partner, Toshiba (6502JP). You’ll recall that yesterday, Toshiba said it would move ahead with an investment to develop equipment to make NAND flash chips in a factory known as “Fab 6" that has been the source of the parts underlying the joint venture with Western. Toshiba is dismayed by Western Digital’s pattern of exaggerating SanDisk’s rights under the relevant agreements. Despite claims to the contrary, Western Digital does not now possess any legal “rights” to participate in this phase of investment, which is an important investment in the next generation of flash memory.
BusinessThe Street•14 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
