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Walmart Tumbles on Sales; Coty Falls on Forecast | Stock Movers
Bloomberg35d agobearishVIDEO
Walmart Tumbles on Sales; Coty Falls on Forecast | Stock Movers

On this episode of Stock Movers: - Shares of Walmart (WMT) tumbled ahead of the market open after the retail giant's quarterly sales fell short of expectations, a rare miss that's likely to stoke concern about the leading big-box retailer decelerating alongside a slow-growing US economy. - Shares of Advanced Auto Parts (AAP) sunk in premarket trading after the parts provider reported second-quarter sales that fell short of analyst estimates. Though the company boosted its adjusted earnings per share forecast for the full year, it maintained its sales guidance, which is also below estimates at the midpoint. - Shares of Coty (COTY) fell after the beauty conglomerate reported fourth-quarter results. While the company's net revenue for the quarter beat the average analyst estimate, Coty didn't provide a full-year forecast and said it expects to provide a broader outlook following a strategic review.

Stocks Drop After Bond Yields Spike Again
Barrons.com36d agobearish
Stocks Drop After Bond Yields Spike Again

The bond market’s rally hit a wall, and the stock market went with it. The Nasdaq Composite was down 0.5%. Bond yields eased on Wednesday after the Treasury Department said it planned to increase buybacks of long-dated debt.

3 things investors need to know for Thursday, August 20
Yahoo Finance Video36d agoneutralVIDEO
3 things investors need to know for Thursday, August 20

Asking for a Trend Host Josh Lipton previews that top story line investors should keep an eye out for on Thursday, August 20th, including earnings from retailers Walmart (WMT) , Alibaba (BABA), Ross (ROST), and the latest read on the labor market with the Initial Jobless Claims.

Walmart strong again in second quarter, but its outlook is reserved
Associated Press36d agoneutral
Walmart strong again in second quarter, but its outlook is reserved

Walmart reported another strong performance in the second quarter Thursday, but that was overshadowed by a more cautious outlook for the year. Comparable sales in U.S. stores, those coming from stores open at least a year as well as online sales tied to those locations, rose 2.6%. Excluding the wellness category that includes Walmart's pharmacies, comparable sales increased 3.4% in the second quarter.

Stocks to Watch: Walmart, Strategy, Coty
The Wall Street Journal36d agoneutral
Stocks to Watch: Walmart, Strategy, Coty

↘️ Coty (COTY): The beauty company reported a steeper loss and guided for a drop in sales in the current quarter. Shares fell over 7% before the bell. ↘️ Moderna (MRNA): Shares pulled back 10% in premarket trading following yesterday’s 177% rally— the biggest gain for any stock in the S&P 500 in the past 25 years.