Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Wal-Mart Stores    WMT

WAL-MART STORES (WMT)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Wall Street ends slightly down, S&P positive for seventh week

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/16/2013 | 12:17am CEST
Traders work on the floor of the New York Stock Exchange

NEW YORK (Reuters) - The S&P 500 dipped in a late decline on Friday as Wal-Mart dropped following a report of a weak start to February sales, though the index just barely extended its streak of weekly gains to seven.

Equities were little changed for much of the session, with investors finding few reasons to make big bets following an extended rally on Wall Street, but stocks turned lower in afternoon action.

Wal-Mart Stores Inc (>> Wal-Mart Stores, Inc.) dropped 2.1 percent to $69.30 after Bloomberg News reported a weak start to February sales, citing internal company e-mails. The stock was the biggest decliner on the Dow, while the S&P retail index <.SPXRT> fell 0.5 percent.

"When a retailer of this size comes out with this kind of lousy news, the whole market can fall off, especially on a Friday afternoon," said Mike Shea, trader at Direct Access Partners in New York. "However, I'm not worried that this is indicative of any larger macro issue with retail."

Equities have struggled for direction recently, with major indexes moving only slightly in the past several sessions. The S&P didn't end a session with a move greater than 0.2 percent at all this week.

The benchmark index, up 6.6 percent so far this year, is facing strong technical resistance near the 1,525 level. But investors, expecting the index to advance further in the quarter, have held back from locking in profits.

"There's no news that suggests the strong underpinning for stocks isn't appropriate. We may have gotten ahead of ourselves, but there's also an absence of bad news," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

Many investors are starting to look ahead to a debate in Washington over sequestration, automatic across-the-board spending cuts put in place as part of a larger congressional budget fight. The cuts are due to kick in March 1 unless lawmakers agree to an alternative.

"This had been far enough out to not yet become an impediment for stocks, but it will start to move into the forefront and cause people to take a bit of a jaundiced eye towards the market," said Luschini, who helps oversee about $54 billion in assets.

The Dow Jones industrial average <.DJI> was up 11.27 points, or 0.08 percent, at 13,984.66. The Standard & Poor's 500 Index <.SPX> was up 0.32 points, or 0.02 percent, at 1,521.70. The Nasdaq Composite Index <.IXIC> was up 1.51 points, or 0.05 percent, at 3,200.17.

For the week, both the Dow and Nasdaq fell 0.1 percent while the S&P rose 0.1 percent in its seventh straight week of gains, a period during which the index rose 8.4 percent. The last such seven-week run was between December 2010 and January 2011.

The New York Federal Reserve said manufacturing in New York state expanded for the first time in seven months, while Thomson Reuters/University of Michigan's preliminary reading of consumer sentiment rose from the prior month and beat expectations.

But U.S. manufacturing fell in January after a rise in the prior month.

Wall Street's gain thus far in 2013 has largely been driven by strong corporate earnings, while data indicated some weakening in economic conditions.

A surge in merger and acquisition activity, with more than $158 billion in deals announced so far in 2013, has given further support to the equity market as it points to healthy valuations and bets on the economic outlook.

Herbalife (>> Herbalife Ltd.) shares cut earlier gains to rise 1.2 percent to $38.74. Late Thursday, billionaire investor Carl Icahn said in a regulatory filing that he now owns 13 percent of Herbalife and was ready to put it in play.

MeadWestvaco Corp (>> MeadWestvaco Corp.) climbed 12.5 percent to $35.65 as the biggest percentage gainer on the S&P index after activist investor Nelson Peltz's Trian Fund Management LP said it had bought about 1.6 million shares of the packaging company.

Burger King Worldwide (>> Burger King Worldwide Inc) shares gained 4.7 percent to $17.36 after it beat estimates with a 94 percent rise in fourth-quarter profit, thanks to new menu additions.

Oil service stocks declined, weighed by a 5.1 percent drop in shares of Transocean <RIG.N> to $56.26, after the rig contractor reported its fleet update and Deutsche Bank cut its rating on the stock to "sell." The PHLX oil service sector <.OSX> lost 1.5 percent.

Slightly more stocks fell than rose on the New York Stock Exchange while about 50 percent of Nasdaq shares ended lower. About 6.69 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, above the daily average so far this year of about 6.48 billion shares.

(Editing by Nick Zieminski)

By Ryan Vlastelica

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -1.56% 24180.72 Delayed Quote.-0.56%
HERBALIFE NUTRITION LTD -0.83% 53.61 Delayed Quote.59.66%
NASDAQ 100 -2.35% 7024.6149 Delayed Quote.12.52%
NASDAQ COMP. -2.25% 7516.854 Delayed Quote.11.44%
S&P 500 0.19% 2754.89 Real-time Quote.3.04%
WAL-MART STORES 1.85% 86.35 Delayed Quote.-14.11%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WAL-MART STORES
01:19aWAL MART STORES : Companies with local ties win Louisiana business excellence aw..
AQ
06/24WAL MART STORES : This columnist can't be described by one word
AQ
06/24WAL MART STORES : Tom Kacich | Many in Clinton again view Walmart as villain
AQ
06/24WAL MART STORES : NYC man sought for cutting wife's arm off caught in Falls
AQ
06/24WAL MART STORES : South Bend area merchants pleased by Supreme Court decision
AQ
06/24WAL MART STORES : Good buys and goodbyes
AQ
06/24WAL MART STORES : Warden Guffy tells BJCC grads about recovering from an embarra..
AQ
06/24WAL MART STORES : Local, state officials applaud U.S. Supreme Court ruling on on..
AQ
06/24WAL MART STORES : Pastor took out active shooter, treated the wounded after serv..
AQ
06/24THE ACTION : Man Wanted for Cutting Off Wife's Arms Captured in Niagara Falls
AQ
More news
News from SeekingAlpha
11:33aExpect More Downside Ahead For Walmart 
09:57aInsider Weekends - Director Of Retail REIT DDR Makes His Largest Purchase 
09:41aWALMART : Sacrificing For The Future 
08:00aHow To Retire At 63 With Half A Million In 2018 
07:16aBuy Walmart On The Dip? 
Financials ($)
Sales 2019 514 B
EBIT 2019 21 840 M
Net income 2019 13 294 M
Debt 2019 44 550 M
Yield 2019 2,50%
P/E ratio 2019 18,67
P/E ratio 2020 16,92
EV / Sales 2019 0,57x
EV / Sales 2020 0,56x
Capitalization 250 B
Chart WAL-MART STORES
Duration : Period :
Wal-Mart Stores Technical Analysis Chart | WMT | US9311421039 | 4-Traders
Technical analysis trends WAL-MART STORES
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 94,3 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Brett M. Biggs Chief Financial Officer & Executive Vice President
Jeremy King Chief Technology Officer & Executive VP
Clay Johnson Chief Information Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART STORES-14.11%250 291
ALIMENTATION COUCHE-TARD INC-11.21%24 823
FAMILYMART UNY HOLDINGS CO LTD55.36%14 189
AVENUE SUPERMARTS LTD26.60%13 639
CARREFOUR-18.82%13 190
DAIRY FARM INTERNATIONAL HOLDINGS LTD11.79%11 930