WALMART STORES INC
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Consumer Staples : Food & Staples Retailing | Large Cap Value
Company profile

Walmart Inc., formerly Wal-Mart Stores, Inc., is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes the Company's mass merchant concept in the United States operating under the Walmart brands, as well as digital retail. The Walmart International segment consists of the Company's operations outside of the United States, including various retail Websites. The Sam's Club segment includes the warehouse membership clubs in the United States, as well as samsclub.com. The Company operates approximately 11,600 stores under 59 banners in 28 countries and e-commerce Websites in 11 countries.

Closing Price
$143.90
Day's Change
0.95 (0.66%)
Bid
--
Ask
--
B/A Size
--
Day's High
145.53
Day's Low
143.62
Volume
(Below Average)
Volume:
4,843,212

10-day average volume:
5,736,703
4,843,212

UPDATE: Mark Cuban says he doesn't trade the stock market like he used to -- but he's still sticking with these favorites

9:27 am ET August 29, 2020 (MarketWatch)
Print

By Shawn Langlois, MarketWatch

That's Mark Cuban, the billionaire owner of the Dallas Mavericks, talking with Bloomberg TV (https://www.bloomberg.com/news/videos/2020-08-26/mark-cuban-on-investing-in-tech-i-make-my-own-decisions-video) about why he doesn't trade the stock market like he did back in the dot-com days.

"I stick to the companies I believe in," Cuban explained, adding that he's owned shares of Netflix (NFLX) since they were trading around $50. At last check, the stock was all the way up at $528, rising almost 8% in Wednesday's session alone.

He also said he bought up chunks of Amazon (AMZN) between $500 and $700, and more recently added more at just under $2,000 a share. The stock's at $3,385 now.

Cuban said he has some other scattered investments that he's held on to over the year, but, for the most part, he's no longer an active trader in the stock market.

"The Fed put is strong," he said. "That Fed inflation of financial assets gives us a tailwind."

The metaphorical Fed put refers to the notion that the Federal Reserve, with its steady flow of stimulus, is committed to taking action to keep asset prices moving higher.

Watch the clip:

(https://www.bloomberg.com/multimedia/api/embed/iframe?id=111234ac-17d9-4ff6-917c-b6b95aee66f5)

Those tailwinds Cuban was referring to were blowing Wednesday for the S&P 500 and Nasdaq Composite , with both indexes firmly in the green. The Dow Jones Industrial Average , however, was slightly lower

--

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 29, 2020 09:27 ET (13:27 GMT)

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