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That earnings guidance implies Walmart stock is trading at a forward price-to-earnings (P/E) ratio of 34, above the five-year average for the multiple closer to 29.
Macy's stock has dropped 19% this year to around $16 per share, compared to the $24.80 per share offered in a buyout it rejected in July. Same-store sales dropped 1.3% in Macy's preliminary third ...
In other areas of the market, Treasury yields ascended, with the benchmark 10-year note rising 12 basis points to top 3.9%, the highest level since November. The U.S. dollar also advanced.
Stocks inched higher on Wednesday amid a shortened week of trading and few major catalysts to drive market action. The S&P 500 ( ^GSPC ) neared an all-time high close of 4,796.56 on Wednesday but ...
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