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WMT 5D chart<\/p>\n
In a Wednesday note to clients, Mizuho wrote that this initiative is now live in 1,000 locales across the U.S., with plans to reach more than 2,300 by year’s end.<\/p>\n
“In our view, this represents an escalation of head-to-head competition between the two, with AMZN advancing grocery and rural investments whereas WMT continues to build up its marketplace and advertising verticals,” wrote Mizuho analyst David Bellinger. “In a consumer survey we recently conducted across rural zip codes \u2014 following Amazon’s $4B rural supply chain investment \u2014 we found that Walmart and Target (TGT) screened as the most popular answers for companies at risk of losing share to AMZN.”<\/p>\n
\u2014 Lisa Kailai Han<\/p>\n
Paramount Skydance soars after huge volume spike<\/p>\n
Shares of Paramount Skydance<\/a> soared more than 22%, putting the media company on track for its best day since March 2020.<\/p>\n It wasn’t clear what drove the sharp move higher, but the stock’s volume was among the 10 highest across Nasdaq names. As of 10:29 a.m. ET, Paramount had exchanged hands more than 5.9 million times at the exchange.<\/p>\n Across all exchanges, the stock’s volume for the day totaled well over 33.6 million. For context, Paramount’s 30-day average volume sits at 17.17 million.<\/p>\n Stock Chart IconStock chart icon PSKY 5-say chart<\/p>\n One possible driver that Goldman Sachs alluded to late last week is a rotation into lower-quality stocks. This may be playing out now that expectations for Federal Reserve rate cuts are elevated following a lighter-than-expected U.S. inflation report. The bank highlighted the stock in a screen of S&P 500 names that had weak balance sheets, low returns on capital, high volatility and low margins.<\/p>\n “Given the asymmetry indicated by current valuations, we think investors should protect themselves against the potential for a sharp rotation toward low quality if the outlook for economic and earnings growth proves more resilient than feared,” David Kostin, Goldman’s chief U.S. equity strategist, wrote in a note Friday.<\/p>\n \u2014 Fred Imbert<\/p>\n Deutsche Bank upgrades Palo Alto Networks to buy rating<\/p>\n In a Tuesday note, Deutsche Bank upgraded shares of Palo Alto Networks<\/a> to a buy rating from hold.<\/p>\n The cybersecurity stock has slipped 4% this year. Deutsche’s upgraded forecast of $220 per share, up from $200, implies that shares could rally 25% from their Tuesday closing level.<\/p>\n As one catalyst, analyst Brad Zelnick pointed to Palo Alto Network’s July announcement that it would acquire fellow cybersecurity company CyberArk<\/a> in a deal worth approximately $25 billion.<\/p>\n “We upgrade shares of Palo Alto Networks to a Buy rating and raise our DCF-derived TP to $220 given our thoughts on the health of the business, quality of its leadership, and forward prospects for the announced acquisition of CyberArk,” he wrote. “With the stock underperforming broader cyber by 15% YTD and 11% since credible speculation of the acquisition, we think investor concerns are overblown.”<\/p>\n \u2014 Lisa Kailai Han<\/p>\n Communication services, technology sectors reach new record highs<\/p>\n Live Nation signage is displayed outside of offices in Hollywood, California on May 30, 2024.<\/p>\n Patrick T. Fallon | AFP | Getty Images<\/p>\n On Wednesday, the communication services and technology sectors traded at new record highs.<\/p>\n Within the communication services sector, Electronic Arts<\/a>, Live Nation<\/a>, Meta<\/a> and TKO Group<\/a> reached new intraday highs. Advanced Micro Devices<\/a>, Gen Digital<\/a>, Broadcom<\/a>, KLA<\/a> and Lam Research<\/a> reached new multi-year highs within tech.<\/p>\n The financials, utilities, industrials and consumer staples sectors all traded less than 2% of their record highs.<\/p>\n \u2014 Gina Francolla, Lisa Kailai Han<\/p>\n Morgan Stanley upgrades apartment REIT AvalonBay <\/p>\n Morgan Stanley upgraded AvalonBay Communities<\/a>, a real estate investment trust that invests in apartments, to overweight from an equal-weight rating.<\/p>\n The Wall Street firm said Avalon has been the worst-performing stock in its group year to date, but the company has the “best earnings growth” and “significant ramp in development contribution.”<\/p>\n “With valuation now roughly in-line with peers and greater conviction in best in class earnings growth, we see an opportunity to upgrade the stock,” Morgan Stanley said in a note to clients. <\/p>\n The stock is up 1% in premarket trading. Shares have dropped 15% this year. <\/p>\n \u2014 Yun Li<\/p>\n S&P 500, Nasdaq open at new intraday record highsBessent calls for Fed to cut rates by at least 150 basis points in Bloomberg interview<\/p>\n Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Wednesday, Aug. 13, 2025. <\/p>\n Michael Nagle | Bloomberg | Getty Images<\/p>\n In a Wednesday interview<\/a> with “Bloomberg Surveillance,” U.S. Treasury Scott Bessent suggested that the Federal Reserve lower its federal funds rate by at least 1.5 percentage points.<\/p>\n “I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September,” Bessent said, adding that “any model” suggests “we should probably be 150, 175 basis points lower.”<\/p>\n He added that the U.S. central bank could have cut rates in both its June and July meetings.<\/p>\n \u2014 Lisa Kailai Han<\/p>\n See the stocks moving before the bell<\/p>\n These are some of stocks making notable premarket moves:<\/p>\n Cava<\/a> \u2014 The fast-casual restaurant chain dropped 23.6% after revenue came in at $280.6 million for the second quarter, under<\/a> the LSEG consensus forecast of $285.6 million. The company also missed expectations for same-store sales and cuts its forecast. On the other hand, Cava earned 16 cents per share in the quarter, surpassing Wall Street’s estimate of 13 cents.Brinker International<\/a> \u2014 The Chili’s parent rallied 8.8% after beating earnings expectations for the fiscal fourth quarter. Brinker earned $2.49 per share, excluding items, on revenue of $1.43 billion, while analysts surveyed by LSEG penciled in $2.45 per share and $1.39 billion for revenue.CoreWeave<\/a> \u2013 The artificial intelligence infrastructure provider dropped about 9% despite posting stronger-than-expected revenue<\/a>\u00a0for the second quarter. CFO Nitin Agrawal told analysts that revenue growth remains capacity constrained as demand outstrips supply.<\/p>\n See the full list here.<\/a><\/p>\n \u2014 Alex Harring<\/p>\n JPMorgan upgrades Capri Holdings <\/p>\n Eric Thayer | Bloomberg | Getty Images<\/p>\n Capri Holdings<\/a> could be set for big gains from here, according to JPMorgan.<\/p>\n The firm upgraded Capri Holdings stock to overweight from neutral on Wednesday, and raised its price target to $30 per share from $24. The firm’s forecast implies about 53% upside from Tuesday’s $19.62 close.<\/p>\n “We see CPRI on a path of multi-year sequential revenue. gross, and operating margin improvement, led by a brand reinvigoration strategy at the Michael Kors brand,” analyst Matthew Boss said. “Specifically, management is focused on driving product improvement, a sharpened value proposition, enhanced marketing, and distribution optimization, which we see translating to sequentially improved revenues in 2H26 and inflection to FY27 revenue growth at the Michael Kors brand and the total company.”<\/p>\n \u2014 Brian Evans<\/p>\n Hanesbrands falls on agreement to be bought by Gildan for $6 per share<\/p>\n Gildan apparel at a store in Montreal, Quebec, Canada, on Friday, Dec. 15, 2023. <\/p>\n Graham Hughes | Bloomberg | Getty Images<\/p>\n Shares of Hanesbrands shed more than 6% in the premarket after the company agreed to be acquired by Gildan Activewear for $6 per share in cash and stock. That’s slightly below where Hanesbrands closed on Tuesday. The deal assigns an enterprise value of about $4.4 billion to the company.<\/p>\n The deal is expected to close in late 2025 or early next year.<\/p>\n Hanesbrands rallied nearly 28% after the reports of the Gildan deal emerged.<\/p>\n Stock Chart IconStock chart icon HBI 5-day chart<\/p>\n Barclays warns of a post-Jackson Hole selloff if rate cuts are aggressively repriced<\/p>\n Aggressive rate cut repricing could heighten risks of a market selloff after the Federal Reserve’s Jackson Hole Economic Symposium later this month, Barclays warned in a Tuesday note to clients.<\/p>\n “This may reflect expectations that Powell’s remarks could shape policy into year-end. Indeed, with the theme ‘Labor Markets in Transition,’ the backdrop of softening employment data and tariff-driven inflation make this year’s meeting especially pivotal, in our view. A signal that rate cuts are less certain, or that inflation risks still outweigh growth concerns, could trigger a correction in equities,” wrote strategist Stefano Pascale.<\/p>\n He continued: “We warn against downplaying such a risk, as history shows that asset sensitivity to Jackson Hole has increased sharply since 2017,\u00a0led by U.S. small caps, gold, and the USD.”<\/p>\n \u2014 Lisa Kailai Han<\/p>\n Crypto exchange Bullish prices IPO at $37 per share, above expected range<\/p>\n A banner for Bullish, a cryptocurrency exchange operator, is displayed during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., August 13, 2025. <\/p>\n Brendan McDermid | Reuters<\/p>\n Cryptocurrency exchange Bullish has priced its initial public offering<\/a> at $37 per share, above the expected range of $32 to $33 and giving it a total market value of $5.4 billion.<\/p>\n The company will raise $1.1 billion in the\u00a0offering of 30 million shares. In a measure of increased investor appetite, Bullish expanded the number of shares sold in the IPO from 20.3 million, which were originally proposed to be sold at between $28 and $31 a share.<\/p>\n Bullish, which is led by former New York Stock Exchange President Tom Farley and headquartered in the Cayman Islands, is a crypto exchange geared toward institutional investors. It also owns the crypto news website CoinDesk, which includes crypto indexes, data and analytics. This is its second attempt at going public since it launched in 2021.<\/p>\n \u2014 Tanaya Macheel<\/p>\n Ether is hovering below its 2021 all-time high<\/p>\n A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023.<\/p>\n Dado Ruvic | Reuters<\/p>\n Cryptocurrencies rallied on Tuesday, led by ether, which is now hovering below its record.<\/p>\n The market began its steady climb after the early morning release of the consumer price index<\/a>, which reinstilled hope in investors that the Federal Reserve could cut interest rates next month.<\/p>\n Ether<\/a> was last higher by about 7% at $4,578.73. Earlier, it traded as high as $4,636.30, its highest level since Dec. 3, 2021. It’s edging closer toward its November 2021 record of $4,866.01.<\/p>\n “With CPI data coming broadly in line, crypto markets are rapidly rediscovering the momentum that has been growing over the last week,” Jordi Alexander, CEO at crypto trading firm Selini Capital. “Ethereum flows are coming in hard and fast from traditional markets in the form of both ETFs and treasury vehicles, and the rallies are broad across the market and have reignited animal spirits more than just the Bitcoin flows from earlier in the summer.”<\/p>\n \u2014 Tanaya Macheel<\/p>\n Cava, CoreWeave sink in after-hours trading Tuesday<\/p>\n A customer exits a Cava restaurant in New York City on June 22, 2023.<\/p>\n Brendan Mcdermid | Reuters<\/p>\n Cava<\/a> and CoreWeave<\/a> were among stocks moving after market close on the back of their latest financial results. Take a closer look:<\/p>\n Cava: Shares plummeted about 21% after the Mediterranean food chain reported lower-than-expected second-quarter revenue<\/a> driven by weak same-store sales growth. The company also lowered its full-year forecast for same-store sales. Cava reported earnings of 16 cents per share on revenue of $280.6 million, while analysts polled by LSEG expected earnings of 13 cents per share on $285.6 million in revenue.CoreWeave: The AI infrastructure stock met revenue expectations<\/a> for its second quarter, but saw shares drop about 10% in extended trading. CoreWeave reported a loss of 21 cents and revenue of $1.21 billion. Analysts polled by LSEG, meanwhile, forecasted revenue of $1.08 billion. The company pointed to greater business with OpenAI, a major client and investor in CoreWeave.<\/p>\n Traders also watched stablecoin issuer Circle<\/a>. The stock slid more than 6% after Circle said it will offer 10 million Class A shares<\/a> to the public, 2 million of which will be offered by the company.<\/p>\n \u2014 Pia Singh<\/p>\n U.S. stock futures open little changed<\/p>\n","protected":false},"excerpt":{"rendered":"Walmart stock slips 2% after Amazon announces free same-day grocery delivery Shares of Walmart slipped 2% on Wednesday…\n","protected":false},"author":2,"featured_media":64303,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[9687,4144,4117,84,273,24883,21321,4128,4126,467,4129,4127,30611,12819,25331,4130,4125,4118,56,54,55],"class_list":["post-64302","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-advanced-micro-devices-inc","tag-apple-inc","tag-breaking-news-markets","tag-business","tag-business-news","tag-cava-group-inc","tag-coreweave-inc","tag-dow-jones-fut-mar23","tag-dow-jones-industrial-average","tag-markets","tag-nasdaq-100-fut-mar23","tag-nasdaq-composite","tag-oracle-corp","tag-paramount-global","tag-russell-2000-index","tag-sp-500-fut-mar23","tag-sp-500-index","tag-stock-markets","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/64302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=64302"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/64302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/64303"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=64302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=64302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=64302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/p>\n<\/p>\n