President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Walmart is set to report quarterly earnings Tuesday morning before the bell. And the retailer looks to be in decent shape heading out of the holiday season, especially when compared with its online rival Amazon.
Last year, the big-box retailer captured roughly 4 percent of all e-commerce sales in the U.S. and 0.4 percent of the total U.S. retail market, according to market research group eMarketer. Based on the firm's data, Walmart surpassed Apple to become the No. 3 internet retailer, behind only Amazon and eBay.
Analysts are expecting Walmart to report adjusted earnings per share of $1.33 for the fiscal fourth quarter with sales of $138.7 billion, according to a poll by Refinitiv. Same-store sales are forecast to rise 2.9 percent overall.
The retailer is "holding its own" against Amazon, according to Cowen and Co. analyst Oliver Chen. Cowen in a survey of U.S. consumers during the fourth quarter found the overlap of shoppers who buy things on both Amazon and Walmart to be declining (for the third straight quarter), as satisfaction scores are trending higher for Walmart.
"Shoppers are clearly noticing Walmart's price investments," Chen said. That and more convenient shipping options — like buy online, pick up in store — being rolled out at Walmart stores across the country.
Last year, Walmart was targeting e-commerce sales growth of 40 percent. Analysts will be looking on Tuesday to see if it got there. The company has invested heavily in adding more products — like celebrity-inspired apparel and high-end camping gear — to its website in order to achieve that target. It's also been on a buying spree of online brands like Art.com and Bare Necessities.
That growth has required heavy investments online, however, which have eaten into profits and overshadowed otherwise upbeat results in recent quarters. Analysts continue to expect these e-commerce investments, in addition to Walmart's push in grocery, to weigh on margins. That's something Amazon has largely been able to get away with, more than other retailers like Walmart and Target.
"Caution on margins is warranted," Chen said about both Walmart and Target's upcoming fiscal fourth-quarter reports.
Other looming headwinds for Walmart could be the recent U.S. government shutdown, the longest in history, running from Dec. 22 to Jan. 25 and putting some Americans without a paycheck during that time. There's also concern that tax refunds are shrinking this year, and that could mean consumers have less to spend at stores like Walmart.
Dismal December sales data released by the Commerce Department earlier this week also put a damper on the retail industry, which had been citing high consumer confidence and low unemployment as reasons for a strong holiday season and 2019. Target has already said same-store sales were up 5.7 percent during the holidays, surpassing some analysts' expectations. But other retailers like Macy's, J.C Penney and Kohl's underwhelmed.
Walmart, though, with its large grocery and everyday essentials business, is less susceptible to suffering from shoppers pulling back on spending on items they don't need.
"Walmart likely had a solid 2018 holiday season, helped by favorable macro trends and initiatives related to merchandising and digital," Telsey Advisory Group analyst Joseph Feldman said.
Analysts will also be looking on Tuesday to see what Walmart has to say about more tariffs on goods from China and India's tightening e-commerce regulations, in light of Walmart's $16 billion acquisition of Flipkart. India has said it will now ban internet retailers like Flipkart from selling products from companies in which they hold an equity interest.
Walmart has already trimmed its earnings outlook for 2019, citing the impact of the Flipkart deal. It's also said it expects e-commerce growth will be less robust in 2019 compared with last year, as it's still fighting to win more shoppers online and looking for ways to do that.
Walmart shares are up more than 5 percent so far this year, compared with the S&P 500 Retail ETF (XRT), which has gained 10 percent.