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Walmart Expands Delivery, Barclays Loves It: Time to Buy WMT Stock?

Shares of Walmart (WMT) popped Wednesday following news that the company is expanding its grocery delivery offerings as rivals Kroger (KR), Target (TGT), and Amazon (AMZN) do the same. Plus, Barclays reinstated coverage of WMT stock at “overweight.” The question is should you buy Walmart stock at the moment? …read more […]

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Halliburton sees 8-10 ct EPS hit in 3rd qtr from Permian hitch

Oilfield services provider Halliburton Co expects moderating activity in the Permian Basin and a slower-than-expected ramp-up of new Middle East contracts to hurt third-quarter profit by 8 cents to 10 cents per share, its chief executive officer said on Wednesday. Pipeline bottlenecks, a tight labor market and inflation are slowing activity in the largest U.S. shale basin, CEO Jeff Miller said at a Barclays conference in New York. The slowdown threatens to undermine a recovery in the oilfield services sector, which was hit hard by the 2014 downturn in oil …read more […]

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Bayer cuts forecasts on Monsanto delay as lawsuits pile up

Bayer (BAYGn.DE) cut its earnings forecast on Wednesday due to delays to its $63 billion (49.2 billion pounds) takeover of Monsanto, and said sales of its consumer care products fell, hitting its shares, already reeling from a legal battle over the weed killer Roundup. The weaker earnings forecast adds to a number of challenges facing the German drugmaker as it braces for years of legal wrangling over the alleged cancer risks of glyphosate-based weedkillers. Bayer said the number of plaintiffs seeking damages over Monsanto’s Roundup and Ranger Pro herbicides had risen to 8,700 from 8,000 from last month, …read more […]