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Tag: Walmart Inc

  • 3 Stocks This Week From U.S. Money Box

    3 Stocks This Week From U.S. Money Box

    We will look at the shares of three U.S. businesses in this analysis that are worth paying attention to in the current week.

    Salesforce.com Inc (NYSE: CRM)

    After confirming news about the purchase of Slack Technologies Inc (NYSE: WORK), the software application provider that is positioned as the “killer of Skype and corporate email” and the world leader in the customer relationship management (CRM) market dropped almost 9 percent in price last week.

    The price gap rushed down to the 200-day moving average, where support for the stock’s lower border was established. At the peak of $241, the remaining price gap is now an enticing technical target for a rebound. The RSI is already showing up on the daily map at 34.51. In general, analysts also look at salesforce.com positively: most of the recommendations are “buy” and the consensus is $275.

    Walmart Inc (NYSE: WMT)

    The American retailer Walmart’s share price is in a rising pattern both long-term and short-term. Analysts saw the creation of a correction last week from record levels. The daily intraday drawdown has been redeemed in part, which is seen as a promising moment. Given the consensus forecast at $161, the shares would be interesting if they hit the lower limit developing from the lows of March. During the week, stock may respond positively to news of agreements on the proposal of an economic assistance package in Congress.

    Adobe Inc (NASDAQ: ADBE)

    This week a quarterly report will be presented by the software maker, in particular, maker of the well-known products like Photoshop, Acrobat, and Illustrator. Via subscription purchases, the business has shifted from a perpetual license sales model to leasing cloud services. The new consensus estimate, according to Refinitiv, assumes a growth potential of 14 percent. Most analysts give a buying recommendation for Adobe shares. For the last 1.5 months, the price has been consolidating in a gentle downward movement. Going up from there is going to be a positive signal.

  • Walmart (NYSE: WMT) Is Testing Its Own Drone Delivery Service

    Walmart (NYSE: WMT) Is Testing Its Own Drone Delivery Service

    Walmart Inc. (NYSE: WMT) disclosed Wednesday it has decided to start a pilot project for the delivery of grocery and household products through automated drones. Walmart has earlier announced that it has secured the approval of the Federal Aviation Administration to operate the Prime Air delivery drones. Just a week after it planned to test its own drone delivery service.

    Bentonville, Arkansas-based Walmart revealed that the test would start in Fayetteville, North Carolina. During the test, the cloud-controlled drones will pick up and drop off the selected products. Walmart always strived to bring new innovations and change the old processes. Walmart has partnered with an Israeli startup Flytrex which is an end-to-end drone delivery company.

    This pilot program will take some time before the company saw millions of packages delivered via drone. Walmart aimed to make the lives of its customers easier. The drone will fly at speeds of 32 mph, travel distances of 6.2 miles in a round trip, and carry up to 6.6 pounds.

    Walmart has sped up this pilot program because of the coronavirus pandemic as the customers who are cautious because of the virus will receive their products at their doorsteps. This new program looks especially attractive in the pandemic period. Walmart has earlier partnered with Ford Motor Co and self-driving vehicle startups Gatik and Nuro to deliver products through autonomous vehicles.

    Shares of Walmart Inc soared 1.04% as it gain+1.44 at $139.89 during the trading session of Wednesday. In the past 52-weeks of trading, this company’s stock has fluctuated between the low of $102.00 and a high of $151.33. It has traded up 27.15% from its 52-weeks low and traded down -7.56% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 0.80. The market capitalization of Walmart has remained high, hitting $401.16 billion.

    Walmart has been working on this drone delivery service for many years, making its first test back in 2015. But many factors such as safety regulations and high costs compared to traditional delivery, have slowed down the implementation of this new program.