The latest “Buzz on the Street” Show: Featuring Retail Report (NASDAQ: JD) (NYSE: M BABA WMT)

FinancialBuzz.com’s latest Buzz on the Street Show: Featuring our Retail News Report on JD.com, Inc., Macy’s, Inc., Alibaba Group Holding Limited and Walmart Inc.

Starting the week off on Tuesday, JD.com, Inc. (NASDAQ: JD) reported a strong second quarter as an increase in annual active accounts and its June 18th Anniversary Sale helped the Chinese e-commerce giant top analysts’ earnings expectations with 33 cents per share on revenues of 21.9 Billion dollars

Then on Wednesday morning, Macy’s, Inc. (NYSE: M) missed analysts’ estimates, earning just 28 cents per share on revenues of 5.55 Billion dollars. CEO Jeff Gennette cited numerous reasons for the weaker quarter such as sales issues in its women’s sportswear private brands and slowing international tourism. 

Alibaba Group Holding Limited (NYSE: BABA) followed on Thursday, reporting its 42% year-over-year revenue surge helped on by its 34% growth in monthly active users. The Chinese e-commerce giant earned 1.83 dollars per share on revenues of 16.74 Billion dollars

Lastly, Walmart Inc. (NYSE: WMT) topped analysts’ estimates for the second quarter, reporting earnings of 1.27 dollars per share on revenues of 130.4 Billion dollars while also growing its U.S. comparable sales by 7.3%, the largest growth its experienced in over 10 years.

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4 Comments
  1. Patel M. 1 week ago
    Reply

    nice move by $WMT, things are looking up since they started focusing more on Ecommerce

    • Fernando Salazar 1 week ago
      Reply

      “Walmart is the best parameter of the overall health of U.S. Consumers,” says Brian Nagel, MD & Senior Analyst, @OppenheimerCo. Despite recession warnings, “most consumers are saying, I’m employed, I’m getting paid more, there are jobs out there, I feel good,” he says. $WMT

  2. Eston Claire 1 week ago
    Reply

    $M taking a shit with the entire market. Should have shorted to hell.

  3. Jason Burack 1 week ago
    Reply

    The co-founder of Alibaba $BABA just sold a lot more of his stock to buy the Brooklyn Nets NBA team. Monitor SEC filings for more insiders jumping ship. Another red flag that the economy in #China is far worse than reported?

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