Wal-Mart Stores Inc. (NYSE:WMT) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.05% to close at $72.93 with the total traded volume of 14.32 Million shares. One violent offense has occurred every day in an American Walmart store this year because of the company’s relentless cost-cutting, a report has revealed. The stores have reportedly become crime hotspots across the US since 2000, when new CEO Leo Scott started slashing budgets. ‘The constant calls from Walmart are just draining,’ Bill Ferguson, a police captain in Port Richey, Florida, told Bloomberg. ‘They recognize the problem and refuse to do anything about it.’ Scott left Walmart in 2009, but the drive to reduce costs has continued.
Walmart has dropped its greeters, who acted as a theft deterrent, and replaced checkouts with customer-operated scanners. That’s meant increased profits: since 2006, sales per employee went up 23 per cent to $236,804. But the increase in profits has been matched by an increase in crime, critics say; for example, cops were called out to four Tulsa Walmarts a total of 2,000 times last year alone. The city’s one Target store had 44 call-outs. The firm has institutional ownership of 30.50%, while insider ownership included 0.70%. Its price to sales ratio ended at 0.47. WMT attains analyst recommendation of 2.90 with week performance of -1.38%.
Intel Corporation (NASDAQ:INTC) [Trend Analysis] plunged reacts as active mover, shares a loss -0.54% to traded at $35.02 and the percentage gap between open changing to regular change was -0.11%. Intel (INTC) to develop ARM-Based Chips for Mobile Devices, Targeting smartphone chipmakers like Qualcomm and potentially Apple, Intel has entered into a new licensing agreement with rival ARM Holdings to produce 10-nanometre ARM chips. South Korean consumer electronics company LG will be one of the first customers to use Intel’s new service, the chip giant announced at the ongoing Intel Developer Forum in San Francisco.
“LG Electronics will produce a world-class mobile platform based on Intel Custom Foundry’s 10nm design platform,” said Zane Ball, co-general manager of Intel Custom Foundry at Intel Corporation. The firm’s current ratio calculated as 1.70 for the most recent quarter. The firm past twelve months price to sales ratio was 2.94 and price to cash ratio remained 9.40. As far as the returns are concern, the return on equity was recorded as 16.80% and return on investment was 13.60% while its return on asset stayed at 9.70%. The firm has total debt to equity ratio measured as 0.47.
L Brands, Inc. (NYSE:LB) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.20% to $74.06. L Brands Inc. (LB) released that its fiscal Q2 net income of $252.4 million. The Columbus, Ohio-based company said it had profit of 87 cents per share. Earnings, adjusted for non-recurring gains, were 70 cents per share.
The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share. The owner of Victoria’s Secret, Bath & Body Works and other chain stores posted revenue of $2.89 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $2.87 billion. The share price of LB attracts active investors, as stock price of week volatility recorded 1.92%. The stock is going forward to its 52-week low with 24.52% and lagging behind from its 52-week high price with -23.30%.