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Tue Feb 20, 2018, 05:20 PM

Dow closes more than 200 points lower as Walmart posts worst day since October 2015

I know, I know, it's terrible about 'the money.'

But you know? Wall Street and Walmart? We are who we are!

Oh. Welcome back to Washington, Mr. Precedent! Enjoy your vacation?



Source: CNBC, by Alexandra Gibbs

The Dow Jones industrial average fell sharply on Tuesday, pressured by a steep decline in Walmart shares and a rise in interest rates.

The 30-stock index closed 258 points lower snapping a six-day winning streak, with shares of Walmart shedding 10 percent. The retail giant's stock posted its biggest decline since October 2015.

The S&P 500 pulled back 0.6 percent, with consumer staples declining more than 2 percent. Walmart was the biggest decliner in the S&P 500. Kroger and Kraft Heinz, which are also in the staples sector, were among the worst-performing stocks in the index.

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Read the rest at: https://www.cnbc.com/2018/02/20/us-stock-futures-dow-data-earnings-and-politics.html

18 replies, 956 views

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Reply Dow closes more than 200 points lower as Walmart posts worst day since October 2015 (Original post)
yallerdawg Feb 2018 OP
InAbLuEsTaTe Feb 2018 #1
Wellstone ruled Feb 2018 #2
yallerdawg Feb 2018 #3
marybourg Feb 2018 #9
yallerdawg Feb 2018 #10
marybourg Feb 2018 #12
yallerdawg Feb 2018 #13
marybourg Feb 2018 #14
yallerdawg Feb 2018 #16
Wellstone ruled Feb 2018 #18
hfojvt Feb 2018 #4
yallerdawg Feb 2018 #6
LanternWaste Feb 2018 #8
sheshe2 Feb 2018 #5
yallerdawg Feb 2018 #7
sheshe2 Feb 2018 #11
yallerdawg Feb 2018 #15
sheshe2 Feb 2018 #17

Response to yallerdawg (Original post)

Tue Feb 20, 2018, 05:24 PM

1. My heart bleeds.

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Response to yallerdawg (Original post)

Tue Feb 20, 2018, 05:30 PM

2. Store Closeings and Lay offs to come shortley.

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Response to Wellstone ruled (Reply #2)

Tue Feb 20, 2018, 05:34 PM

3. Oh, yes.

The bottom line at Walmart is shareholder 'return on investment.'

And nothing else matters.

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Response to yallerdawg (Reply #3)

Tue Feb 20, 2018, 05:50 PM

9. By law, that's the bottom line for

all corporations. That's their reason for existing.

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Response to marybourg (Reply #9)

Tue Feb 20, 2018, 05:56 PM

10. That's what they say.

I've just never seen it spelled out like that.

corporation

The most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, call incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability).

Incorporation also provides companies with a more flexible way to manage their ownership structure. In addition, there are different tax implications for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from sole proprietorships and limited partnerships.


Read more: http://www.investorwords.com/1140/corporation.html#ixzz57gi8Tm4K

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Response to yallerdawg (Reply #10)

Tue Feb 20, 2018, 05:59 PM

12. Yes. It's "black letter law" and if not followed

can be the basis for a lawsuit by shareholders.

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Response to marybourg (Reply #12)

Tue Feb 20, 2018, 06:09 PM

13. I think that's more "urban myth" and justification/rationalization...

than anything related to the sole purpose of a corporation.

Very often, corporate management has THEIR money tied to share value, and it most definitely appears that the sole purpose of corporate existence is "the shareholder."

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Response to yallerdawg (Reply #13)

Tue Feb 20, 2018, 06:10 PM

14. You're wrong.

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Response to marybourg (Reply #14)

Tue Feb 20, 2018, 06:14 PM

16. Well, OK then!

That's good enough for me!



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Response to yallerdawg (Reply #3)

Tue Feb 20, 2018, 06:37 PM

18. Let's understand what has

transpired since Xmas. Sam's Club closings on the East Coast,and last month same for Central California,three Thousand Jobs at their Corporate Headquarters in Bentonville. Hmmm,are we close to that 12k number that was mentioned last fall if they did not get their Tax Break!


Fully understand the P&L's of Business,and Amazon is eating theri lunch as well as a couple of Speciality Retailers that offer home delivery . Albertson/Von's as well as Sprout's offers this in the Las Vegas Valley.

Wal Mart will survive,they have taken out their Competion in what are referred to as County Seat Towns. That gives them a steady traffic flow and steady cash flow.




.

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Response to yallerdawg (Original post)

Tue Feb 20, 2018, 05:35 PM

4. interesting news

I actually made decent money from Wal-mart after October 2015. It seemed like a good time to buy, and as it turned out - it was.

Not to be a low down money grubbing capitalist or something.

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Response to hfojvt (Reply #4)

Tue Feb 20, 2018, 05:38 PM

6. I worked for Walmart unloading trucks at the store.

I confess I have a much different perspective.

And I haven't been in a Walmart for years - so it's not MY money you are putting in your pocket.

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Response to hfojvt (Reply #4)

Tue Feb 20, 2018, 05:43 PM

8. Indeed

"or something..."

Indeed.

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Response to yallerdawg (Original post)

Tue Feb 20, 2018, 05:36 PM

5. Is this one of the MAGA moments tramp...I mean trump spoke of?

Oh, wait, never mind.

Hey there yallerdawg.

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Response to sheshe2 (Reply #5)

Tue Feb 20, 2018, 05:42 PM

7. Hey, she!

The deplorables gave the keys back to the morons who drove us into the ditch!

We warned them, didn't we?

The good thing is, we can start the correction NOW by taking back at least half of Congress!

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Response to yallerdawg (Reply #7)

Tue Feb 20, 2018, 05:58 PM

11. We shall vote as if our lives and country depended upon it.

Because they do, yallerdawg.

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Response to sheshe2 (Reply #11)

Tue Feb 20, 2018, 06:12 PM

15. I think a lot of us learned a lesson in 2016.

We really are stronger together, and every vote and voter counts!

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Response to yallerdawg (Reply #15)

Tue Feb 20, 2018, 06:15 PM

17. You are right.

Many of us 'get' that we are stronger together. Sadly some just want to tear it all down.

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