Rite Aid and Albertsons strike health care and store deal
Albertsons buys part of Rite Aid as the two firms merge aims to form a company with 2018 revenue around 83 billion and earnings of about 3.7 billion before interest taxes depreciation and amortization. The combined group plans to serve over 40 million customers weekly at about 4900 locations and 320 clinics with most Rite Aid stores keeping the Rite Aid name.
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Safeway
Amazon
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Cerberus Capital Management
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Moody’s
Mickey Chadha
Epa-Efe
What to Watch Rising rates tug stocks in tug of war
Wall Street weighs impact of rising rates on the bull market as the Fed prepares January minutes. Investors seek clues on 2018 hikes while long bonds climb to four year highs. Analysts differ on whether rate increases aid or harm stocks, with inflation growth and profits shaping the outlook. Strategas notes mixed performance of S P 500 averages around 10 year yield changes since 1950.
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Federal Reserve
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Strategas Research Partners
Walmart
Target
Shipt
Amazon
UPS
FedEx
S&p Global Intelligence
Walmart online growth slows hurting investor confidence
Walmart’s e-commerce sales rose 23 percent in the late 2017 quarter, below a prior 50 percent gain and sending shares down 10.2 percent. The retailer cited Jet.com inventory shortfalls and holiday demand gaps as contributing factors while planning online grocery delivery expansion and acquisitions to boost growth.
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SIG
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EXPD
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IBM
L Brands
Amazon
Jet.com
Neil Saunders
GlobalData
Bonobos
Real Time Market Action On Real Markets USAToday
Real time market action highlights actions in US markets with live price movements for stocks and indices. Investors monitor rapid changes and trend shifts across major exchanges.
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Usatoday.com
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