Wal-Mart Will Increase Its Holiday Price Roll-Back and 2 Other Dow Movers to Watch
Wal-Mart Stores Inc. (NYSE:WMT): Current price $74.72
As the behemoth retailer faces its possibly second consecutive quarter of same-store sales decline in the United States, Walmart U.S. is said to be increasing its roll-backs, or temporary discounts, for the upcoming shopping season. Beyond that, the company is tripling its mobile marketing spending budget. Executives said that for the first time, it will also build its smaller format and better-performing Neighborhood Market and Walmart Express stores at a quicker rate than its supercenters, as it plans to add over 400 Neighborhood Market locations in next three years.
3M Co. (NYSE:MMM): Current price $120.60
3M debuts its new Easy-On Privacy Filters for iPads, permitting users to remain private when necessary, and share content when desired. The 3MEasy-On Privacy Filter employs the same microlouver privacy tech found in all 3M Privacy Filters that gives protection from unauthorized side views and data security threats. A new patent-pending attachment method lets this new removable privacy filter feature uniquely formulated adhesive corner tabs. The 3M Easy-On Privacy Filter also comes with a storage folder to protect it when not in use.
JPMorgan Chase & Co. (NYSE:JPM): Current price $52.75
In a perverse way, the Citigroup third-quarter results posted Tuesday have afforded JPMorgan some cover for its disappointing figures reported Friday. Citigroup announced its own third-quarter results that showed depressed trading revenues with fixed-income revenue down by 26 percent year-over-year, and 17 percent from the previous quarter. By comparison, JPMorgan’s own 2012 and second-quarter losses of 7.7 percent and 16 percent, respectively, do not look quite so bad.