Wal-Mart’s Situation With Sam’s Club, UBS’ Japanese Banking Talks, and 3 More Hot Stocks

Wal-Mart (NYSE:WMT): Belus Capital’s Brian Sozzi has weighed in on Wal-Mart after its weaker-than-expected earnings report, noting that to succeed, Wal-Mart should let go of its Sam’s Club wholesale division. ”Get rid of Sam’s Club. It doesn’t belong in the company, especially when the focus is clearly on investing online and winning internationally,” Sozzi says, adding that the stock’s run up this year has been a function of a quest for yield by investors.

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UBS AG (NYSE:UBS): Although the negotiations are now off the table, UBS reportedly engaged in discussion with Sumitimi Mitsui Banking about Sumitomo taking the reins for some of its Japanese investment banking operations. Scandals, regulatory pressure, and slogging profitability have led the bank to trim back its investment banking operations.

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FedEx Corp. (NYSE:FDX): FedEx has declared a $0.15 per share quarterly dividend, in-line with previous dividend offerings. It has a forward yield of 0.44 percent, and is payable on January 2, for shareholders of record on December 12. It has an ex-dividend date of December 10.

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Prudential Financial (NYSE:PRU): Deutsche Bank has pulled its Buy rating on Prudential due to valuation concerns — the stock is up 67 percent year to date. Analyst Yaron Kinar points out that the stock trades at 1.5 times the book, a “merited premium” to its peers, though still not leaving a lot of space for upside. Although Prudential will likely benefit from higher interest rates, Kinar notes that it’s not as sensitive to rates as Lincoln National and MetLife.

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Comcast Corp. (NASDAQ:CMCSA): Comcast is now planning to sell movies via download or to stream through its set-top boxes and Xfinity service, which will also allow subscribers to watch the content on their phones and tablets as well. The service could start by the end of the year.

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