Walmart: We Love Women Entrepreneurs
Wal-Mart (NYSE:WMT) said it will spend $20 billion over the next 5 years on goods and services from U.S. businesses that are owned by women. It also plans to double the pay that its overseas women-run suppliers receive. Exact figures were not disclosed.
Wal-mart joins Wall Street bank Goldman Sachs (NYSE:GS) in supporting the under-served market of women entrepreneurs. The programs stand to boost women-led business in emerging markets (NYSE:EEM) — some of the fastest growing businesses in the world.
The company trades near $51.85. That represents a P/E ratio of about 11 which is much lower than the retail industry (NYSE:XRT). The company also trades at a sales multiple of 0.4 which is also lower than its industry rivals. On the technical front shares trade below their declining 50 day and 200 day moving averages. The MACD shows a bearish crossover while RSI is pointing down at 47.