Why Is Walmart Stock in the Spotlight Tuesday?

Walmart Inc. (NYSE:WMT) shares are in the spotlight Tuesday, with a new $120-a-year membership bundle, a recent Deutsche Bank upgrade and earnings on November 19 all drawing attention.

• Walmart stock is showing upward movement. Why is WMT stock trading higher?

Walmart Bundles Walmart+ and Sam’s Club Plus for $120 a Year, nearly $100 Less Than Buying Both

The bundle includes Sam’s Club access with member-only prices, free delivery from Walmart and Sam’s Club, a choice of Peacock or Paramount+, 10 cents off a gallon of gas and 2% Sam’s Cash on eligible purchases. Existing Walmart+ annual members can switch for $22 more a year, and Sam’s Club Plus members can activate Walmart+ at no extra cost. Walmart said the costs aren’t expected to materially affect its fiscal third-quarter or full-year guidance.

"We’re giving people a reason to expect more from their memberships," said John Furner, president and CEO of Walmart.

Deutsche Bank Upgraded Walmart Last Week

Last week, Deutsche Bank upgraded Walmart to Buy from Hold and raised its price target to $136 from $113, saying inflation reinforces the company’s value proposition.

Walmart Reports Third-Quarter Results Nov. 19

Walmart reports before the market opens on November 19. Analysts estimate earnings per share of 64 cents on revenue of $187.33 billion. In the second quarter, Walmart reported adjusted earnings per share of 81 cents, beating the consensus estimate of 74 cents, and revenue of $187.94 billion, beating the consensus estimate of $186.79 billion.

Walmart Shares Edge Higher

WMT Price Action: At the time of publication, Walmart shares are trading 1.50% higher at $120.49, according to data from Benzinga Pro.

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