Diamonds and Dogs
Walmart wants to be more like Amazon. Walmart (WMT) is up 2.3% not far from its 523 week high on news they are launching a process to speed up returns of items bought on its website, in time for the busy holiday season, as it looks to compete better with e-commerce giant Amazon.com. The process can be completed at "express" lanes in a store.
GE keeps moving in the wrong direction. GE is down 3% today down 28% since December not far from a two year low on a downgrade and management shake up. GE will get a new CFO November 1st while also electing the CIO of activist investor Trian Fund Management to its board. J.P. Morgan analyst said the recent management changes were a "clear negative" for the industrial conglomerate.
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