One Reason Why Walmart (WMT) Stock Is Lower Today
NEW YORK (TheStreet) -- Shares of Walmart Stores (WMT) - Get Report are retreating 0.31% to $73.44 in pre-market trading Monday as OUR Walmart, the American worker group, teamed up with a group of Chinese Walmart workers to fight work schedule changes and low wages, Reuters reports.
OUR Walmart and the Wal-Mart Chinese Workers Association (WCWA) talked about strategy for recent strikes in China on a Skype call last month through a translator, according to the groups.
"They asked for our support," Cantare Davunt, OUR Wal-Mart's leader from Minnesota, told Reuters.
The U.S. organization believes partnerships like this can increase the influence of the retailer's global workforce.
The groups are discussing joint strategies to address challenges that employees in both countries face, such as work schedule changes, Reuters added.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and notable return on equity.
The team believes its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: WMT