Aaron Back

speaker

279 appearances 6 recordings 1 series first heard Jul 2018 last heard Jul 2019

Aaron Back’s voice in public audio — every appearance, attributed to the second.

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If I'm Campbell's Soup, if I'm Procter & Gamble, Walmart can get them to give me a better price than anyone else.

And now they're passing that on to people online.

It's hard to measure this, but J.P.

Morgan did a study where they looked at online grocery sales compared to Kroger, for example.

Walmart is 5% cheaper than Kroger, and Kroger is already a value play.

Amazon's grocery delivery service, they found, was a 12% premium to Kroger.

So Walmart is taking the price advantage that they enjoyed offline and bringing it online.

Yeah, so the swing factor of the stock is really how these e-commerce sales are doing.

Okay, everyone knows how the bricks and mortar stores are doing.

E-commerce is the swing factor.

The stock was rising quite a bit.

At the start of this year, they had a disappointing, one single disappointing corner for e-commerce.

The stock fell dramatically.

More recently, they printed this 40% growth in e-commerce sales in one quarter.

Stock went up 10% in one day.

So I think that as long as this e-commerce growth story continues, the stock has a lot of room to rise.

My pleasure.

As rates move higher and higher, the pressure for them to pay out grows. voice-verified

And I think we're really at an inflection point now where people are going to start seeing better deposit rates. voice-verified

Absolutely. voice-verified

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