Netflix downgraded by UBS, Walmart to sell supermarket business in Japan, AT&T invests in augmented reality

Thu, Jul 12, 2018, 11:21 AM

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Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.

UBS just downgraded the Netflix (NFLX) to Neutral. Analyst Eric Sheridan says any future growth at the company is already priced in, and the stock is “less compelling” after its 118% rally so far this year. Still, he raised his price target for Netflix to $425 a share.

Walmart (WMT) is reportedly looking to get out of the supermarket business in Japan. The Nikkei business daily says Walmart has decided to sell Japanese supermarket chain Seiyu. The price tag could top $2.7B. Walmart has been shedding some of its more sluggish overseas operations in recent months.

AT&T (T) is making an investment in augmented reality. It just cut a deal with start-up Magic Leap, to exclusively sell a version of an augmented reality headset. The terms weren’t announced, but AT&T says the deal is for several years. Magic Leap still hasn’t given a firm date for when its first product will be available for consumers.

The World Cup is not scoring a goal for Fox (FOX). The Wall Street Journal says the company expects to lose money on the tournament this year. Without the US team, ratings have been a third lower than 4 years ago. France is set to take on Croatia in the World Cup Final Sunday at 10am Eastern.

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My wife is 76, born in 1948. She retired at full retirement age and currently collects $1,076 per month. I will be retiring and start collecting at 70 this year (I was born in 1954). When I collect $4,000+ per month does her monthly payment go up to spousal benefit automatically or does it have […] The post When I Claim My $4,000 Social Security, Will My Wife Automatically Get a Spousal Benefit? appeared first on SmartReads by SmartAsset.
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Netflix downgraded by UBS, Walmart to sell supermarket business in Japan, AT&T invests in augmented reality

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