Boston, MA, 02/26/2014 (usastockreport) – After Wal-Mart Stores, Inc. (NYSE:WMT) witnesses sales pressure and falling profits in the U.S. markets, the retailer is quick to target regions outside the U.S. for counterbalancing the lost value. On Monday, Wal-Mart announced that it is going forward to invest $1.1 billion (15 billion pesos) in its Mexican and Central American units so as to help open new stores and improve e-commerce in these regions. With this the company is targeting to offset the declining sales in the home market. Wal-Mart’s spending in its Mexican unit, Walmex, is significant, even as the largest retailer was alleged of malpractices there,a few years back. Apart from exploiting the potential in Mexican markets, experts believe that Wal-Mart Stores, Inc. (NYSE:WMT) also wants to rebuild its image in the nation.
Southwest Airlines Co (NYSE:LUV) gets a ‘Hold’ rating from the analyst at Stifel Nicolaus as the research firm initiated its coverage on the carrier yesterday. The hold rating from Stifel comes despite of a remarkable performance by the company. Notable, a majority of analysts, nine out of thirteen, have a bullish outlook over the company. The Airline industry has been badly hit by the rough weather during the beginning of the year, which can be a drag down for their earnings. However, experts feel that the results might get the pinch but not excessively.
Following the commencement of production by BP plc (ADR) (NYSE:BP) from its first well at Na Kika project, Light Louisiana Sweet (LLS) Oil, the benchmark crude on the Gulf Coast showed signs of weakness. LLS shed $0.40 per barrel to $5.50 premium to West Texas Intermediate (WTI). This week BP plc (ADR) (NYSE:BP) said that it has started production of new oil in the Gulf region through and also mentioned that the production from a second well in New Orleans is expected to begin by the second quarter. The new production has resulted in weakening of LLS, which is also a light low-sulfur crude produced in southern Louisiana.