Here’s Why Tesla Motors, Wal-Mart Stores, and Herbalife Are Trending Today

Traders are talking about Wal-Mart Stores, Inc. (NYSE:WMT) after the Wall Street Journal reported that there has been a shake-up among the executive suit in the retail giant’s e-commerce segment. Specifically, several executives at the e-commerce division have exited after Jet.com founder Marc Lore took control of operations. One reason Wal-Mart paid over $3 billion for Jet.com was so that Marc Lore can head the e-commerce division and help the company maintain/win market-share against Amazon.com, Inc. (NASDAQ:AMZN). Bulls hope the management shuffling can help the division grow faster. The number of elite funds with holdings in Wal-Mart Stores, Inc. (NYSE:WMT) rose by four quarter-over-quarter to 58 at the end of June.

Herbalife Ltd. (NYSE:HLF) shares are 8.5% in the red in part due to the news that the current COO, Rich Goudis, will replace Michael Johnson as the CEO effective June 1, 2017. The news means that Bill Ackman, how is likely still short Herbalife, will likely outlast Johnson in the hedge fund’s battle against the nutrition company. In addition to the CEO news, Herbalife reported third-quarter EPS of $1.21 on revenue of $1.12 billion, beating the bottom line estimate by $0.12 per share but missing the top-line by $20 million. A total of 35 top funds were long Herbalife Ltd. (NYSE:HLF) at the end of June, down by two funds from the previous quarter.

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