Some other company got there's out and nabbed a Postal contract! WE GOT TO GET THESE LAST MILE BABIES ROLLING!
RFID IN WALMART:Piper Sandler analyst Harsh Kumar raised the firm's price target on Impinj to $75 from $60 and reiterated an Overweight rating on the shares after visiting a few local Walmart stores in the southeastern United States as well as the Chicagoland area and noticing radio-frequency identification, or RFID, tags being used across the clothing department. Kumar believes this is a tailwind for Impinj, "as it appears another major customer is moving toward a RFID tagging system." It also speaks to the size of the broader opportunity of RFID, Kumar told investors in a research note. Further, the analyst argued that Walmart utilizing the technology, even just initially in clothing, is a "clear demonstration of the value of RFID more broadly." While Kumar didn't notice RFID tagging being used in any other sections of Walmart during his visits, he believes the use in the clothing department implies that Walmart has started the process of moving toward an RFID tagging system for its products. He saw two distinct types of tags at the Walmart stores he visited. The first tag was used on major Walmart brands with these having the RFID tags built into the original manufacturer tag itself. The analyst noted that this type of tagging can only come from an internal mandate by Walmart, as the antenna and chip are built directly into the original product makers' tags. The second tag he saw was used on non-house brands for Walmart, which featured a second tag in addition to the original manufacturer tag. In his opinion, both of these directives show that Walmart is committed to its RFID initiative.
Retail stocks are outperforming the broad market as the focus turns back to strong consumer spending trends and the ability for some companies to leverage down higher shipping, labor and commodity costs.
Greenidge Generation Holdings Inc. (GREE)-HOD-$32! 27.21+3.43 (+14.42%)<------------ As of 1:09PM EDT.