nysewmt
Key Points Walmart’s Q2 results and guidance confirm trends suggested by other big-box retailers.Consumers are shifting away from big-ticket items in favor of everyday needs.Walmart is winning the retail wars and could see its shares hit new all-time high levels soon.5 stocks we like better than WalmartWalmart’s (NYSE:WMT) Q2 results confirm trends Target (NYSE:TGT), Home Depot (NYSE:HD), and TJX Companies (NYSE:TJX) suggested. Consumers are shifting away from big-ticket items and large projects in favor of smaller, non-discretionary items. The shift is from discretionary categories into value...
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Walmart shares jumped over 2% on Thursday on better-than-feared results after Home Depot Inc (NYSE:HD) and Target Corp (NYSE:TGT) earnings reports failed to entice Wall Street. The company’s U.S. comparable sales, excluding gas, rose 7.3% to top the average analyst estimate for a growth of 5.1%. “We had a strong quarter. Comp sales were strong globally with eCommerce up 26%. We leveraged expenses, expanded operating margin, and grew profit ahead of sales,” said Doug McMillan, Walmart President and CEO. Strong Q1 Results Pave the Way for Outlook RaiseWalmart posted an adjusted EPS of $1.47, hig...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. Rolling RecessionQ4 2022 hedge fund letters, conferences and more Ed Yardeni likes to call the current economic environment a “rolling recession,” which I believe is an excellent description of the conundrum we are now in the midst of at the present time as the Fed continues to raise key interest rates. Suspicious ResignationI do not mean to be a conspiracy theorist, but I said on Fox Business that I did not trust the January payroll report and retail sales report due to “positive” seasonal adjustmen...
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In hisDaily Market Notes report to investors, Louis Navellier wrote: Home Depot and Walmart’s Sobering GuidanceHome Depot and Walmart’s guidance sober the market on the strength of the consumer. Home Depot had negative same sales growth for the first time in years, albeit lower lumber prices swung the numbers hard, and Walmart gave a cautious outlook. Walmart had beats top and bottom and a good Christmas season as consumers trade down to discount chains. Q4 2022 hedge fund letters, conferences and more Walmart also had the benefit of major food sales which have seen higher prices. Walmart (NYS...
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Best Buy BBY beat its most recent earnings estimate by $0.35Target may be the better bet, this year, thanks to solid projected earnings growthTJX is up more than 12% and 25% on the month and the quarter.The winter holiday season is an important time for retailers, as many rely on sales over this two or three-month period to shore up slower periods of the year. That means it is also an important time for investors, as sales from the holiday season could offer a quick return on investment or a lower entry price for a long-term payout. These stocks could bepart of a Santa Claus Rally later this m...
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Walmart shares are up on a better-than-expected report.Inventory growth slowed as well but inventories continue to rise.Guidance is favorable but strength may already be priced into this market.Walmart’s (NYSE:WMT) Q3 results are good but they are no reason to start chasing the stock higher. The market is moving up on relief as much as anything else and the risks for the company remain. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready t...
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Nike falls on a mixed FQ1 report that has the analysts worried about margins.Bloating inventory led to increased markdowns and this is expected in Q2 as well.Near-term headwinds are weighing on shares but a long-term buying opportunity is on the way.Nike’s (NYSE:NKE) FQ1 report is a wake-up call for investors who’ve not clued into the fact inventories are bloating across the retail universe. The cause begins with the pandemic shutdowns and ends with pandemic spending and supply chain hurdles that still plague the industry today. Q2 2022 hedge fund letters, conferences and more Find A Qualified...
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Williams-Sonoma (NYSE:WSM) is living proof that not all is lost within the retail world. Results within the retail sector are mixed to be sure but ultimately some have done poorly while others fared better. When it comes to Williams-Sonoma, calculus is simple. A respected brand combined with a well-established eCommerce network, sound inventory management, and a very healthy demographic resulted in not only better than expected performance but a favorable outlook that could send the short-sellers running scared. The short interest climbed to over 18% ahead of the earnings report and has been f...
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It’s easy to find hot stocks in a hot market because a rising tide lifts all ships. It’s much harder to find hot stocks when the market for the S&P 500 (NYSEARCA:SPY) is tepid because investors and their money are more cautious. In this scenario, stocks will generally move sideways within a trading range but this is not true of all issues. There are good stocks and bad stocks for all market conditions, it just takes a little work to root out the truffles from the trash. Today we’re looking at three ways to find hot stocks in a tepid market that work well on an individual basis and very well in...
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If you are looking for a bargain in the Retail Sector Ross Stores (NASDAQ:ROST) is not it but it is a relatively safe dividend payer that also buys back shares. The stock trades at roughly 21.5X its earnings estimates which put it in line with peers like The TJX Companies (NYSE:TJX) and sector favorites like Walmart (NYSE:WMT) and Target (NYSE:TGT). The valuation, high relative to the broad market S&P 500, is deserved however because Ross Stores is a well-run, blue-chip quality, dividend-growing off-price retailer in a good position for the times. There are near-term headwinds impacting result...
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