Strong Walmart earnings may already be priced in with shares near record

NEW YORK - Walmart's earnings amid signs of weaker discretionary spending could add fuel to a rally that has propelled its shares to record highs, or potentially spook investors looking to justify the heavyweight retailer's pricey valuation.

But those expectations come as Walmart contends with higher than average inventories. General merchandise, a crucial category for Walmart, generated $114 billion in sales or a quarter of its total revenues in the year ended January 2024. B. Riley Wealth's chief market strategist Art Hogan said he expects Walmart's shares to trend higher if it beats revenue and earnings estimates on Thursday.

Three growth stocks are sound investment prospects and future giants for their visible growth potential. The post The Future Giants: 3 Emerging Stocks With Incredible Growth Potential appeared first on The Motley Fool Canada.Buy these two ultra-high-yield monthly dividend stocks in Canada now for steady passive income. The post Portfolio Payday: 2 Ultra-High-Yield Monthly Dividend Stocks to Buy in May 2024 appeared first on The Motley Fool Canada.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walmart Is Next Test for Traders Fretting About Consumer StocksEarnings from a string of household names are stoking concern over the resilience of American consumers and stocks tied to their spending, raising the stakes for results from the nation’s largest retailers.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Walmart earnings, CPI, housing data: What to Watch Next WeekMarket Domination Overtime Hosts Josh Lipton and Julie Hyman preview the biggest headlines and events for investors next week, including earnings out from...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »