Wal-Mart Stores (WMT) is trading 6% higher at $140.42 today. The company reported a better than expected earnings report today, although some feel they set expectations low to help do just that. The monolithic retailer is looked upon by many as a signal for the greater economy's health.
Wal-Mart Stores has been trading between a 52-week high of $159.49 and a 52-week low of $116.76. The stock has a market cap of $385 Billion.
Walmart Inc. helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, over 265 million customers and members visit approximately 11,400 stores under 55 banners in 26 countries and eCommerce websites.
Headlines
Home Depot’s record sales show that the US housing market remains strong
Lanka Times 08-16-22
Walmart Reaffirms Second-Half Outlook Following Earnings
Financial Buzz 08-16-22
Why Walmart Stock Was Up Earlier Today
The Motley Fool 08-16-22
The S&P 500 May Be Breaking Away From The Suppression Of A Strong Dollar
Benzinga 08-16-22
Walmart is adding Paramount+ streaming as a membership perk
TechSpot 08-16-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:Adept-Ad4847 - 19 upvotes -
sourceBBBY AND WMT if u do anything else u get zero pu$$y legit so let’s run it up
ItsDijital - 12 upvotes -
sourceIf WMT and HD have good earning tomorrow, the recession is officially canceled.
DUNDER_KILL - 12 upvotes -
sourceAre my $140 WMT degenerate calls really about to print??
Low_Ad_2846 - 11 upvotes -
sourcePretty sure WMT is going to tank the economy again
Tristan-Odom - 11 upvotes -
sourceWMT calls booming tomorrow?
BigC_Gang - 11 upvotes -
sourceSo WMT guiding down a few weeks ago was just a prank? I didn’t know a company could just do that
aborack6 - 11 upvotes -
sourceWMT gonna come and tank the market
monaarts - 10 upvotes -
sourceWMT earnings are going to move the market up or down more than CPI did. 😜
crumbaker - 10 upvotes -
sourceIrrational market strikes again. Yeah WMT beat absolute shit expectations, but it still performed like shit, guidance is still shit, just slightly less shit. Like putting cheese on your shit sandwich. Still a shit sandwich.
Zurkarak - 10 upvotes -
sourceSo WMT did good