Walmart's Bouncing Back, but This Warren Buffett Stock Is Doing Even Better

The stock market managed to eke out some solid gains on Monday, but Wall Street wasn't able to sustain its upward momentum for a second day. Futures contracts were down slightly on Tuesday morning, with many investors waiting to see what the Federal Reserve's latest meeting minutes will reveal about its thought process on monetary policy. As of 8:45 a.m., futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) are down 26 points to 33,847. Futures on the S&P 500 (SNPINDEX: ^GSPC) have fallen 5 points to 4,294, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures have given up 11 points to land at 13,670.

Retail stocks are taking their turn with earnings this week, and the investing community has looked forward to seeing what Walmart (NYSE: WMT) would do after a tough showing last quarter. For the most part, Walmart's results satisfied shareholders. But one stock that Warren Buffett has made a substantial part of the holdings for the company he runs got even bigger gains. Below, you'll learn more about Walmart's numbers and then find out why Ally Financial (NYSE: ALLY) is outpacing even the retail giant's shares this morning.

Shares of Walmart were up nearly 4% in premarket trading on Tuesday. The retailer's second-quarter financial report had good news for those who were concerned after poorer results three months ago.

Source Fool.com