Walmart's Up, but This Smaller Retail Stock Is Really Soaring Thursday
Stock markets enjoyed sharp gains on Wednesday, and the upward momentum carried into Thursday morning. Futures contracts on most major market indexes were only slightly higher, but investors seemed to stay confident that Washington could avoid creating a big mess with the debt ceiling debate.
It's been a week of major retailers announcing their latest results, and Walmart (NYSE: WMT) added its quarterly report to the pile early Thursday. Investors were pleased enough with the numbers to send the share price slightly higher, but there was a much bigger retail stock winner that also released its latest results: luxury outerwear retailer Canada Goose Holdings (NYSE: GOOS). Below, you'll learn more about what both companies said and why consumers might be better off than news reports would suggest.
Shares of Walmart moved higher by about 1.5% on Thursday morning. The discount retail giant reported fiscal first-quarter financial results for the period ended April 28 that seemed to run counter to the prevailing narrative of economic stress among consumers.
Source Fool.com
Walmart Inc. Stock
The stock is an absolute favorite of our community with 92 Buy predictions and no Sell predictions.
With a target price of 74 € there is a slightly positive potential of 4.61% for Walmart Inc. compared to the current price of 70.74 €.
