Walmart is surging ahead of Target
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Walmart, Stocks
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Walmart has a three pronged strategy to deal with tariffs, and is making sure shoppers aren't the only ones taking a hit.
The company marked a milestone in May — posting its first profitable quarter for its e-commerce business in the U.S. and globally.
Target's stock is down, and Walmart's stock is up. Do you buy the stock performance winner or the loser of this matchup?
It didn’t have to be this way. At the start of his tenure, Cornell, who the company announced yesterday will step down as CEO on February 1, was an outsider unafraid to move fast and break things. He had been CEO of a big PepsiCo unit, Michaels Stores, and Sam’s Club before that.
Walmart’s results show U.S. consumers across the spectrum are still flocking to the retailer’s stores despite economic headwinds, but shares dipped.
Shares of Walmart are trading more than 5% lower following the world’s largest retailer’s quarterly earnings release. The results, announced this morning, triggered a selloff that pushed the stock below key technical support levels.
Walmart's Q2 earnings missed Wall Street profit forecasts with adjusted EPS of $0.68, but sales surged to $177.4bn as e-commerce, memberships, and advertising drove growth.
But today's focus is on the state of retail, with Walmart (WMT) reporting a mixed second quarter and Target (TGT) delivering another weak quarter on Tuesday. Both of these earnings reports couldn’t have been more different, though each clearly showed the ...