Citi Positive on Walmart (WMT)

Walmart gains after a 'strong beat and raise' quarter

(Updated - May 18, 2023 9:10 AM EDT)

Investing.com -- Walmart Inc (NYSE: WMT) has posted a bigger-than-anticipated jump in sales in the first quarter, as strong performance at its e-commerce business and an uptick in grocery demand helped offset the impact of inflationary pressures hitting other major retailers.

Total revenue during the three months to April rose by 7.6% to $152.3 billion, topping estimates of $147.8B.

Sales at... More

Dow futures rise 15 pts; Walmart earnings, jobless claims in focus

Investing.com -- U.S. stocks are seen opening with minor gains Thursday, hanging on the previous sessions strong close on optimism of a resolution to the debt ceiling impasse, with earnings from retail giant Walmart (NYSE: WMT) also in the spotlight.

At 07:00 ET (11:00 GMT), the Dow futures contract was up 15 points, or 0.1%, S&P 500 futures traded 8 points, or 0.2% higher, and Nasdaq 100 futures climbed 25 points, or 0.2%.

The main indices closed higher Wednesday, with the blue-chip Dow Jones Industrial Average gaining over 400 points, or 1.2%, after... More

Walmart (WMT) Tops Q1 EPS by 17c, Updates Guidance

Walmart (NYSE: WMT) reported Q1 EPS of $1.47, $0.17 better than the analyst estimate of $1.30. Revenue for the quarter came in at $152.3 billion versus the consensus estimate of $148.5 billion.

GUIDANCE:

Walmart sees FY2024 EPS of $6.10-$6.20, versus the consensus of $6.14.

Debt limit talks, Biden's trip overseas, Walmart reports - what's moving markets

Investing.com -- U.S. President Joe Biden climbs off a plane in Japan to discuss global issues at this weekend's G7 meeting, but the spotlight remains focused on the outcome of the debt ceiling talks in Washington. Meanwhile, Walmart prepares to report its quarterly results after its retail peers unveiled disappointing sales.

1. "We will not default"

President Biden sounded a cautiously bullish tone on the ongoing negotiations over raising the $31.4 borrowing limit, saying that top-level members of Congress have agreed that the country "will not default."

Biden also confirmed that he... More

Walmart (WMT) May 150 straddle into quarter results

Walmart (NYSE: WMT) May 150 straddle is priced for a move of 3.5% into the expected release of quarter results today before the bell.

Stock market today: Dow rallies 400 points on debt ceiling deal optimism

Investing.com -- U.S. stocks surged on Wednesday amid optimism on the debt ceiling negotiations as retailers continue to report first-quarter earnings.

At 16:01 ET, the Dow Jones Industrial Average closed up 409 points or 1.2%, while the S&P 500 was up 1.2% and the NASDAQ Composite was up 1.3%.

The debt ceiling talks in Washington continue after top-ranking lawmakers met with President Joe Biden at the White House on Tuesday. The sides are trying to hammer out differences as the deadline for when the U.S. risks a default quickly... More

Walmart reports, Alibaba earnings, Applied Materials: 3 things to watch

Investing.com -- Stocks surged on Wednesday amid hopes that Congress will hammer out a deal on raising the debt ceiling, allowing the U.S. to avoid the possibility of defaulting on its obligations.

Lawmakers were still busy on the details after a meeting at the White House on Tuesday, though they could reach an agreement in the next few days.

Stocks are surging on optimism about possible debt ceiling deal

Investing.com -- U.S. stocks surged on Wednesday amid optimism on the debt ceiling negotiations as retailers continue to report first-quarter earnings.

At 13:54 ET, the Dow Jones Industrial Average was up 426 points or 1.3%, while the S&P 500 was up 1.3% and the NASDAQ Composite was up 1.3%.

The debt ceiling talks in Washington continue after top-ranking lawmakers met with President Joe Biden at the White House on Tuesday. The sides are trying to hammer out differences as the deadline for when the U.S. risks a default quickly approaches.... More

Walmart (WMT) May option implied volatility into quarter results

Walmart (NYSE: WMT) May call option implied volatility is at 63, June is at 21; compared to its 52-week range of 16 to 34 into the expected release of quarter results before the bell on May 18.

Walmart (WMT) May 150 straddle into quarter results

Walmart (NYSE: WMT) May 150 straddle is priced for a move of 4% into the expected release of quarter results before the bell on May 18.

Walmart investors eye margins amid grocery focus

By Siddharth Cavale

NEW YORK (Reuters) - When Walmart reports earnings Thursday, investors will get an even closer look at how American shoppers shifted their spending when faced with higher prices on groceries and most other merchandise.

Shoppers recently have been cutting back on their purchases of clothing, TVs and furniture - goods that tend to be more profitable for Walmart and other retailers. Home improvement chain Home Depot cut its annual forecast on Tuesday, indicating weakness for retailers who sell discretionary merchandise.

Yet many shoppers have turned to Walmart for its low-priced basics such as... More

Walmart (WMT) option implied volatility into quarter results

Walmart (NYSE: WMT) May call option implied volatility is at 54, June is at 22; compared to its 52-week range of 16 to 34 into the expected release of quarter results before the bell on May 18.