Walmart Earnings & Consumer Spending Trends: A Closer Look
Walmart(WMT) ZACKS·2024-08-17 07:36
The combination of Walmart’s (WMT) beat-and-raise quarterly release and the positive July Retail Sales report has forced the gloom-and-doom narrative that threatened to take center stage just a few days ago into retreat.The clouds have not fully lifted yet, though, and downside risks still remain. But for now, at least, the soft-landing narrative is back in the ascendant, which has done wonders for market sentiment. Also helping market sentiment is further evidence from the July CPI reading that reassured i ...