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Walmart (NYSE: WMT) stock gained 13% in November according to data from S&P Global Market Intelligence. It reported strong third-quarter earnings amid a challenging operating environment.
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But after digesting Walmart's (NYSE: WMT) latest earnings report, I've come to temper my own recessionary fears. Let's break down Walmart's impressive quarter, and explore why the stock looks like ...
The stock has slowly been gaining momentum this month. Shares of America's largest retailer are up about 16% year to date. Shares of America's largest retailer are up about 16% year to date.
Walmart expects sales growth to moderate in Q4 as inflation in grocery prices slows down, but "we're encouraged by the increased traffic and share gains we've seen and expect," said Rainey.
Reebok International Limited (/ ˈ r iː b ɒ k / REE-bok) is an American footwear and clothing brand that is a part of Authentic Brands Group.It was established in England in 1958 as a companion company to J.W. Foster and Sons, a sporting goods company which had been founded in 1895 in Bolton, Lancashire.
On March 21, 2024, Walmart stock reached a record closing high of $61.45 per share. So far this year, its shares are already up 14%, beating the S&P 500's ( ^GSPC ) 10% gain.
Walmart has $93 billion invested in the businesses, with its largest stakes in Flipkart (84%) and PhonePe (84%). Drbul determined Walmart's stock is worth $180, roughly 12% higher than current levels.