Amit Singh began writing for Market Realist in 2017. He covers the consumer sector.
Walmart released impressive Q2 results yesterday. Its performance was driven primarily by its growth engines, the US and Walmex (mainly Mexico) regions.
Walmart stock closed 6.1% higher on Thursday due to the company’s better-than-expected second-quarter earnings. The stock could see more upside.
Walmart (WMT) stock was up more than 6% in the premarket session thanks to its stronger-than-expected second-quarter earnings performance.
Major US bank stocks had a rough day on Wednesday. Notably, recession fears gripped the overall market. Investors shouldn't rush to buy bank stocks.
Kraft Heinz stock has fallen about 16% since it reported its first-half results on August 8. The stock has fallen about 40% on a YTD basis as of Tuesday.
Walgreens and CVS Health shares are trading at a low valuation multiple. The stocks have fallen 22.3% and 8.7%, respectively, in 2019.
Walmart’s online grocery services are attracting more customers than Amazon. WMT stock has risen before the company's Q2 earnings release tomorrow.
The recent pullback in Walmart stock makes it an attractive bet. Walmart stock has fallen about 8% in the past month. Trade war concerns impact the stock.
Target (TGT) stock fell as trade war concerns hit retail stocks. However, TGT’s Q2 digital sales jumped 42% as it expanded its same-day delivery services.
As the broader markets take a hit, dividend-paying consumer stocks seem like a safe bet due to the sector's defensive nature.