Monday, November 20, 2017

"Goldman Sachs Downgrades Surging Walmart Stock Because Nobody Understands Walmart More Than Goldman Sachs"

The headline is cute, funny and wrong (remind you of anyone?)

WMT is running because their online operation is making them look like geniuses for picking up Jet.com for only $3.3 billion last year.

WMT Wal-Mart Stores, Inc. daily Stock Chart

In regular trade the stock was up a penny at $97.48, after-hours off three cents.

From DealBreaker:
Despite the much-reported “Death of Retail,” stock in Walmart has been on something of a little tear over the last year.

In fact, while Amazon has put the biblical “Fear of Bezos” into the rest of the retail sector, WMT has put on about $30 in new weight. The run was been a low-key surprise for many, and as a result Walmart has become the most unlikely thing that Walmart can be; a sexy pick.

The whole affair has also given rise to a fun little parlor game of watching finance types on the coasts misread the potency of Walmart. Bentonville has beaten Wall Street consensus estimates the last four quarters....MORE
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