Why Walmart Stock Topped the Market Today
The market wasn't so hot on Walmart (NYSE: WMT) stock on Thursday following the company's latest quarterly-earnings release, but sentiment changed the following day. Thanks in no small part to a clutch of positive analyst updates on the company, investors snapped up Walmart again, sending it to a 3% gain on the day. With that performance, it eclipsed the 0.7% increase of the S&P 500 index. As a titan in the U.S. retail sector, Walmart is closely tracked by a platoon of stock analysts. More than a few of them weighed in on the company with updates, the bulk of which had quite the bullish tone. Several even raised their price target on the shares. Image source: Getty Images.Continue reading
The market wasn't so hot on Walmart (NYSE: WMT) stock on Thursday following the company's latest quarterly-earnings release, but sentiment changed the following day. Thanks in no small part to a clutch of positive analyst updates on the company, investors snapped up Walmart again, sending it to a 3% gain on the day. With that performance, it eclipsed the 0.7% increase of the S&P 500 index.
As a titan in the U.S. retail sector, Walmart is closely tracked by a platoon of stock analysts. More than a few of them weighed in on the company with updates, the bulk of which had quite the bullish tone. Several even raised their price target on the shares.
Image source: Getty Images.
