THE REACTION TO WALMART EARNINGS SUMS UP THE STATE OF THE STOCK MARKET
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
The State Of The Market
Please click here for a chart of Walmart (WMT)
Note the following:
- The Morning Capsule is about the big picture and not about an individual stock. Walmart stock is being used as an example to illustrate the bigger point about the state of the stock market.
- Early this morning stock futures were down. Then Walmart reported earnings and stock futures ran up.
- The chart shows gap downs in Walmart stock when it lowered its projections in May and again about three weeks ago.
August 16, 2022