Why Walmart Stock Is Soaring Today Despite Stock Market Uncertainty
Shares of Walmart (NYSE: WMT) are climbing on Wednesday. The retail giant's stock gained 7% as of 1:15 p.m. ET. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) continued to see heightened volatility.Walmart announced today that it was lowering income expectations for the current quarter. Despite the lowered target, investors appeared to focus on the fact the company reaffirmed its top-line guidance.Walmart adjusted its first-quarter outlook for operating income. Leadership is concerned with the impacts of Trump's sweeping tariffs, particularly those placed on China and Vietnam. The company had previously projected an increase of 0.5% to 2% in adjusted operating income for Q1. While it didn't offer specifics, the company widened the range.Continue reading
Shares of Walmart (NYSE: WMT) are climbing on Wednesday. The retail giant's stock gained 7% as of 1:15 p.m. ET. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) continued to see heightened volatility.
Walmart announced today that it was lowering income expectations for the current quarter. Despite the lowered target, investors appeared to focus on the fact the company reaffirmed its top-line guidance.
Walmart adjusted its first-quarter outlook for operating income. Leadership is concerned with the impacts of Trump's sweeping tariffs, particularly those placed on China and Vietnam. The company had previously projected an increase of 0.5% to 2% in adjusted operating income for Q1. While it didn't offer specifics, the company widened the range.
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