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Walmart warning spooks stocks


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#1 Rogerdodger

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Posted 26 July 2022 - 08:18 AM

Futures fall after Walmart warning spooks retail stocks

Walmart Inc's (WMT.N) shares slumped 9.1% in premarket trading, while Target (TGT.N) and Amazon.com (AMZN.O) fell 5%, souring the mood as some of America's biggest companies report in what is set to be the busiest week of the earnings season.

Along with high inflation, a stronger dollar is also expected to pressure earnings of companies with sprawling global operations.
In other data, the Conference Board is expected to show its consumer confidence index likely dropped 97.2 in July from 98.7 in the prior month.
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Hobbled by chip, other shortages, GM profit slides 40% in Q2


Edited by Rogerdodger, 26 July 2022 - 08:52 AM.


#2 pdx5

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    I want return OF my money more than return ON my money

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Posted 26 July 2022 - 09:34 AM

There were few chips in my 1977 Chevy Malibu V-8. It ran flawlessly for 100k miles.

Now cars have too many chips, and they don't run any better than my silky smooth 77 Malibu.


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#3 slupert

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Posted 26 July 2022 - 02:43 PM

There were few chips in my 1977 Chevy Malibu V-8. It ran flawlessly for 100k miles.

Now cars have too many chips, and they don't run any better than my silky smooth 77 Malibu.

IBy 2035 chips will be 30% of the price of a new car. The middle class is already priced out of a new car,Elon better hurry up with those Robo taxis.



#4 Rogerdodger

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Posted 27 July 2022 - 08:06 PM

My car is so old...

(How old is it?)

 

The only chips are in the paint and windshield!

 

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I'll be here all week.