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Walmart Inc. (WMT - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $87.63 to $90.85 in the past one-month time frame.
The move came after the company reported solid second-quarter fiscal 2019 results. Also, management raised its outlook for the fiscal year.
The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Walmart currently has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
Is WMT going up? Or down? Predict to see what others think: Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Walmart (WMT) Catches Eye: Stock Jumps 9.3%
Walmart Inc. (WMT - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $87.63 to $90.85 in the past one-month time frame.
The move came after the company reported solid second-quarter fiscal 2019 results. Also, management raised its outlook for the fiscal year.
The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Walmart currently has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
Walmart Inc. Price
Walmart Inc. Price | Walmart Inc. Quote
A better-ranked stock in the Retail-Wholesale sector is Abercrombie & Fitch Co. (ANF - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is WMT going up? Or down? Predict to see what others think: Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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