Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, November 19, 2021

Article Excerpt

WALMART INC., $142.39, New York symbol WMT, is your #1 Conservative Buy for 2021. The company is the world’s biggest retailer, with 10,566 outlets in 24 countries. Walmart continues to enjoy strong customer traffic volumes, particularly as consumers begin shopping for the winter holidays. The company also plans to absorb some of its higher shipping and labour costs instead of passing those expenses along to its customers. That’s why the stock fell 4% this week. However, keeping a lid on its selling prices should help Walmart attract more shoppers and increase its market share. In the fiscal 2022 third quarter, ended October 31, 2021, sales rose 4.3%, to $140.53 billion from $134.71 billion a year earlier. That beat the consensus forecast of $135.6 billion. Walmart’s U.S. same-store sales (including online) rose 9.2%. The number of transactions rose 5.7% in the quarter, while spending per visit improved 3.3%. U.S. online sales also improved 8%. Due to losses on the early repayment of debt, earnings in the quarter…

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