Dow 10,510.95 -114.88 / -1.08%
WMT $53.71 +0.98 (1.86%) 52Wk Range: 46.32 - 55.94
Wal-Mart Stores, Inc. (WMT), perhaps the most famous retailer in the world, whose competitors include Costco Wholesale Corporation (COST), Sears Holdings (SHLD), and Target Corporation (TGT), is actually in the green as I compose this opening sentence during the afternoon trading session. Can you believe it? A stock actually in the green! After an earnings report, no less! It is currently higher by $1.62, or 3%, to $54.35. The traders are loving it, because volume is above average with a couple hours left to go before the bell tolls.
Wal-Mart hasn't been the most exciting stock over the last twelve months. The range hasn't been too wide, with a 52-week low of $47.35 and a 52-week high of $56.27. And the stock has sort of meandered around in something of a sideways pattern (you do get a dividend with the shares, though, so there is a total-return situation going on).
On the surface, the Q1 numbers look pretty good. Net income was 88 cents per share versus 77 cents per share in the year-ago period. Expectations were for 84 cents per share.
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