Wal-Mart Stores, Inc. (NYSE: WMT)

On Thursday, November 16th, 2017, Walmart stores reported their fiscal quarterly earnings before the market open for trading. 

Walmart reported revenue of +$1.23 billion dollars which compares with +$1.21 billion dollars in the year-ago period. Earnings came in at $1 per share after adjustments, while analysts had been expecting $0.97 per share.

However, it was in the U.S.-based internet and e-commerce area that saw the biggest and most lucrative increase which came in at +50%.

WMT Charts

The above price chart is the daily action going back about 6 months. Today’s candle in the far upper right corner shows the power behind the move.

The above price chart shows the pre-market gap up in shares on the left and then the regular trading session on the right in all black. Walmart followed a clear up-trend all day, with every minor dip finding buyers and support levels.

Analyst Comments

Barclays analyst Karen Short wrote this in a note to staff and others who follow Wal-Mart.

“To use an analogy from a savvy client: A wall went up on June 16th. As a food retailer, you were either on the right or wrong side of the wall. In our view, WMT was clearly on the right side, but even prior to June 16th, WMT had made significant progress in changing the narrative by evolving its capabilities as a dominant omni-channel retailer, so from our perspective, historical valuation ceased to matter on June 16th.”