After Biggest One-Day Decline Since 2022, Is Walmart Stock a Buy?
Walmart shares fell more than 9% after reporting its fiscal Q2 results.
Overview
Shares of Walmart (NASDAQ: WMT) saw their worst one-day drop since 2022 after the retailer said it would use its approximately $2.9 billion in tariff refunds to lower prices for consumers, which would negatively impact its third-quarter results.
The company indicated that consumers appear to be stretched due to high gasoline prices, but that overall they remain resilient and keep spending, helped by wage growth.
Details
Following its dip, the stock is now down about 7% on the year, as of Aug. 20. Let's dive into the retail stock's quarterly results to see if the pullback is a buying opportunity or if investors should stay away.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.