Retail Stocks Fell in Morning Trading, Walmart Tumbled 7%

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Retail Stocks Fell in Morning Trading, Walmart Tumbled 7%

Tiger Newspress2022-07-26

Retail stocks fell in morning trading, Walmart tumbled 7%. Costco, Target, Best Buy and Kohl's fell between 2% and 4%.

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JaiVenky
·2022-07-27
Great
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1
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imteng87
·2022-07-27
Ok
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Ssimsim
·2022-07-27
Well
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boonhong21
·2022-07-27
[What]
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Korer
·2022-07-27
👍👍
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Bspn
·2022-07-27
Ok
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PearlynCSY
·2022-07-27
U.S. stocks fell Tuesday after Walmart cut its earnings forecast, sending other retail shares lower and adding to concern that consumer spending might not be strong enough to keep the U.S. out of a recession. Walmart cut its quarterly and full-year profit estimates because of rising food inflation. This alarmed investors who deliberated the implications for other retail stocks. The big-box retailer said higher prices are spurring consumers to pull back on general merchandise spending, particularly in apparel. “The most important thing from the Walmart announcement is how inflation is changing what people buy,” said Robert Cantwell, portfolio manager at Upholdings. “Food now makes up a bigger share of individuals’ budgets, but overall spending still generally remains intact.”Traders are als
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- Remotecam:
  thanks for sharing. A 75 bp hike will cause a relief rally tomorrow. A 100 bp hike will cause a downturn.
  2022-07-27
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- 生肉麵加豬油渣:
  [Facepalm]
  2022-07-27
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- 特斯拉和苹果:
  👍
  2022-07-27
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a1g2r
·2022-07-27
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pal22
·2022-07-27
👌
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- pal22:
  👌
  2022-07-27
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1nquisit0
·2022-07-27
Please like
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HHM13
·2022-07-27
Thanks for sharing.
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- T2C:
  Yes
  2022-07-27
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- Xtraordinary:
  Hrhrhehe
  2022-07-27
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N00b
·2022-07-26
Ok like
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- 1nquisit0:
  done
  2022-07-27
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Kiwii
·2022-07-26
Hallo
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- Kiwii:
  Hi
  2022-07-26
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carroll
·2022-07-26
Hallo
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- carroll:
  Hi
  2022-07-26
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TaiJin
·2022-07-26
[Miser]
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K21
·2022-07-26
Okk
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miaoyin88
·2022-07-26
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- miaoyin88:
  ok
  2022-07-26
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stocks fell Tuesday after Walmart cut its earnings forecast, sending other retail shares lower and adding to concern that consumer spending might not be strong enough to keep the U.S. out of a recession. Walmart cut its quarterly and full-year profit estimates because of rising food inflation. This alarmed investors who deliberated the implications for other retail stocks. The big-box retailer said higher prices are spurring consumers to pull back on general merchandise spending, particularly in apparel. “The most important thing from the Walmart announcement is how inflation is changing what people buy,” said Robert Cantwell, portfolio manager at Upholdings. “Food now makes up a bigger share of individuals’ budgets, but overall spending still generally remains intact.”Traders are als","listText":"U.S. stocks fell Tuesday after Walmart cut its earnings forecast, sending other retail shares lower and adding to concern that consumer spending might not be strong enough to keep the U.S. out of a recession. Walmart cut its quarterly and full-year profit estimates because of rising food inflation. This alarmed investors who deliberated the implications for other retail stocks. The big-box retailer said higher prices are spurring consumers to pull back on general merchandise spending, particularly in apparel. “The most important thing from the Walmart announcement is how inflation is changing what people buy,” said Robert Cantwell, portfolio manager at Upholdings. “Food now makes up a bigger share of individuals’ budgets, but overall spending still generally remains intact.”Traders are als","text":"U.S. stocks fell Tuesday after Walmart cut its earnings forecast, sending other retail shares lower and adding to concern that consumer spending might not be strong enough to keep the U.S. out of a recession. Walmart cut its quarterly and full-year profit estimates because of rising food inflation. This alarmed investors who deliberated the implications for other retail stocks. The big-box retailer said higher prices are spurring consumers to pull back on general merchandise spending, particularly in apparel. “The most important thing from the Walmart announcement is how inflation is changing what people buy,” said Robert Cantwell, portfolio manager at Upholdings. “Food now makes up a bigger share of individuals’ budgets, but overall spending still generally remains intact.”Traders are als","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":69,"commentSize":55,"repostSize":0,"link":"https://ttm.financial/post/9909655947","repostId":1138496885,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":103091998,"gmtCreate":1658882499420,"gmtModify":1675837850493,"authorId":4093854476996450,"author":{"id":4093854476996450,"authorId":4093854476996450,"name":"Remotecam","avatar":"https://community-static.tradeup.com/news/0668b3779e1a7691fc66252c07b458d0","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.17","exceedPercentage":"93.68%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9909655947,"type":1,"supId":0,"prevId":0,"content":"thanks for sharing. A 75 bp hike will cause a relief rally tomorrow. A 100 bp hike will cause&nbsp; <u>a</u> downturn.","text":"thanks for sharing. A 75 bp hike will cause a relief rally tomorrow. A 100 bp hike will cause&nbsp; <u>a</u> downturn.","html":"thanks for sharing. A 75 bp hike will cause a relief rally tomorrow. A 100 bp hike will cause&nbsp; <u>a</u> downturn."},{"id":103091649,"gmtCreate":1658881983917,"gmtModify":1675837845307,"authorId":3559357742503712,"author":{"id":3559357742503712,"authorId":3559357742503712,"name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9909655947,"type":1,"supId":0,"prevId":0,"content":"[Facepalm]","text":"[Facepalm]","html":"[Facepalm]"},{"id":103091546,"gmtCreate":1658881834217,"gmtModify":1675837843707,"authorId":3581991002296099,"author":{"id":3581991002296099,"authorId":3581991002296099,"name":"特斯拉和苹果","avatar":"https://community-static.tradeup.com/news/6581253070e29aaf4c167d76781aa312","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9909655947,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">👍</span>","text":"<span class=\"s1\">👍</span>","html":"<span 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