Is Walmart/Amazon a Zero-Sum Game?
Wednesday, February 21, 2018 We saw a market sell-off in the Dow yesterday, due in part to an earnings miss for Walmart’s WMT Q4 2018. Shares of the world’s biggest retailer sold off nearly 10% yesterday; the Dow 30 was down 1% overall. Though Walmart missed earnings estimates by 3 cents per share, the company beat on the top-line, and saw growth in comps (for the 14th straight quarter), and store traffic and storage were both up year over year. […]