Walmart still makes for a good buy, says Goldman Sachs.
When Walmart (NYSE: WMT) cut its guidance three weeks ago, it sent shudders through the market. More than any other company, Walmart has its finger on the pulse of the economy, and in addition to being the biggest retailer in the world, it's also the world's biggest private employer, giving it outsize influence over the labor market as well. Now, just three weeks later, Walmart is painting a much different picture.
BJ’s Wholesale Club’s shares were rising after the company beat earnings expectations and lifted its full-year guidance citing continued strength in its grocery business. For the second fiscal quarter, BJ’s reported adjusted earnings of $1.06-a-share, higher than the consensus of 80 cents per share among analysts tracked by FactSet.