U.S. markets closed
  • S&P Futures

    4,366.00
    +17.75 (+0.41%)
     
  • Dow Futures

    34,028.00
    +189.00 (+0.56%)
     
  • Nasdaq Futures

    15,057.50
    +48.00 (+0.32%)
     
  • Russell 2000 Futures

    2,189.00
    +12.20 (+0.56%)
     
  • Crude Oil

    70.98
    +0.69 (+0.98%)
     
  • Gold

    1,763.60
    -0.20 (-0.01%)
     
  • Silver

    22.26
    +0.06 (+0.27%)
     
  • EUR/USD

    1.1736
    +0.0008 (+0.07%)
     
  • 10-Yr Bond

    1.3090
    -0.0610 (-4.45%)
     
  • Vix

    25.71
    +4.90 (+23.55%)
     
  • GBP/USD

    1.3669
    +0.0010 (+0.07%)
     
  • USD/JPY

    109.5980
    +0.1780 (+0.16%)
     
  • BTC-USD

    42,785.42
    -2,827.63 (-6.20%)
     
  • CMC Crypto 200

    1,069.82
    -64.56 (-5.69%)
     
  • FTSE 100

    6,903.91
    -59.73 (-0.86%)
     
  • Nikkei 225

    29,898.57
    -601.48 (-1.97%)
     
  • Oops!
    Something went wrong.
    Please try again later.

Walmart is Yahoo Finance Plus’ investment idea of the day

In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Yahoo Finance’s Jared Blikre reports details on Yahoo Finance’s Investment idea of the day.

Video Transcript

Now, I was going to ask you, Jared, about the Yahoo Finance + investment idea of the day. It's a stock we're familiar with. What is it?

JARED BLIKRE: Yes. We got Walmart, here. You guys might have heard of it. And this is, indeed, our Yahoo Finance + investment idea of the day. And this is based on the fundamental report by Arias research. And there, you can see the stock up about 4 and 1/2%, year-to-date. Now, some of the reasoning behind this, Walmart just announced its second quarter earnings last week. They raised their EPS estimates, boosted their target to $175, this is Argus Research, boosting that Walmart target to $175. You can see the current price is about $150. Let me bring that back in so I can get some more of the details. Long-term price target, $175, and here's their reason. On August 17, Walmart reported second quarter results. Company earned an adjusted $1.78 per share, which topped our estimate of $1.48 in the StreetAccount consensus of $1.56. And then, comes the comp sales number. Reported a 5.2% increase in comp sales, on top of a 9.3% increase in the prior year quarter, helped by market share gains in groceries. Performance topped the StreetAccount consensus, calling for a 3.1% increase. In its second quarter earnings release, Walmart raises full year EPS guidance. I'm just going to move on, here, to the end. We, Argus Research, are raising our full year '22 EPS estimate to $6.30, from $5.93, and the '23 estimate to $6.35, from $5.95. And I'm going to send this back to Brian Sozzi. Hope I got that right.

BRIAN SOZZI: Jared, are you a Walmart or Target guy?

JARED BLIKRE: I like target because it's a little bit smaller. Walmart just is daunting. I get in there, and I look around, and I think, I'm going to-- my feet are going to be sore after I get out of here.

BRIAN SOZZI: [CHUCKLE] Fair enough. Our viewers were curious, that's why I'm asking. Jared Blikre, thanks--

JARED BLIKRE: [CHUCKLE]

BRIAN SOZZI: --so much.

JARED BLIKRE: You got it.