Walmart Nears 10-Year High

Apparently there are other stocks on the market besides Facebook ($FB). One such company is called Walmart ($WMT), and unlike FB, it has been doing well lately. Facebook began with a checking account of $15,000 which is roughly the amount of revenue WMT generates every single second of every hour of every day. That adds up to $475 billion a year.

What’s fascinating about WMT is that it’s been stuck in the Mother of All Trading Ranges for several years. For over a decade, WMT has rarely strayed far outside its $45 to $60 band.

But thanks to its good earnings report the other day, the stock looks ready to break loose. On Monday, Walmart closed at $63.04 which is just 13 cents shy of its highest close in the last ten years.

Wall Street expects earnings next year of $5.33 per share with a five-year growth rate of 8.3%. That makes the stock almost perfectly priced.

Posted by on May 22nd, 2012 at 9:11 am

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