Walmart’s Comp Sales +10%

The stock market is flat today. The large-cap tech stocks are doing well while much of the rest of the market isn’t doing much. The S&P 500 has a shot of making it four up days in a row.

Steve Mnuchin, the Treasury Secretary, told Congress today that the Treasury is “fully prepared to take losses in certain scenarios” on the money remaining to be distributed from the CARES Act.

Walmart (WMT) had a good earnings report this morning. Their e-commerce sales were up by 74%. Walmart’s comp-store sales rose by 10%.

Posted by on May 19th, 2020 at 1:59 pm


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