Walmart's Big Day Will Be Hard to Duplicate
Shares of Walmart (WMT) had a banner day on Thursday, thanks to the retailer's beat-and-raise second-quarter earnings, but necessary changes require patience from investors. Where we were: Walmart's quarter harkened back to its glory days of 2017, as the retailing giant showed strong e-commerce growth and raised guidance. Where we're headed: Raymond James is slightly less bullish today, given the investments the company will have to make to maintain its dominance. Shares of Walmart (WMT) are taking a breather after their big post-earnings gains on Thursday, following a minor note of caution from Raymond James.