In business during a crisis, there are winner and losers.
CNBC reports that Walmart stock is up sharply during the coronavirus pandemic; in the time it's taken the Dow Jones and other indexes to lose nearly a third of their value, Walmart's stock has risen 13%.
Walmart generates more than two-thirds of its revenue from within the United States. Total sales are expected to climb by 3% in its April-ending quarter, according to FactSet estimates.
“When you have this type of panic and movement into hoarding and stockpiling groceries in this … countrywide quarantine, it’s not a surprise that Walmart is outperforming the market,” said Petrides.
JC O’Hara, chief market technician at MKM Partners, said Walmart could continue to outperform, given the shock to the consumer.
Mr. Maguire: I want to say one word to you, Benjamin. Just one word.
Benjamin Braddock: Yes, sir.
Mr. Maguire: Are you listening?
Benjamin Braddock: Yes, I am.
Mr. Maguire: Business cloud storage and office management services and solutions.
• One Trump fundraising event in Dallas next month has a price tag of $580,600 per couple. Impeached president Donald Trump is scheduled to headline in-person fundraisers as early as June, which would be his first since the coronavirus outbreak stopped campaign events in March.
Impeached President Donald Trump announced on a Friday afternoon in the middle of a pandemic that has killed more than 100,000 that he is terminating the relationship between the United States and the World Health Organization.
“Test counts inflated, death tolls deflated, metrics shifted.”
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