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Markets on Edge After Walmart Shocker
Good morning contrarians! Markets are on edge a bit after $WMT’s surprise announcement after the close last night. The stock sold off, taking other retailers down with it.
Full disclosure: am long WMT and added to my holdings as stocks dropped, buying at $120/share
Today we get a mess of earnings: $GM just fell short of estimates. $MMM lowered their outlook. On the positive side $GE and $UPS beat estimates with the latter maintaining outlook and even increasing share buybacks.
More on what’s moving markets today here:
