Key Takeaways
• Walmart’s Worst Day in Four Years: There was a lot going on yesterday with the oil price firming again, bonds and stocks selling off, and the really big news, which was Walmart, whose stock price plunged -9% in the worst drubbing in four years. Comparable sales fell short of expectations, and guidance was soft against forecasts. At +2.6% year-over-year, same-store sales growth last quarter was the weakest in more than six years.
