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Walmart Earnings Report Indicates US Consumer Still Strong

publication date: Nov 15, 2019
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Image Shown: Shares of Walmart Inc have performed quite well so far in 2019. That’s arguably due to the ongoing strength of the US consumer and the significant investments Walmart has made into expanding its domestic grocery e-commerce offerings. 

There’s a lot of talk of recession right now, but as Walmart’s latest quarterly results show, the US consumer remains resilient. A combination of historically low unemployment rates and modest wage growth in the US has created a bulwark against exogenous shocks, with an eye towards the economic slowdown currently going on in the Eurozone and East Asia. We’ll see how long this paradigm can last. We aren’t interested in adding Walmart to any of our newsletter portfolios at this time, as shares of WMT already trade near the top end of our fair value estimate range (which sits at $119 per share). Shares of WMT yield 1.8% as of this writing. We continue to like the current holdings in both our Best Ideas Newsletter and Dividend Growth Newsletter portfolios.

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