Wal-Mart Shares: Another Everyday Low Price

If things keep up like this, Wal-Mart’s (NYSE:WMT) motto of everyday low prices is going to apply to its share price, too. The giant US retailer’s stock fell 5.5% after the company announced a quarterly profit below its expectations.

The whole housing-consumer nexus of the American economy was down, with Home Depot (NYSE:HD) (the Bunnings of the US), homebuilder Pulte, and mortgage lender Countrywide all down. The S&P lost 1.8% for the day and is down to a 0.6% gain for the year.

By the way, we took a peek in a local Wal-Mart on our recent trip back to the States. Boy, prices really were cheap. You could buy six t- shirts (made in China) for less than US$10. The asbestos lining makes you fire proof, even if it is a little itchy.

Dan Denning
Markets and Money

Dan Denning
Dan Denning examines the geopolitical and economic events that can affect your investments domestically. He raises the questions you need to answer, in order to survive financially in these turbulent times.

Leave a Reply

Be the First to Comment!

Notify of
Letters will be edited for clarity, punctuation, spelling and length. Abusive or off-topic comments will not be posted. We will not post all comments.
If you would prefer to email the editor, you can do so by sending an email to letters@marketsandmoney.com.au