Shares of Walmart [NYSE: WMT] are trading higher this morning following the Q3 earnings results. The company reported EPS $1.03, adjusted EPS $0.99 vs $0.98 estimate. Sales were $116.8B Vs estimated $117.79B. No big deal, they had over one hundred billion dollars in sales last quarter, lol.
Anyhow, after attending day 1 of Jeff’s online Investor Conference last night, I wanted to take a longer term look at Walmart. 2015 has been brutal for Walmart shareholders and ‘retail is dead’ is the new war cry of bears. However, when you zoom out to the weekly chart, we are finally coming back and checking the 12-year consolidation that took place. I like the idea of tucking some WMT shares into the investment portfolio this week and just ignoring them:
the dividend appears to be “safe” at this time with Walmart. At least for another quarter. lol