Stock

Where to buy the Walmart stock dip: it’s battling high costs and supply chain hitches

The Walmart stock has sharply declined since Monday 16. It has shed over -18.05 (-12.08%) over the past five days.

The current Walmart (WMT) stock drop is highly attributed to Walmart missing earning expectations in the fiscal first quarter following the high fuel costs that are piling pressure on retailers and the higher inventory levels.

Walmart however raised its sales outlook on Tuesday despite lowering its profit expectations; something that projects hope for investors.

To help stock investors interested in investing in Walmart, Invezz has created a brief article on where to buy it, especially at the current price drop.

To find out more, please continue reading.

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What is Walmart stock?

Walmart stock is the stock of Walmart Inc. shares and it is listed on the New York Stock Exchange under the symbol NYSE: WMT.

Walmart Inc. is an American multinational retailer that operates a chain of hypermarkets, discount department stores, and grocery stores around the world. It is headquartered in Bentonville, Arkansas.

Walmart operates businesses in the United States, Canada, Central America, China, Africa, Chile, India, and Mexico.  

Should I buy the WMT stock today?

If you want to invest in a multinational retail company, then Walmart (WMT) stock could be a good choice, especially following its price drop.

However, it is important to note that the stock has been on a sharp decline since Monday following its poor Q1 reports and it could take time for it to go back to green.

Walmart stock price prediction

Upon Walmart raising its sales outlook, analysts expect the stock to register a significant rise over the next one month and probably get back above $140 by the end of the month.

$WMT stock social media coverage

Walmart fell the most in two years after cutting its profit outlook due to inflationary pressures, especially in food and fuel https://t.co/D3pAPjbl0i

— Bloomberg Markets (@markets) May 17, 2022

Walmart said sales increased in the most recent quarter, but higher product, supply-chain and employee costs ate into profits, sending the retailer’s stock sharply lower Tuesday https://t.co/KGFQVb4TbS

— The Wall Street Journal (@WSJ) May 18, 2022

The post Where to buy the Walmart stock dip: it’s battling high costs and supply chain hitches appeared first on Invezz.

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