Diamonds and Dogs

11/19/24

Walmart (WMT) higher on earnings. Walmart beat by 5 cents as sales rose 5.5% to $169.59 billion. Guidance for 2025 was inline, however, Walmart did warn that tariffs could mean higher prices down the road, but the retailing giant would do whatever they could to keep prices low for consumers.

Lowes (LOW) falling 4% even as earnings beat by 7 cents, but sales fell 1.5% to $20.17 billion. Earnings guidance was inline to a little better, but sales guidance was short of expectations. Lowes expects nagging inflation and high interest rates to squeeze consumers and limit home improvement projects going forward.

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