Daily Market Update
with JJ Kinahan

5 min read

Spirit Week: Sentiment Turns Positive After Care Package From China, Wal-Mart

(Thursday Market Open) After Wednesday’s plunge, investors needed a little something to lift their spirits. They received two care packages early Thursday, one from China and the other from Wal-Mart.

Solid earnings from the world’s biggest retailer and word that a Chinese delegation is set to visit Washington later this month to talk trade might help fade the Turkey-related fears that sank the market earlier in the week. Stocks rose sharply in pre-market trading as good earnings seem to be overshadowing the Turkish situation at least for the moment.

Double-Digit Jump for WMT Shares

WMT easily beat Wall Street analysts’ earnings estimates and reported a 40% rise in online sales during the most recent quarter. The huge retailer’s results might be another indication of a healthy U.S. consumer, and shares leaped more than 10% before the opening bell.

WMT earned $1.29 a share in Q2, beating estimates by 8 cents, and revenue of $128.03 billion also topped forecasts. U.S. same-store sales rose 4.5%, above forecasts for 2.3%. The company also looked very impressive in raising earnings guidance for the full fiscal year to between $4.90 and $5.05, from previous g

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Daily Market Update

Previous Daily Market Update articles

Turkish Non-Delight: Global Markets Set to Decline on Trade, Economic Woes August 15, 2018 9:25 AM   |  

As earnings season winds down, focus shifts to economic and trade tensions in Turkey and the Pacific Rim.

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Easing Turkey Tensions, Bumper Home Depot Earnings Appear to Boost Market August 14, 2018 9:25 AM   |  

This morning, U.S. stocks appeared poised for gains, based on equities futures trading before the opening bell, as the Turkish currency gained some footing.

5 min read  |  Daily Market Update
Dog Days Over Early? Geopolitics, Retail Results Could Keep Markets Buzzing August 13, 2018 8:00 AM   |  

The new week could have a dual focus as investors closely monitor events abroad even as they watch retail earnings start rolling in at home.

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Defensive Unit On Field: Turkey’s Currency Woes Put Risk Back In Huddle August 10, 2018 9:25 AM   |  

The markets seem cautious Friday amid geopolitical concerns. A 13% decline in the Turkish lira this week and continued trade turbulence with China both appear to weigh on stocks.

5 min read  |  Daily Market Update
What’s the Deal? Investors Could Learn Lesson As Two Mergers Scuttled August 9, 2018 8:25 AM   |  

The failed mergers might be one point of focus Thursday, and investors could also be watching inflation data.

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With S&P 500 Near All-Time High, Market Momentum Appears to Pause on Trade Worries August 8, 2018 4:25 AM   |  

A focus this morning appears to be $16 billion in Chinese goods that will be subject to a 25% U.S. tariff starting later this month.

5 min read  |  Daily Market Update
Market Appears to Have Momentum From Earnings Despite Lingering Trade Talk August 7, 2018 4:25 AM   |  

This morning, investors appear to be focusing on momentum from a generally solid earnings season and letting trade talk simmer on the backburner.

5 min read  |  Daily Market Update
Taking A Pause: Earnings, Data Keep on Rolling, But Hectic Pace Could Ease August 6, 2018 4:25 AM   |  

The coming week might seem quieter after all the data and the Fed meeting of the previous week. But there’s still key inflation data on tap and some important earnings.

5 min read  |  Daily Market Update
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