The Messiahs Of Momentum, Shopify And Walmart Earnings Preview

Walmart (WMT) is also likely to report another excellent quarter Thursday afternoon. In the previous quarter ended October 31, 2020, Walmart US Comps excluding fuel were +6.4% resulting in a 16% increase in Diluted EPS. While WMT has lost some favor the last couple months as investors sell consumer stapes to buy higher beta, tech names, the valuation is still expensive at 26x TTM Diluted EPS. Obviously, WMT is much cheaper than SHOP and I’d buy it if I had to choose one but it’s not by any means cheap on an absolute basis.

 

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