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What I’m looking forward to on July 26, 2022
The club that holds Walmart (WMT) is canceling the apparel again, announcing a massive earnings warning after the closing bell on Monday. You should ask does Walmart have a handle on things? A long trusting name, is it time to let go of these guys? What is the real culprit? Do you spend a lot of money on food and gasoline? Or is it economic because American Express (AXP) is on the rise. Or is he traveling because crossing the border and AMEX is on top? Is it a change of style as people spend less on clothes? Were they dressed two years ago? Do they buy online? All of these questions are ready to be grabbed especially because clothes in malls are doing poorly too.