What I’m looking forward to on July 26, 2022, the club that holds Walmart (WMT) has canceled the apparel yet again, announcing a huge 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. The Club Carrying Amazon (AMZN) is not a good read from Walmart: 55% third party on AMZN, different assortment of merchandise. Club Holdings Costco (COST) is not a good read. Usually no clothes and certainly not heavy inventory. Members only concept. The stock will drop on Tuesday, and it could be a buying opportunity. Walmart is terrible for all Flotsam and jetsam apparel companies: Stitch Fix (SFIX), Gap (GPS), American Eagle Outfitters (AEO), Urban Outfitters (URBN), Kontoor Brands (KT), Rent the Runway (RENT). Revolve (RVLV), a fashion retailer for Millennials and Gen-Z, has been downgraded twice by Bank of America to sell (underperform) from buy. However, analysts such as PVH Corporation (PVH) and Levi Strauss (LEVI). Shopify (SHOP) to lay off 10% of its global workforce. CEO Toby Lutke has written to employees that he believes some of the Covid-19 withdrawals for online sales will remain flat. But he says it didn’t happen. Thirteen of the 33 companies in the Club portfolio reported earnings this week, starting with Alphabet (GOOGL) and Microsoft (MSFT) after the closing bell on Tuesday afternoon. Here’s what Wall Street expects and what we’re looking for. McDonald’s (MCD), like Walmart, is a component of the Dow. The fast-food chain on Tuesday reported adjusted second-quarter earnings of $2.55 per share, versus the expected $2.47. $5.72 billion in lost revenue. US department store sales rose a better-than-expected 3.7% in the first quarter. Cola-Cola (KO) Adjusted EPS in the second quarter outperformed revenue: 70 cents on sales of $11.3 billion. The global unit case size grew by 8%. Guidance: Full-year organic revenue growth to 12% to 13% versus previous growth of 7% to 8%, and free cash flow of approximately $10.5 billion. Headwinds still. Widespread inflation. Slack here in stores. Entertainment business The entertainment industry is on fire. Dow stock 3M (MMM) spinning off its healthcare unit; Placing a $1 billion credit for earplug litigation at its affiliate Aearo Technologies. 3M also reported second-quarter adjusted earnings per share of $2.48 on revenue of $8.7 billion. Both exceed estimates. General Motors (GM) lost second-quarter earnings and revenue: earnings per share of $1.14 on sales of $35.76 billion. Announced in advance, sticking to the projection of the year. The self-driving unit, Cruze, lost $543 million more than expected. GM also says it has secured the battery materials needed to build 1 million electric vehicles a year by 2025. General Electric (GE) is great at aerospace, and it’s okay with healthcare, renewables, and energy. Do you get all of those for free with Air Force? General Electric reported better-than-expected earnings and revenue in the second quarter: adjusted earnings per share of 78 cents on sales of $17.88 billion. The Whirlpool Company (WHR) makes a lot more money than people think. The United States is weak. But here’s the key: They say cost inflation has peaked. Cut full-year EPS guidance to $22 to $24 per share from $24 to $26. Raytheon Technologies (RTX) adjusted EPS by $1.16 versus $1.13 expected; Sales lagged at $16.31 billion versus $16.66 billion. large accumulation. Pratt & Whitney robust unit. United Parcel Service (UPS): Adjusted second-quarter earnings per share of $3.29 versus $3.16 forecast. Revenue was $24.77 billion versus the $24.65 billion forecast. everything is OK. Paramount Global (PARA), formerly ViacomCBS, lowered its dual buy-to-sell rating on Goldman Sachs. Goldman Sachs Club lowers Disney (DIS) price target to $130 per share from $148; The advertising market is weak but not as bad as people think. (Jim Cramer’s Charitable Trust is WMT, AMZN, COST, GOOGL, MSFT, DIS. See here for a full list of stocks.) As a subscriber to the CNBC Investment Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable fund portfolio. 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Customers outside a Walmart store in Torrance, California, U.S., on Sunday, May 15, 2022. Walmart is due to release earnings numbers on May 17.
Bing Guan | Bloomberg | Getty Images
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.
