The premium valuation in retailer Walmart (WMT) potentially came to an end. WMT stock lost momentum throughout Thursday, the day it posted results.
In the last quarter, Walmart reported a 4.6% increase in comparable sales. Transactions increased by 2.6%. Digital transactions helped lift its sales momentum. International sales performed better, growing by 11.5% Y/Y to $35.9 billion.
Investors should watch out for Target (TGT), Costco (COST), and Dollar General (DG). Shares might pull back if WMT stock declines.
Hims & Hers (HIMS) continued to reward short sellers who hold a 37.11% short float. The firm announced it would acquire Eucalyptus, a digital health provider. Doubt on HIMS stock is high. Despite removing its obesity drug, which copied Novo Nordisk’s (NVO) product, bears are not backing down on their bet against the firm.
Ebay (EBAY) traded above $86 in post-earnings action and closed at $84.75 on Thursday. The retailer benefited from the eBay Live holiday shopping events. Additionally, AI initiatives helped the company beat expectations.
eBay announced that it would buy Depop from Etsy (ETSY). It is paying $1.2 billion in cash. That should increase eBay’s addressable market in the Gen Z and Millennial generations.
In the online retail market, consider Coupang (CPNG), JDj (JD), and Sea Ltd. (SE).
