Cheesecake Factory, Walmart Slip; WayfairSlumps
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Cheesecake Factory (CAKE) shares fell after the restaurant chain’s comp sales during the fourth quarter came in below the average analyst estimate. The results spurred a downgrade at Stephens. - Walmart (WMT) stocks dropped after citing a “hiring recession” and pressures on shoppers as it forecast less growth in earnings this year than Wall Street was expecting. “There’s a whole lot of the year to go in what’s still a pretty fluid, dynamic macro backdrop,” Chief…
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