Walmart Slips on Outlook, Blue Owl Tumbles, Alphabet Rises
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Walmart (WMT) shares slipped after it issued an earning forecast that missed estimates. The world's largest retailer forecast less growth in earnings this year than Wall Street was expecting, citing the need for flexibility in unpredictable times for consumers. Walmart’s conservatism reflects the unusual state of the US economy, which is expanding at a solid clip but seeing little employment growth. New Chief Executive Officer John Furner aims to keep gaining market share by keeping prices low and…
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