{"id":284,"date":"2009-11-13T09:59:00","date_gmt":"2009-11-13T14:59:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=284"},"modified":"2018-08-21T17:03:14","modified_gmt":"2018-08-21T21:03:14","slug":"has-wal-mart-climbed-over-the-wall-yet","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2009\/11\/13\/has-wal-mart-climbed-over-the-wall-yet\/","title":{"rendered":"Has Wal-Mart climbed over the wall, yet?"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">Happy Friday everyone!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">You may have seen that the financial markets snapped a 6 day winning streak. The cause, of course, was that massive bellwether or consumer spending, <span id=\"SPELLING_ERROR_0\" class=\"blsp-spelling-error\">Wal<\/span>-Mart (ticker: <span id=\"SPELLING_ERROR_1\" class=\"blsp-spelling-error\">WMT<\/span>). While <span id=\"SPELLING_ERROR_2\" class=\"blsp-spelling-error\">WMT<\/span> does not normally provide quarterly earnings guidance (thankfully) the Company said in a <span id=\"SPELLING_ERROR_3\" class=\"blsp-spelling-error\">pre<\/span>-recorded message that it expected its fourth quarter earnings to be between $1.08 and $1.12 per share. Meanwhile, analysts had been expected earnings at the high end of that range. Furthermore, CEO, Eduardo Castro-Wright said &#8220;We recognize that some customers may be more cautious in their holiday spending.&#8221; This was enough to spook the markets and a near 100 point sell off in the <span id=\"SPELLING_ERROR_4\" class=\"blsp-spelling-error\">DJIA<\/span> ensued.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">As the world&#8217;s largest retailer, <span id=\"SPELLING_ERROR_5\" class=\"blsp-spelling-error\">Wal<\/span>-Mart&#8217;s voice is more important than all of the other voices. This especially true because they are <span style=\"text-decoration: underline;\">the<\/span> discount retailer in the midst of a shaky economy. So for <span id=\"SPELLING_ERROR_6\" class=\"blsp-spelling-error\">Wal<\/span>-Mart, and its &#8220;Everyday Low Prices,&#8221; to project earnings lower than were previously expected means that your average consumer is scaling back Holiday purchases. This again is powerful evidence that what really weighs on the American psyche right now is the high unemployment rate. It also means that the U.S. economy has a long way to go until it is on FIRM foundations again.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy Friday everyone! You may have seen that the financial markets snapped a 6 day winning streak. The cause, of course, was that massive bellwether or consumer spending, Wal-Mart (ticker: WMT). While WMT does not normally provide quarterly earnings guidance (thankfully) the Company said in a pre-recorded message that it expected its fourth quarter earnings [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-284","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=284"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/284\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}