Countdown to Walmart Earnings and What’s Next in the Musk/OpenAI Battle? 5/18/26
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 18 May 2026
⏱️ 44 minutes
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| 0:00.0 | Live from the NASAC market site in the heart of New York City's Times Square, this is fast money. |
| 0:06.6 | Here's what's on tap tonight. |
| 0:07.9 | A blockbuster verdict in the Elon Musk open AI case, a jury ruling against the Tesla and SpaceX CEO, |
| 0:14.6 | the ripple effects of its decision coming up. |
| 0:16.9 | Plus, it's not just Nvidia's earnings we're watching this week. |
| 0:19.6 | Walmart headlining a massive week |
| 0:21.2 | for retail results what we can expect the big box stores to say about the consumer the economy |
| 0:25.9 | and more we'll break it down and later is it time to buy bitcoin regener on share sync on some |
| 0:31.4 | disappointing data and did netflix get chilled the streaming giant seeing two of its weakest weeks |
| 0:37.2 | for original content streaming |
| 0:38.8 | the details and what it could mean for the stock. I'm Melissa Lee. Come to you live from studio, |
| 0:42.8 | be at the NASDAQ on the desk tonight. Tim Seymour, Dan Nathan, Guy Adami, and Katie |
| 0:46.9 | Stockton, founder and managing partner at Fair Lead Strategies. We'll get to the latest on the Elon |
| 0:51.9 | Musk Open AI verdict, but we start off with what could be the most important earnings report of the week. |
| 0:58.3 | Huh, which one would that be? |
| 1:00.2 | Walmart, of course. |
| 1:01.3 | Posting Q1 results on Thursday before the bell. |
| 1:03.5 | Analysts expect the retail giant to deliver earnings of 66 cents a share in revenues of nearly $175 billion. |
| 1:10.3 | But the real focus will be on what the |
| 1:12.1 | company has to say about the strength of the consumer. After all, gas prices just about double |
| 1:17.3 | during the quarter as the straight-of-hormuz remains stubbornly shut down. Concerns the Fed will have |
| 1:22.2 | to raise rates rather than cut them, has sent the benchmark 10-year yield above 4.6 percent, and a preliminary reading of consumer sentiment for May came in at its lowest level on record. So what kind of picture can we expect Walmart to paint for the consumer? What could that mean for the overall markets? Guy, what do you say? Not a particularly good one, but I think they went to that. Now, here's somewhat of the problem. Closed bas at an all-time high today, same level we saw a couple months or so ago. Valuation, obviously, a concern. What we've seen in the last couple quarters, at least, is run up into earnings and a sell-off post-earnings, which is what I think you're going to see here. But with all that said, Walmart's the name you want to be in, whether you do it before earnings or after earnings, I still think this is best in breed for a myriad of different reasons. And in my opinion, they deserve the premium valuation. I agree with the premium valuation, but boy, it sure does have it. I mean, it's 48 times trailing. It's 45 times forward. And you're kind of right up. Katie's, I think, got some strong opinions on the chart. So I'll just say that I'm not sure it's going to get away from you on the upside in terms of the valuation and what they can tell you. I think they're going to talk about resilience. I think they're going to talk about their margin. I think they're going to talk about where U.S. comps, same store sales, are going to be very impressive. I think they're going to talk a little bit about their |
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