What’s Walmart Really Worth, and Is the Revolution in Industrials Over? 8/16/22
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 16 August 2022
⏱️ 44 minutes
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| 0:00.0 | Right now and fast cut chain Walmart and Home Depot triggering a stock revival across |
| 0:06.1 | the retail sector the XRT is surging higher by 4% today and more than 22% in just the |
| 0:11.7 | past month due today's numbers mean the worst case scenario for the economy and consumers |
| 0:16.1 | off the table plus an industrial revolution names like caterpillar deer and the ETF that |
| 0:20.6 | tracks these stocks grinding higher this summer the chartmasters here to tell us if |
| 0:25.4 | now is the time to harvest gains in the space and later wheeling and dealing with the auto |
| 0:29.5 | space shining a light on solar stocks and the wild options action and bedbath and beyond. |
| 0:34.7 | I'm Melissa Lee this is fast money life in the ads like markets like on the desk |
| 0:38.1 | night tim Seymour Courtney Garcia Dan Nathan and Vano and Ison and we start off with a big |
| 0:42.9 | comeback for Walmart shares of the retail giant jumped nearly 5.5% today it's biggest |
| 0:48.3 | gain since September 2020 the move coming after the stock posted better than expected earnings |
| 0:53.5 | and maintain guidance for the back half of the year this stock has now climbed almost 19% |
| 0:58.7 | above its may lows and maybe more interesting it's just 5% away from recouping all its losses |
| 1:04.6 | since that hugely disappointing earnings report three months ago so did today's report |
| 1:08.8 | prove that the worst is behind us and what is Walmart really worth has it gone to a point |
| 1:13.9 | now Tim given where the economy is given where the consumer is where it might be expensive. |
| 1:20.0 | Well I think this is the environment where you're supposed to own Walmart I think this |
| 1:24.0 | is the environment despite the inventory issues and the challenges that they've had that |
| 1:27.6 | they've announced and that we're going to hear about in some more detail with our next |
| 1:30.7 | guest and analyze are things that are not unique to Walmart and they're the most sophisticated |
| 1:36.2 | retail on the world so what do you pay for Walmart 19 times 18 times certainly a above market |
| 1:41.8 | premium and I think you do one of the things that they pointed out which is pretty obvious |
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