Walmart exceeded expectations in its second quarter, reporting strong earnings and sales growth. The company also raised its full-year guidance, boosting investor confidence. Shares surged over 6% on the news, defying concerns about a potential economic slowdown.
Costco Wholesale Corporation (COST) stock is seeing gains on Thursday, alongside other retail stocks, following robust earnings from Walmart (WMT). Walmart’s strong results have boosted investor confidence in the retail sector, pushing Costco’s stock price above its 50-day moving average. Analysts are also optimistic about Costco’s future, with several issuing price target increases.
