Retail

Analyst says another big-box retailer looks better

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Walmart, one of the biggest retailers in the world, is set to report earnings on Tuesday. The mega chain has been able to navigate the pandemic with curbside pickup and its investments in the online shopping experience.

Shares have not performed well this year, though. The stock is down more than 3%, trailing the S&P 500‘s 11% gain and bottoming out as one of the worst Dow performers in 2021.

Ari Wald, head of technical analysis at Oppenheimer, sees Costco as the better big-box bet over Walmart.

“We don’t really have a very strong view on how Walmart’s going to react to a fundamental catalyst in terms of earnings, but where our conviction does lie is that we do expect it to underperform…



Source cnbc.com

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