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Hawkeye here
Member since Jul 2022
194 posts

Walmart lowers profit outlook for Q2, 2023. Down 10 percent after hours.

They are citing inflation and gas prices.

Also sounds like they overstocked due to supply chain concerns.

Sounds like there are some sweet deals coming at Wally World on big screen tv's etc.
This post was edited on 7/25 at 4:39 pm


slackster
Stanford Fan
Houston
Member since Mar 2009
78000 posts

Don’t understand the P/E and forward P/E being relatively rich for a company that is ultimately still just a retailer.


wutangfinancial
LSU Fan
Treasure Valley
Member since Sep 2015
9424 posts

Because the people buying shares don’t care about P/E nor do they use DCFs when they are investing.


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41
slackster
Stanford Fan
Houston
Member since Mar 2009
78000 posts

Supposedly a massive option trade in the last hour of trading on WMT suggests someone was tipped off about the pre-announcement.


Hawkeye here
Member since Jul 2022
194 posts

quote:

Supposedly a massive option trade in the last hour of trading on WMT suggests someone was tipped off about the pre-announcement.


My money is on Mr. Pelosi


FLObserver
LSU Fan
Jacksonville
Member since Nov 2005
11991 posts

quote:

Supposedly a massive option trade in the last hour of trading on WMT suggests someone was tipped off about the pre-announcement.


Most be nice to be rich. I was close to breaking even on WMT and now this.
Did pick up more shares of Wire before close today. I guess that's my positive
This post was edited on 7/25 at 4:34 pm


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20
BottomlandBrew
LSU Fan
Member since Aug 2010
25127 posts
 Online 

quote:

They are citing inflation and gas prices.

Also sounds like they overstocked due to supply chain concerns.


It's somewhat comforting that the big guys have the same problem as my small business. It doesn't help, but at least it makes me feel a little better.


Hawkeye here
Member since Jul 2022
194 posts

Down 10 percent after hours.

Huge move for a company like Walmart.

Taking Target & the others down as well.


j1897
Arkansas Fan
Member since Nov 2011
2631 posts
 Online 

Yea retail getting clobbered after hours. Luckily there's no volume, so we'll see in the morning, i would hope the whole sector tapers some of those losses.


slackster
Stanford Fan
Houston
Member since Mar 2009
78000 posts

13,000 July 29 $130 put options. $900k in premium.


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slackster
Stanford Fan
Houston
Member since Mar 2009
78000 posts

quote:

Luckily there's no volume, so we'll see in the morning,


WMT after hours volume is already 80% or what it was during the day today. The rest of retail sympathy plays might be light though.


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20
slackster
Stanford Fan
Houston
Member since Mar 2009
78000 posts

quote:

Hawkeye here


Just realized you started this account 7/14 and already have a couple threads on the PT and Money Talk. Any relation to your fellow Big Ten Buckeye alters?


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71
wutangfinancial
LSU Fan
Treasure Valley
Member since Sep 2015
9424 posts

quote:

13,000 July 29 $130 put options. $900k in premium.



It is almost guaranteed that is for delta hedging a profitable position or an absolute clown guessing on the direction of ER on the false premise that an earnings miss means stock price down.


slackster
Stanford Fan
Houston
Member since Mar 2009
78000 posts

quote:

It is almost guaranteed that is for delta hedging a profitable position or an absolute clown guessing on the direction of ER on the false premise that an earnings miss means stock price down.


The release this afternoon was a pre-release update of guidance. Came out of nowhere since earnings are scheduled for 8/16.


wutangfinancial
LSU Fan
Treasure Valley
Member since Sep 2015
9424 posts

How many put buys are on the tape of that size every day? It’s highly improbable that they had inside information and acted on it. That trade might not even be profitable by tomorrow AM.


slackster
Stanford Fan
Houston
Member since Mar 2009
78000 posts

I’m just repeating what was said by the CNBC crew on Fast Money. They said it raised some serious eyebrows basically.
This post was edited on 7/25 at 5:37 pm


SloaneRanger
LSU Fan
Upper Hurstville
Member since Jan 2014
3461 posts
 Online 

Sounds like the canary they brought into the mine just died.


Mr.Perfect
LSU Fan
Louisiana
Member since Mar 2013
17373 posts

I’ve been long WMT for years and will keep adding but I am starting to worry that they aren’t getting customers away from Amazon like they could. They also need to get into the streaming game somehow


rocksteady
Member since Sep 2013
708 posts

You want Walmart to compete with Amazon by streaming ?

frick it. Let’s do it. Walmart originals
This post was edited on 7/25 at 6:10 pm


I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
36923 posts

quote:

Down 10 percent after hours.


Game time! August is going to be bloody.


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