Walmart Fashion

By Hoda Mehr Thu, May 28, 2020

Hey Scoopers,

The stock market is celebrating the reopening of the economy. — More on that in the “Overall Market” section.

Beyond the overall market, investors are buying retailers’ stocks while selling their IT infrastructure shares to lock their gains. — More on that in the “What’s Up?” and “What’s Down?” sections.

Oh, by the way, did you know Walmart Fashion is a thing? — More on that in the “Water Cooler” section.

But, first, here is a recap of what happened in the market yesterday:

Market Recap

• U.S. markets: All three indices ended Wednesday higher than where they started it. Scroll down to the “Overall Market” section to read more.
• Cryptocurrency: Bitcoin’s price surged above the $9,000 mark as traders are expecting more volatility on the horizon.

Urgent: To Any American Who Owns A Cell Phone

If you own a cell phone, then mobile service providers hope you never get to see this video going viral.

It was shot in downtown Denver by a multi-millionaire, who exposed sensitive truths about cell phones and 5G.

His experiment will strike a bad chord with cell phone companies, I know. But you’ve got to see what this man “leaked,” and what it means for phone users in the weeks ahead.

Click here to see this developing story

Confident Consumers Are Back.

The Conference Board reported that consumer confidence rose in May. It seems that investors are not the only ones excited about the future, and consumers have joined them in celebrating the reopening of the economy. However, there was a dark spot in the Conference Board’s report of the latest economic indicators. While the consumer confidence index was up by 0.9 pts, the CEO’s confidence was down by – 9.0 pts. However, investors have decided to go with the consumers, and ignore the CEOs. At least, for now.

Retail Reopening Continues

So, what happened?

Shares of Foot Locker Companies (Ticker: FL) were up 4% on Wednesday. The stock price jump represents the overall market’s excitement about the reopening of the economy. Moreover, in the recent quarterly earnings report, Foot Locker discussed a significant jump in its online operations, and that has investors excited that the company maintains its relevance with the consumers’ desire to buy things online.

Most Americans locked out – until now

Many people, maybe yourself included, believe that the American dream is dead and gone, with no chance of revival.

They will try and tell you that there are no jobs available, that there are no opportunities to make something of yourself anymore. “It’s impossible to become a self-made millionaire nowadays,” you’ll hear them say.

But that could not be further from the truth-

Shark Tank’s Robert Herjavec and I are here to explain why.

It Just Has To Work

So, what happened?

Shares of Datadog (Ticker: DDOG) were down nearly 6% on Wednesday. The company’s product allows developers to monitor IT operations and performance. In this day and age of the transition to digital, monitoring the IT infrastructure is a big challenge every company has to deal with. If a decade ago, you couldn’t run your business without a website, now you can’t do so without an IT infrastructure that just works.

The price decline seems to be in response to investors locking their gain after the earnings-fueled stock price. Earlier this month, the company announced its latest quarterly earnings report. The revenue grew 87% in the first quarter. Despite being a recent IPO, the company generates free cash flow, which means it has found a sustainable business model. Additionally, the company has no debt and enough assets to keep investing in its future. While the stock is priced at more than 42 times its earnings per share, it’s not a surprise to see the excitement considering the company’s recent success.

Walmart Fashion

So what happened here?

Walmart wants to be a fashion destination, says Denise Incandela, head of fashion for Walmart’s. The company just gave a nod of approval to its aspirations of becoming a fashion destination and partnered up with ThredUp to resell secondhand clothing.

We have to confess, though. When we hear Walmart Fashion, trendy luxury apparel is the last thing that comes to our mind.

What comes to your mind when you hear Walmart Fashion? Send us your thoughts. We read all of our emails. Our email address is members@tradestocks.com.

About the Author

The authors of this Scoop are the editorial team at Stock Card, led by Hoda Mehr. Hoda Mehr is CEO and Co-founder of Stock Card and the host of Renegade Investors podcast. She runs a community of 40,000 stock market investors and manages Stock Card's successful flagship portfolio, Roll with Our CEO, on Stock Card Portfolio Store. Hoda is an Economist with an MBA from Concordia, John Molson School of Business. She applies behavioral economics, data journalism, and storytelling to all aspects of her work. Before starting Stock Card, Hoda worked as a strategy and insights lead at technology companies including Symantec, Aimia and Sony. Create a free account to do your stock market research easily and mistake-free: Stock Card Stock Card