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I present to you big box retailer Best Buy (symbol BBY) which has broken its lifetime trendline. It could take a while, but, long-term, this could be heading much lower, which would be the logical outcome of a worsening economy and rising tariff-driven product prices.
Walmart IPO’d in 1974. Then a recent college grad and not yet an investor in the markets, I paid it no mind. Anyone who did invest then has done remarkably well with extraordinary gains.
It bears paying attention to the stock now. During their earnings report on February 20, the company noted that earnings for 2025 would be below expectations. This warning comes on the heels of the threat of tariffs being placed on China imports, which imports constitute a large number of Walmart’s products.
Here are monthly charts of WMT: the first chart showing its entire history; the second chart showing recent price movement.
(more…)I’m pretty much just speechless. WMT has gone up almost every single day for over a year, doubling in just twelve months, and this seller of crackers, toilet paper, and laundry bleach is sporting a P/E ratio of 42.
Down 72%, and during a STRONG economy.
