WMT is running because their online operation is making them look like geniuses for picking up Jet.com for only $3.3 billion last year.
In regular trade the stock was up a penny at $97.48, after-hours off three cents.
Despite the much-reported “Death of Retail,” stock in Walmart has been on something of a little tear over the last year.
In fact, while Amazon has put the biblical “Fear of Bezos” into the rest of the retail sector, WMT has put on about $30 in new weight. The run was been a low-key surprise for many, and as a result Walmart has become the most unlikely thing that Walmart can be; a sexy pick.
The whole affair has also given rise to a fun little parlor game of watching finance types on the coasts misread the potency of Walmart. Bentonville has beaten Wall Street consensus estimates the last four quarters....MORE