Soaring Highs for Wal-Mart Stores, Inc.

Something exciting happened this past week.

Incase you missed it, Walmart’s stock jumped approximately 10% to $ 99.6 US per share on November 16, 2017. According to online sources, this jump was most accurately connected to Walmart’s third-quarter press release which showed how the company has performed from August to November.

Wal-Mart Stores, Inc. employs approximately 2.3 million people across the globe through Walmart US, Walmart International and Sam’s Club. The company has certainly grown from its humble beginnings in Arkansas under the entrepreneurial direction of Sam Walton. Today, Wal-Mart Stores, Inc. earns well-over $400 billion USD in revenue annually through their stores and online platforms.

According to the company’s third-quarter annual report, the company earned over $100 billion USD over the course of three months. Compared to last year, this is a performance improvement of approximately 4.2%.

Should investors buy stocks in Wal-Mart Stores, Inc? Well, the traditional advice is to buy low and sell high. Is Wal-Mart at a ‘high price’? Probably, given that the recent 10% climb has brought Walmart to its highest stock price ever. However, the dollar-cost-averaging approach would encourage investors to buy the stock anyways, even though it is likely to correct. The company is probably a sound investment because it earns hundreds of billions of dollars each year and has increased its dividend payout each year since 2012.

Thanks for reading & happy investing,

Your team at CanadianDough.

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The Drive Behind Nike’s 11% Gain Overnight

It came as a pleasant surprise when I saw on my iPhone that Nike’s shares have jumped up 11% today. All of the companies that I track don’t move up or down more than 1% on a typical day.

Of course I was curious about what lead to the 11% climb. A quick Google search shows that Nike recently published its 2017 full year result earnings. It must have been a good report.

According to Nike’s investor relations, Nike earned revenues totalling $34.35 billion USD, which is 6% higher than what it earned throughout 2016. To save the confusion, Nike’s financial year ran from June 1 2016 to May 31 2017. After deducting all of the company’s expenses and taxes, Nike was able to retain $4.2 billion USD, which is 13% higher than last year’s performance.

Is it a good time to buy Nike stocks? Who knows, maybe the stock will continue to climb, or maybe it won’t. Hopefully the first quarter of the 2018 financial year will start off on the right foot.

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