From Rogers Media: 2024-05-17 10:18:15

Walmart CEO Rainey comments on American consumers, noting that even low-income consumers are holding up. Walmart is focusing on revenue drivers like Walmart+, but Walmart health clinics are closing. Home Depot’s latest quarter was lackluster due to reduced home renovations post-COVID. GameStop experiences meme stock madness, causing short squeeze on companies betting against it. A meme stock is driven by internet memes, like GameStop, making predictions more speculative than traditional investing metrics. GameStop’s price movement can quickly make or break investors who short sell its stock.



Read more at Rogers Media: Making sense of the markets this week: May 19, 2024