Walmart $WMT reported a double beat but got beaten down as a result.
It was a bad day to own the stock.
Our retail analyst, Jeff Macke, wrote a fantastic deep dive about the report. If you haven't seen it already, you can check it out here.
The bottom line? Jeff found the quarter worse for Walmart's peers as they continue to invest heavily in the business. They are crushing competitors like Target.
In addition, the company is the largest private employer in the United States. This adds up to be a massive overhead expense.
With the AI revolution accelerating, they are a huge beneficiary. They're automating all kinds of labor, which is expected to expand margins.
We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.
However, when it comes to this one, it couldn't be any simpler!
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.
Welcome to TheJunior Hall of Famers.
This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.
