“It looks like that the big guys won.” Large U.S. retailers benefited from coronavirus restrictions, while “so many other companies, little companies, medium, small, just couldn’t compete,” MadMoneyOnCNBC's JimCramer says.
, notching a 7.1% increase in revenue although profit fell, weighed down by coronavirus-related expenses. Its stock was down nearly 2% on Tuesday.
"I mean, Home Depot literally had to keep traffic back. Costco is doing the same thing. They had to hold back traffic because they were trying to do it safely," said Cramer, who complimented Walmart's preparedness and response to the pandemic. He specifically praised Walmart CEO"These are great American companies that are on fire," Cramer added.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stocks surge on coronavirus vaccine hopes – Cramer and four others weigh inStocks popped on promising news about Moderna's potential vaccine for Covid-19. Five experts break down what comes next.
Lire la suite »
Stock market live updates: Futures flat after big Monday rally, Home Depot falls, Walmart risesA conversation about the latest market-moving news, including earnings from Walmart and Home Depot.
Lire la suite »
US stocks trade mixed as traders weigh earnings from major retailers | Markets InsiderUS stock indexes traded mixed on Tuesday as investors weighed earnings report from retail giants like Walmart and Home Depot. Oil continued to r...
Lire la suite »
Home Depot sales jump 7% but higher coronavirus-related costs drag down earningsHome Depot has had a few advantages going into the pandemic compared to other retailers.
Lire la suite »
Home Depot's stock falls after profit misses, while revenue and same-store sales beatShares of Home Depot Inc. undefined fell 2.5% in premarket trading Tuesday, after the home improvement retailer reported a fiscal first-quarter profit that...
Lire la suite »
Walmart surges after earnings report shows ecommerce nearly doubled - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Lire la suite »