5 Trending Stocks on Tuesday

Page 1 of 5

In this article, we discuss the 5 trending stocks on Tuesday. If you want to check out some other trending stocks on the list, go directly to 10 Trending Stocks on Tuesday.

5. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 67

Walmart Inc. (NYSE:WMT) shares jumped more than seven percent this morning after smashing financial expectations for its fiscal third quarter.

The retail giant reported adjusted earnings of $1.50 per share, easily beating estimates of $1.32 per share. Revenue for the quarter rose 8.7 percent versus last year to $152.8 billion, while analysts expected Walmart Inc. (NYSE:WMT) to generate revenue of $147.7 billion. Same-store sales also rose 8.2 percent on a year-over-year basis, topping expectations of 4.3 percent.

Looking forward, Walmart Inc. (NYSE:WMT) improved its operating income guidance for the full year. The company expects its adjusted earnings to drop in the range of 6 – 7 percent versus its previous outlook calling for a decline between 9 – 11 percent.

Follow Walmart Inc. (NYSE:WMT)

Page 1 of 5