Trump Reshares False Claim About Walmart Store Closures
Written by Emily J. Thompson, Senior Investment Analyst
Source: stocktwits
- Walmart Store Status: Trump reshared a post on Truth Social claiming Walmart would close 250 stores in California; however, Governor Newsom quickly clarified that all 303 Walmart stores in the state are operational, indicating Trump's statements lack factual support.
- Minimum Wage Controversy: The post cited California's minimum wage as $22 per hour, but AI assistant Grok on X stated the actual minimum wage is $16.90, highlighting misunderstandings and controversies surrounding California's economic policies.
- Market Sentiment Shift: According to Stocktwits data, Walmart's market sentiment shifted from 'bullish' to 'bearish' over the past week, indicating a decline in investor confidence regarding the company's future performance, despite its stock price rising over 18% in the last 12 months.
- Social Media Reactions: Newsom's press office stated on X that Trump's multiple posts contained misinformation, emphasizing that Walmart is not undergoing mass store closures, reflecting the broader issue of misinformation regarding economic and corporate matters on social media.
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Analyst Views on WMT
Wall Street analysts forecast WMT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WMT is 125.75 USD with a low forecast of 119.00 USD and a high forecast of 136.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
25 Buy
1 Hold
0 Sell
Strong Buy
Current: 116.570
Low
119.00
Averages
125.75
High
136.00
Current: 116.570
Low
119.00
Averages
125.75
High
136.00
About WMT
Walmart Inc. is a technology-powered omnichannel retailer. The Company is engaged in the operation of retail and wholesale stores and clubs, as well as eCommerce Websites and mobile applications, located throughout the United States (U.S.), Africa, Canada, Central America, Chile, China, India and Mexico. It operates in three reportable segments: Walmart U.S., Walmart International and Sam's Club U.S. The Walmart U.S. segment includes the Company's mass merchandising concept in the U.S., as well as eCommerce, which includes omni-channel initiatives and certain other business offerings such as advertising services. The Walmart International segment consists of the Company's operations outside of the U.S. through its subsidiaries, as well as eCommerce and omni-channel initiatives. The Sam's Club U.S. segment includes the warehouse membership clubs in the U.S., as well as samsclub.com and omni-channel initiatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Trump Reshares False Claim About Walmart Store Closures
- Walmart Store Status: Trump reshared a post on Truth Social claiming Walmart would close 250 stores in California; however, Governor Newsom quickly clarified that all 303 Walmart stores in the state are operational, indicating Trump's statements lack factual support.
- Minimum Wage Controversy: The post cited California's minimum wage as $22 per hour, but AI assistant Grok on X stated the actual minimum wage is $16.90, highlighting misunderstandings and controversies surrounding California's economic policies.
- Market Sentiment Shift: According to Stocktwits data, Walmart's market sentiment shifted from 'bullish' to 'bearish' over the past week, indicating a decline in investor confidence regarding the company's future performance, despite its stock price rising over 18% in the last 12 months.
- Social Media Reactions: Newsom's press office stated on X that Trump's multiple posts contained misinformation, emphasizing that Walmart is not undergoing mass store closures, reflecting the broader issue of misinformation regarding economic and corporate matters on social media.
Continue Reading