Social Data Nailed Walmart Earnings
Last week we gave a preview of Walmart earnings on the TD Ameritrade Network:
Here is the primary chart we shared, using LikeFolio’s consumer purchase intent data:
As you can see, social data was telling us that Walmart was experiencing a surge in online shopping orders.
Which is why Walmart was one of our top picks on last week’s Sunday Earnings Sheet.
Confirmation via BLOWOUT earnings
Today, Walmart announced blowout earnings, specifically calling out the growth in its online shopping segment.
Walmart stock is up nearly 4% on the news, having broken back through $100/share.
Social data for the win, again.