Stock Movers: Walmart Slumps, Boeing Jumps, Palantir's Losing Streak

Walmart's Profit Miss and Sales Guidance

• 📉 Walmart (WMT) shares are down over 4%, making it the worst performer on the S&P 500 due to a second-quarter profit miss.
• 💰 Adjusted EPS was 68 cents, 6 cents below street estimates, despite the company raising its full-year sales guidance.
• 📈 The CFO noted that consumers are resilient and Walmart is gaining market share, but analysts are concerned about how tariffs will impact margins.

Boeing's Potential Deal with China

• ✈️ Boeing (BA) shares are trading flat after Bloomberg News reported it is nearing a deal with China to sell up to 500 aircraft.
• 🤝 This potential transaction would end a sales drought with China that began in 2017.
• ⚠️ The deal is contingent on trade relations, and any resurgence in facilities could cause it to fall apart.

Palantir's Stock Decline

• 📊 Palantir (PLTR) shares have experienced a six-session losing streak, the longest since April 2024.
• 💸 This decline has resulted in significant profits for short sellers, totaling $1.6 billion according to S3 Partners.
• 📉 If Palantir falls again today, it would mark its longest losing streak since March 2023.