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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot
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From: rimshot7/25/2022 4:23:35 PM
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Walmart news release after Monday's July 25 Market close - * WALMART LOWERS PROFIT OUTLOOK FOR 2Q AND 2023

123.xx now printing vs. 132.02 today's day session close

* lowers profit outlook, says food inflation is "affecting customers’ ability to spend
on general merchandise categories and requiring more markdowns to move
through the inventory, particularly apparel." - WMT is down 6% after-market.

- Walmart Lowers Profit Outlook For Q2 And FY23
- Walmart Sees Q2 Net Sales Growth 7.5%, FY Sales Growth 4.5%
- Expects A $1.8 Billion Headwind In The Second Half Of The Year
- Increasing Levels Of Food And Fuel Inflation Are Affecting Spending
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