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$WMT provided its strategic outlook and growth plans for its future at its 22 annual meeting. The retail giant has cut its net sales growth expectation for FY16 due to currency headwinds. It now expects net sales growth to be relatively flat with FY15, down from Feb's forecast of 1-2%. Over the next 3 years, it expects 3-4% sales growth annually.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."