The market rally had a quiet Thursday, holding near record highs. Walmart and Tesla rival BYD flashed buy signals, joining Nvidia.
Walmart’s earnings top estimates, Deere tumbles after it reduces profit guidance, and Chubb is revealed as Berkshire Hathaway’s mystery stock.
Walmart’s first-quarter earnings were “stronger than we anticipated,” said CEO Doug McMillon on a call with investors Thursday. Consumers’ persistent demand for value helped drive the results, he added, as well as ongoing gains in market share, particularly among higher-income shoppers. The company posted adjusted earnings of 60 cents a share for the quarter, ahead of analysts’ estimates for 53 cents.