Holy Moly
By Jim Bauer
@porwest (78759)
United States
February 20, 2024 9:54am CST
First, last week there was a stellar earnings report from Texas Roadhouse that allowed me to cash in on a 34% return on my investment, a stock which I sold my entire position of.
It hasn't really done much today, so I think it gained what it was going to gain from the rally.
Now Walmart has reported stellar earnings as well as they announced before the bell this morning, most of their gains generated from the e-commerce side of their business. The stock rallied $6.85 per share or 4.02% as of this writing. Their 3 for 1 stock split comes next week. Plus, they announced they are buying Vizio for $2.3 billion.
I won't be selling any shares, though. Walmart is a large holding for me and also happens to be a long-term investment. But it's nice to at least see a nice boost on paper.
Who's next, I wonder? This could get fun.
9 people like this
6 responses
@kaylachan (57839)
• Daytona Beach, Florida
20 Feb
Walmart seems to be good to hold onto then. wonderful.
1 person likes this
@porwest (78759)
• United States
20 Feb
I hate to put Walmart in such terms, but it is literally a cash cow. The dividend is not all that much to write home about at just $2.28 per share annually, paid out at 57 cents per quarter. But the company just almost literally prints money. I'm in it for the long haul.
In a year after the split I would not be shocked see Walmart's share price inching back to the 100s.
1 person likes this
@kaylachan (57839)
• Daytona Beach, Florida
20 Feb
@porwest That's kind of the people George and I are. We think of things on a long term scale.
1 person likes this
@porwest (78759)
• United States
20 Feb
@kaylachan Some things are short-term in nature. Such as Texas Roadhouse. I only intended to be in the stock for a short period of time. Take my money and run. lol
1 person likes this
@marguicha (215558)
• Chile
20 Feb
When I was young we lost everything we had in our country´s recession. My husband found a job elsewhere and left me to take care of what we had left. He introduced me to a person he knew that worked on investments. But very soon I discovered that he treated me (and our money) in a different way when I was alone because I was a woman. So I got all my money back and went to the Chamber of Commerce. I met there a very nice man who explained to me everything about investments. In about 2 years I had all our lost money back.
1 person likes this
@Marilynda1225 (79804)
• United States
20 Feb
My dad loved the stock market and made some nice money in his lifetime. Glad you did well with Texas Roadhouse and all that's going on with Walmart sounds promising.
@2ndchances24 (4879)
• Cloverdale, Indiana
24 Feb
Being I don't really understand all that, I guess
it sounds good to those that do understand it all.
1 person likes this
@porwest (78759)
• United States
24 Feb
Believe me, I am quite aware of the fact that many people do not understand this. It is no mystery when people say, "the rich get richer and the poor get poorer" why that is true. It's clear as a bell why that is true. lol
People who want money in this world don't wonder about it. They learn how to get it. 
If they don't? They stay poor. It's that simple.
I find most people only SAY they want more money. They don't actually want to do what's necessary to actually HAVE more money. It is what it is.
If they don't? They stay poor. It's that simple.
I find most people only SAY they want more money. They don't actually want to do what's necessary to actually HAVE more money. It is what it is.