How much you would have if you invested ,000 ten years ago

How much you would have if you invested $1,000 ten years ago

About 10 days before Black Friday — one of the most anticipated shopping days for merchandisers — big-box retailer Walmart reported better-than-expected revenue and profits.

And good news for consumers: The company plans to price Thanksgiving staples at 2021 levels.

In the fiscal third quarter, Walmart generated total sales of more than $152 billion, beating the nearly $148 billion expected by Wall Street analysts. The company also reported adjusted earnings per share of $1.50 for the quarter, compared to analyst expectations of $1.32.

Walmart saw its grocery sales grow this quarter as it introduced various offers to attract price-conscious consumers.

“Through our Deals for Days events across the US and a Thanksgiving meal that will cost the same as last year, we are here to help make this an affordable and special time for families around the world” , Walmart CEO Doug McMillon said in a press release.

According to Walmart’s website, shoppers can take advantage of savings on holiday meals through Dec. 26.

In addition to increased grocery sales, Walmart was also boosted by a strong back-to-school shopping season in the U.S. and global sales events in countries like India and China, McMillon said when speaking to investors.

In the second quarter, Walmart’s earnings also beat Wall Street analysts’ expectations as shoppers amid inflationary pressures sought affordable necessities like groceries rather than staples like clothing.

What does that mean for investors?

Walmart shares rose Tuesday after the company announced its earnings.

If you had invested $1,000 in Walmart a year ago, according to CNBC calculations, as of November 15, you would see a slight return on your investment and have about $1,024. These calculations were made after the markets opened and are based on a stock price of $149.

If you had invested $1,000 in Walmart five years ago, your investment would be worth approximately $1,755 as of November 15, according to CNBC calculations.

And if you had invested $1,000 in Walmart a decade ago, according to CNBC calculations, your investment would have more than doubled as of November 15 and would be worth about $2,377 as of November 15.

Walmart is expected to continue to do well over the holiday season as the company’s focus on low prices is expected to continue to attract price-conscious consumers, predicted Deutsche Bank analyst Krisztina Katai ahead of the earnings report.

However, Walmart’s performance could be affected by various factors such as: B. Changes in consumer purchasing behavior or further increases in labor costs, Katai adds.

Investors should always do their homework

With that in mind, it’s always important to remember that a stock’s past performance should not be used as an indicator of how well it will do in the future.

Given the unpredictability of the stock market, a passive investment strategy makes more sense for most investors than investing in individual stocks.

Investing in a market index like the S&P 500 can be a good place to start. Because the S&P 500 tracks the stock performance of large publicly traded US companies, investing in an S&P 500 index fund or exchange-traded fund (ETF) can be a great way to gain exposure to a range of well-known companies.

According to CNBC calculations, the S&P 500 is down about 15% on November 15 compared to 12 months ago. However, the index is up about 55% since 2017 and about 196% since 2012.

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