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Free Lunch: Walmart's Digital Growth, Cryptocurrency & Blockchain Stocks (Revised)

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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the latest quarterly earnings report from Walmart (WMT - Free Report) and focuses on the retail behemoth’s latest digital growth. Later in the show, Ryan talks to Zacks Strategist Dave Bartosiak about investing in cryptocurrency proxy stocks and blockchain innovators.

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Free Lunch is a brand new show from Zacks Investment Research. It will be streamed live, four times per week, and will feature breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.

First up, Ryan highlights Walmart’s just-released earnings report. The retailer posted adjusted profits of $1.14 per share, beating the Zacks Consensus Estimate of $1.12 and surging 14% year over year. Investors should also note that the company expects its 77% stake in Indian e-commerce giant Flipkart to impact next quarter's earnings, so long as the deal closes by then. 

Still, revenue was nearly 4.5% higher, and U.S. comps improved more than 2%. Walmart also notched domestic digital sales growth of 33%. Make sure to check out the show to see everything else you need to know from this marquee report!

On the second half of the show, Ryan is joined by Dave Bartosiak, who runs the Zacks Blockchain Innovators service, to discuss adding exposure to cryptocurrencies and blockchain technology to the average portfolio (also read: 5 Surprising Ways to Profit from Cryptocurrencies).

Looking beyond crypto proxy stocks like Riot Blockchain (RIOT - Free Report) and Longfin , Ryan and Dave talk about buying the “picks and axes” like AMD (AMD - Free Report) , as well as cloud computing giants like Microsoft (MSFT - Free Report) and Amazon (AMZN - Free Report) .

Tune in to hear more from Ryan and Dave!

(NOTE: We are reissuing this article to correct a mistake. The original version, released earlier today, Thursday, May 17, 2018, should no longer be relied upon. The previous version of this article, as well as the embedded video, inaccurately stated that the charge related to Flipkart took effect this quarter.)

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