Hurricane season kicked off in a hurry this year with Hurricane Dennis causing a stink in the Florida panhandle over the weekend. Some retailers tend to thrive when intense storms come barreling ashore. No one is surprised when hardware superstores like Home Depot
Well, on Saturday Wal-Mart
Coming in at the high end of its range would trump even June's heady showing. It would also vindicate investors who have seen Wal-Mart's earnings double over the past five years while the stock has remained mostly stagnant.
The fact that Wal-Mart is selling a ton of batteries and canned foods in the Southeast in preparation for what seems to be a wicked hurricane season is just gravy at this point. The company is performing well and it won't be long before that is reflected in the stock.
Other discounters like Target
Wal-Mart is working on a different kind of hurricane these days. But investors may be surprised at the calm within the eye of the storm.
Batten down the hatches for related Foolishness:
- See what it takes to predict the next Wal-Mart.
- Predicting the original Wal-Mart would have been even better.
- Maybe this will be Wal-Mart's summer of love.
Longtime Fool contributor Rick Munarriz lives in Florida, so he knows the drill when it comes to preparing for major storms. He does not own shares in any companies mentioned in this story. The Fool has a disclosure policy. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.