Costco's earnings are a key read on the financial health of higher income shoppers this holiday season.
Big-box retailer Walmart (NYSE: WMT) reported earnings last month and it beat expectations. Walmart is looking like a resilient business to invest in even with concerns of a recession looming. While it is true that Walmart beat expectations in the third quarter (ended Oct. 31), that's based on adjusted earnings calculations.
Does Walmart (WMT) have what it takes to be a top stock pick for momentum investors? Let's find out.