The DJIA aims higher: Wal-Mart Stores, Inc. (NYSE: WMT) could climb up to the maximum, Caterpillar Inc. (NYSE: CAT) shares rising

Wal-Mart Stores, Inc. (NYSE: WMT) profit rose by 3,6%

In brief: Wal-Mart Stores, Inc. (NYSE: WMT) and Caterpillar Inc. (NYSE: CAT) shares will rise by 1-2% today. The Dow Jones Industrial Average starts trading in the green zone.

The Dow Jones Industrial Average will rise owing to reports by a number of auditing companies. At the same time, Wal-Mart Stores, Inc. (NYSE: WMT) shares are likely to peak. Caterpillar Inc. (NYSE: CAT) is conducting a pre-market trading around 69.38 points, gaining +0.89 (1.30%).

Wal-Mart Stores, the world’s largest retailer, has published data on growth in profits in the second quarter by 3,6% due to an increase in sales in overseas markets offsetting the decrease in U.S. sales. The company also increased its profit forecast for the current year. According to company’s reports, Wal-Mart’s net profit reached $ 3.6 bln., i.e. 97 cents per share, coinciding with the analysts’ expectations. Annual profit may peak to $ 4.05 per share, compared with the previous forecast of $ 4 per share. Overseas sales rose by 7,3%, aided by Wal-Mart expansion in Mexico, China and Brazil. At the same time, the U.S.sales fell by 1.8%.

Anrey Torbinski
2010-08-17 14:02, Economics.

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