Going to me on the phone is chuck grom, Gordon Haskett retail analyst. Joining me in new york is Lauren Goodwin, new york life multiasset per folio strategist, and Brooke Sutherland of bloomberg opinion. Give us a rundown of where walmart fell short. Brooke it was not great all the way around. The fourthquarter came in weaker than expected, and they called out unexpected softness in the weeks leading up to christmas, which is not what you want to hear from a major retailer. That is in line with what weve heard from a number of Different Companies that are not named amazon, which raises a lot of interesting questions about what the Competitive Landscape actually looks like. Also weighing on investors is the 2021 fiscal outlook, which was also weaker than expected on sales and profits. Alix the stock rating is heavy here in premarket. The bad news baked in. Is that is why is that why you have a buy rating here . Chuck weve had a buy rating for a while, not just here on the fourthquarter.
Of ubs investment banking. Kaiser of ubs investment bank. Anything stood out to you so far . This is pretty much as expected. The key is to emphasize there is uncertainty, even though we have the emphatic conservative victory in the election, and we know that brexit is going to happen. Theres still uncertainty about what kind of brexit, and short for the bank of england, we dont know what the fiscal policies of this government will be. There is a little bit of stimulus built into their servitors manifesto which was not taken into account in the current bank of england forecast , but they have room to do a great deal more. If you have a budget in the next months from the conservatives which primes the me, has a lot of stem it economy, that has changes the outlook. Those seven who voted against change probably had that in mind. Alix are you trading cable at all . Stuart todays decision is pretty much in line with expectations. I think the view is the first half of the year you get the or
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