Wal-Mart Beats, Target Raises Estimates, Stocks Spike

Looks like we’re off to the races once again today.

Wal-Mart (WMT) solidly beat monthly same-store sales estimates, growing 5%, compared to estimates of around 2%.

Target (TGT) met estimates, but it also said that its next quarterly earnings report would come in well ahead of estimates.

Both stocks are up over 4% pre-market.

Meanwhile, new jobless claims is dipping, so it’s another good morning for the Larry Kudlow-mustard seed-green shoots crowd.

The Dow is up over 80 points pre-market.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.