Wall Street may be taking profits on Walmart's (WMT) better than planned second quarter earnings, but they very easily have reason to quickly return to the stock. 

Here are several positive things gleaned from Walmart's results that could serve as fodder for the bulls. 

Online Sales Crushed It, Again

Walmart's online sales surged 60% in the quarter, following a 63% pop in the first quarter. Bottom line: by offering more stuff on its website (more than 67 million items and counting...) and better linking web operations with stores, Walmart is fighting back hard against ruthless Amazon (AMZN) . This isn't pie in the sky stuff, the data actually supports it. 

While the Rest of Retail Is Dying...

Walmart, and even Target (TGT) , had solid second quarters against a backdrop of death in the mall. Last week, department-store retailers including Macy's Inc. (M) , J.C. Penney Co. Inc. (JCP) and Kohl's Corp. (KSS) released a wave of disappointing earnings reports as the decline of bricks and mortar heightens, as TheStreet's Lindsay Rittenhouse reports. 

Discounters are winning because they sell food, but also as their websites are just getting integrated with stores better. 

The Economy Is Just Fine

Despite everything that is happening out in the political landscape, Walmart's traffic increases at both its U.S. namesake stores and Sam's Club suggest the economy is chugging along. Credit rising wages, especially among Walmart workers. 

Bring on those Sears (SHLD) earnings...

Wondering what else Walmart is up to?

Don't miss these top stories on TheStreet:

More from Stocks

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Google's YouTube in Hot Water Again Over Ads on Inappropriate Content

Google's YouTube in Hot Water Again Over Ads on Inappropriate Content

Should Tesla Nominate a New CEO Not Named Elon Musk?

Should Tesla Nominate a New CEO Not Named Elon Musk?