Here Is Why Walmart Is Well Positioned for a Strong Holiday Shopping Season

Walmart reported mixed quarterly results Wednesday but the retail giant is well positioned for a strong holiday shopping season.
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Walmart (WMT) - Get Report reported mixed quarterly results Wednesday but the retail giant is well positioned for a strong holiday shopping season, according to Christine Short, sr. vice president of Estimize. The retailer raised the lower end of its full-year earnings guidance range and is set to reap additional benefits from its recent acquisition of Jet.com, which Short says will help bring in the younger, millennial consumer. Short says Walmart should keep an eye on Target (TGT) - Get Report , which reported better-than-expected earnings on Wednesday. TheStreet's Scott Gamm reports from Wall Street.