The U.S. dollar is hovering near 14-year highs in the wake of the Fed's latest interest rate increase and expectations for tax cuts and other stimulus measures under a Trump administration. While Americans traveling overseas this holiday season are getting more bang for their buck, one corporate giant isn't too happy. Walmart's (WMT) - Get Report outsized international exposure stands to wreak havoc on its bottom line during the fourth quarter and into the early part of 2017. The extent of the damage in the fourth quarter could come as a surprise to many on Wall Street as Walmart's full earnings guidance of $4.20 to $4.35 a share assumed no change in currency rates when it was issued in mid-November.
This article was written by a staff member of TheStreet.