The poor earnings reports from Walmart Inc (NYSE:WMT) and Target Corporation (NYSE:TGT) were shocking, Ryan Craver, founder of Commerce Canal, told Benzinga’s PreMarket Prep show Friday morning.
"The key reason why I think Walmart and Target shocked me so much was because their inventory increased year-over-year, not the EPS, not sales numbers, not the fact that digital slowed. What shocked me was their inability to slow [purchase orders] as the supply chain opened back up," Craver said.
