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NWQWM Morning Financial Report

Is the COVID pandemic finally coming to an end? It sure looks like it, based on latest guidance from Shopify. After posting 86% revenue growth in 2020 and a 57% surge last year, the e-commerce software provider said its pace of growth won't be as strong in 2022. Shares of Shopify slid 16% on following the cautious update from the company, which dragged down related online retail stocks like Etsy, eBay, Wayfair, and Chewy.

Walmart topped quarterly earnings estimates on Thursday after shoppers turned to the retailer for groceries and gifts over the holidays and said it’s focused on value as some customers grow nervous about inflation. The company said it’s on track to hit its long-term financial targets, which call for adjusted earnings per share growth in the mid single-digits in the new fiscal year. Growth at that pace is above average analyst forecasts. Walmart posted net income of $3.56 billion for the quarter.

When purchasing a new car these days, it may feel a lot like you’re giving your dealership a fat tip.  To that point, 82% are paying above sticker price for new vehicles, according to new research from Edmunds.com. That compares to 2.8% a year ago and 0.3% in early 2020.

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