Wal-Mart's most recent trend suggests a bullish bias. One trading opportunity on Wal-Mart is a Bull Put Spread using a strike $118.00 short put and a strike $113.00 long put offers a potential 13.9% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $118.00 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock dropped below the $113.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Wal-Mart is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Wal-Mart is bullish.
The RSI indicator is at 43.82 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Wal-Mart
Buy Costco (COST) Stock Ahead of Q1 Earnings?
Tue, 10 Dec 2019 21:33:09 +0000
Costco (COST) is set to report its first quarter of fiscal 2020 after the market closes on Thursday, December 12.
National Beverage results indicate Nielsen tracking is missing a lot of LaCroix sales
Tue, 10 Dec 2019 20:04:00 +0000
National Beverage Corp. results indicate that Nielsen tracking isn't accurately capturing LaCroix sales, UBS wrote in a note. "Management commentary following the results indicated that Nielsen is becoming a less accurate measure of brand health due to extrapolation algorithms for select retailers," UBS wrote in a note, with areas like Walmart Inc.'s e-commerce site and direct-to-business channels not included in the tally. Still, National Beverage reported a decline in second-quarter results last Thursday. Net income of $32.7 million, or 70 cents per share, was down from $41.1 million, or 88 cents per share, last year. And sales of $251.6 million were down from $260.7 million in 2018. The FactSet consensus was for EPS of 68 cents and sales of $249.0 million. The company is adding two LaCroix flavors, LimonCello and Pastèque, in early 2020, and recently launched the Hi-Biscus flavor. UBS rates National Beverage shares neutral and raised its price target to $57 from $44. National Beverage stock is down more than 35% for the past year, but is up 36.3% over the last month. The S&P 500 index is up nearly 19% for the last 12 months.
Walmart, autonomous delivery co. launch Houston partnership
Tue, 10 Dec 2019 18:29:31 +0000
Months after launching its first partnership with Kroger, California-based Nuro has another retail partnership in the works.
Walmart Testing Driverless Grocery Delivery
Tue, 10 Dec 2019 18:12:38 +0000
Walmart Inc. (NYSE: WMT) and robotics and driverless delivery company Nuro announced a partnership for a pilot program to use autonomous delivery vehicles for home grocery delivery. The program will be offered to Walmart's Houston-based customers, allowing them to order items online for scheduled delivery to their homes. For those customers that have opted into the program, autonomous delivery service will be provided through one of Nuro's R2 custom-built delivery vehicles, which carry products without a driver or passenger onboard.
Costco (COST) to Post Q1 Earnings: Comps to Play a Key Role
Tue, 10 Dec 2019 14:18:02 +0000
Costco's (COST) comps are likely to have aided its overall performance in the first quarter of fiscal 2020. The company recently posted comps and sales numbers for November and the first quarter.
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