Wal-Mart's most recent trend suggests a bullish bias. One trading opportunity on Wal-Mart is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 20.19% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock dropped below the $90.00 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 69.62 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Wal-Mart
Retailer Massmart's profit hit by muted consumer spending
Thu, 23 Aug 2018 06:22:43 +0000
South African retailer Massmart Holdings reported a drop in half-year profits on Thursday due to restructuring costs and weak consumer spending. The company, part of Walmart Inc, had direct costs of 110 …
Cramer: Analysts have been 'dead wrong' about retail performance
Wed, 22 Aug 2018 22:14:00 +0000
Cramer discusses the reasons why Wall Street analysts have underestimated retailers.
Target Rings Up 41% E-Commerce Growth in Latest Quarter
Wed, 22 Aug 2018 22:00:00 +0000
The program's acceleration, disclosed Wednesday as part of Target's second-quarter earnings release, has been a welcome change for the retailer, which had been lambasted by analysts in the past for its lack of digital presence. “TGT is one of the most-exposed retailers in our universe to the digital threat,” Wells Fargo Senior Analyst Edward Kelly wrote in a note. Kelly lauded such elements of Target's digital strategy as a “ship-to-store” program, where in-store customers complete purchases that are delivered to their homes.
American Express Touches All-Time High During 5 Straight Sessions of Gains
Wed, 22 Aug 2018 20:24:00 +0000
People are swiping, and that is good news for American Express Co. The credit card company enjoyed a fifth straight day of gains, at one point rising as much as 1.4% during Wednesday's session as reaching a new all-time high of $106.26. American Express closed Wednesday's session up 0.97% to $105.83.
How Worried Should Amazon Be by Target and Walmart's Surging Online Growth?
Wed, 22 Aug 2018 20:11:00 +0000
With Walmart and Target each posting strong earnings, especially online, in the second quarter, the picture looks a lot more nuanced than what popular narratives may suggest. On Wednesday, Target reported increasing revenue at $17.55 billion for the quarter, driven by a 6.4% increase in traffic and a 41% increase in online sales. Meanwhile, last week, Walmart also beat revenue expectations and reported an increase of 4.5% in same-store sales, an outcome that also soundly beat analyst projections of 2.3%.
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