Wal-Mart's most recent trend suggests a bullish bias. One trading opportunity on Wal-Mart is a Bull Put Spread using a strike $102.00 short put and a strike $97.00 long put offers a potential 42.45% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $102.00 by expiration. The full premium credit of $1.49 would be kept by the premium seller. The risk of $3.51 would be incurred if the stock dropped below the $97.00 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 77.03 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Wal-Mart
FTSE 100 off multi-month peak on China stimulus policy concerns
Wed, 24 Apr 2019 08:46:41 +0000
The FTSE-100 index was down 0.6 percent at 0810 GMT, underperforming its European counterparts, and the midcaps were down 0.1 percent. Concern is growing that China, the world's biggest metals consumer, will ease up on its economic stimulus efforts, reducing demand. Losses on the FTSE 100 were led by Anglo American, which fell nearly 3 percent after JP Morgan cut its rating on the stock.
Kraft Heinz pins hopes on a new recipe for success
Wed, 24 Apr 2019 04:00:51 +0000
FT premium subscribers can click here to receive Due Diligence every day by email. One scoop to start: The asset management arms of Deutsche Bank and UBS are in serious talks to merge, according to people close to the discussions, in a deal that would create a new European champion in the investment industry. US food conglomerate Kraft Heinz has had a difficult few months, even by packaged food company standards.
EBay raises forecast as redesign draws customers, boosts ad revenue
Tue, 23 Apr 2019 22:45:53 +0000
The company, facing intense competition from Amazon.com Inc and Walmart Inc, has focused on its promoted listings program and payments business, as well as worked to make its platform simpler to use through the introduction of grouped listings and personal recommendations. More than 800,000 active sellers took advantage of the promoted listings in the first quarter, helping more than double advertising revenue to over $65 million, the company said. Chief Executive Officer Devin Wenig on a post-earnings call reiterated that the company was reducing third-party ads that are not accretive and remained on track toward a $1 billion advertising revenue opportunity.
Walmart (WMT) Gains But Lags Market: What You Should Know
Tue, 23 Apr 2019 21:45:09 +0000
In the latest trading session, Walmart (WMT) closed at $103.14, marking a +0.75% move from the previous day.
Walmart Releases 2019 Annual Report and Proxy Statement
Tue, 23 Apr 2019 20:59:00 +0000
Walmart Inc. (WMT) today issued its 2019 Annual Report and filed its Proxy Statement in preparation for the company’s upcoming Annual Shareholders’ Meeting on Wednesday, June 5, 2019. “This has been a period of significant change at Walmart,” said Walmart President and Chief Executive Officer Doug McMillon in his letter to shareholders, associates and customers. The 2019 Annual Report provides shareholders with highlights of Walmart's achievements in the last fiscal year that contributed to the company’s strong momentum.
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