Wal-Mart (WMT) Offering Possible 60.26% Return Over the Next 13 Calendar Days

Wal-Mart's most recent trend suggests a bullish bias. One trading opportunity on Wal-Mart is a Bull Put Spread using a strike $142.00 short put and a strike $137.00 long put offers a potential 60.26% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $142.00 by expiration. The full premium credit of $1.88 would be kept by the premium seller. The risk of $3.12 would be incurred if the stock dropped below the $137.00 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 46.4 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Wal-Mart

Facebook Racks Up India Wins With WhatsApp Permit, Ambani Deal
Fri, 06 Nov 2020 06:19:04 +0000
(Bloomberg) — Facebook Inc., which was struggling for years to win a permit to operate its WhatsApp payments service in India, finally got approval for the roll-out, marking a breakthrough year for the tech giant that also saw it partnering billionaire Mukesh Ambani to expand in the world’s biggest open technology market.WhatsApp pay can go live using the homegrown, multibank Unified Payments Interface, its operator the National Payments Corporation of India said in a statement Thursday. The U.S. social media giant can gradually expand its UPI base starting with as many as 20 million users. Facebook has been testing WhatsApp payments in India since early 2018.The approval is the latest milestone for the billionaire Mark Zuckerberg-helmed firm that plowed $5.7 billion by agreeing to buy a 9.99% stake in Ambani’s digital services unit, Jio Platforms Ltd., in April. Ambani’s unit has attracted more than $20 billion from investors including Intel Corp. and Google, as global tech giants doubled down in partnering Asia’s richest man and the most influential business leader in India.“Now you can easily send money to your friends and family, just as easily as sending a message. There’s no fee and it’s supported by more than 140 banks,” Zuckerberg said in a video post. He added that it was available in 10 Indian regional language versions of Whatsapp.Crowded MarketFacebook has been open about its ambition to build a large commerce business in India with WhatsApp messaging at the center. India’s payments market is crowded with domestic pioneer Paytm, Google Pay, Walmart Inc.’s PhonePe, Amazon.com Inc.’s Amazon Pay and dozens of other startups but Whatsapp’s enormous user base of more than 400 million gives it a unique advantage in a market slated to grow to $1 trillion by 2023.“Starting today, people across India will be able to send money through WhatsApp,” the company said in a Nov. 6 blog post on its website. “We’re excited to join India’s campaign to increase the ease and use of digital payments, which is helping expand financial inclusion in India.”Unlike some other rivals, WhatsApp will be able to add customers for its payments service quickly because of the ubiquity of its messaging app. Almost every other mobile Internet user is a whatsapp user. India is Facebook and WhatsApp’s largest market, at a time when the American firm is looking for areas to add new users as more lucrative markets like the U.S. and Europe become saturated.Meanwhile, Ambani has honed in on technology and e-commerce as pillars of expansion for his listed Reliance Industries Ltd. — that in turn controls the digital and retail units — in a pivot away from the energy business he inherited in 2002. Ambani is helming this transformation at Reliance that makes Facebook and Whatsapp integral to its future plans, especially as the tycoon looks to take on Amazon and Walmart Inc.-owned Flipkart in e-commerce.WhatsApp RolloutFacebook’s WhatsApp payment rollout was in the works long before the tie up with Ambani. The service, which had been in a test mode with a million users for nearly three years, was said to be close to receiving the green light for its payments service in February.Still, Indian regulators have blocked some of Facebook’s previous business efforts in India, including a program that offered free internet access to a limited number of websites.WhatsApp has added commerce features in recent years, including product catalogs and shops, so that small businesses can promote and sell goods directly through the app. Payments is a key part of enabling those transactions. The company is also hoping to use these product catalogs as a jumping off point to bring small businesses to other Facebook services, like advertising and customer service tools.Preventing MonopolyThe National Payments Corporation of India has imposed a 30% volume cap on all third party payment providers on its payments platform, to avoid any single entity from monopolizing the market. Existing payment operators have two years from Jan. 1 to comply with this limit, the government body said in a separate statement Thursday.Facebook executives foresee WhatsApp serving as a one-stop-shop for Indian small businesses, who can sell goods and interact with customers on a service that hundreds of millions of people in the country already use. They hope to replicate that plan in other markets, like Brazil, though efforts to bring payments there have also faced regulatory challenges.“In the long run, we believe the combination of WhatsApp and UPI’s unique architecture can help local organizations address some of the key challenges of our time, including increasing rural participation in the digital economy and delivering financial services to those who have never had access before,” the company said in a statement.(Updates with details about Facebook investment in Reliance’s digital unit.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

National Vision Holdings, Inc. (EYE) Q3 2020 Earnings Call Transcript
Fri, 06 Nov 2020 04:31:39 +0000
EYE earnings call for the period ending September 30, 2020.

TikTok Parent ByteDance Seeks to Raise Cash at $180 Billion Valuation
Fri, 06 Nov 2020 01:34:41 +0000
(Bloomberg) — ByteDance Ltd. is in discussions to raise $2 billion before listing some of its businesses in Hong Kong, people familiar with the matter said, even as it seeks to avoid a ban on its TikTok service in the U.S.The Chinese company is in talks with a group of investors including Sequoia over funding that would boost its valuation to $180 billion, the people said, asking not to be identified discussing a private deal. ByteDance could then start preparing some of its biggest assets including Douyin and Toutiao for an initial public offering in Hong Kong, the people said. The company was last valued at $140 billion, according to CB Insights.The terms of the funding round may still change as negotiations are ongoing, the people said. A representative for ByteDance declined to comment, while a representative for Sequoia didn’t immediately respond to a request for comment.ByteDance, already the world’s most valuable startup, is in the throes of fighting a Trump administration ban on TikTok in the U.S. after the video service was labeled a national security threat. It’s now seeking U.S. and Chinese government approvals for a deal to sell a stake in the app to Oracle Corp. and Walmart Inc., though negotiations have bogged down during the elections and legal battles over the implementation of the ban.TikTok, Hong Kong and More U.S.-China Flashpoints: QuickTakeThat deal, which included a condition that TikTok go public within 12 months on a U.S. exchange, won Donald Trump’s initial nod as a way to keep alive a social media phenom that’s become the go-to repository of music videos for 100 million-plus Americans. ByteDance was seeking a valuation of $60 billion for the app, Bloomberg News reported in September.While the clash in the U.S. has drawn global attention, ByteDance’s services in China remain its most lucrative. Douyin, the domestic version of TikTok, surpassed 600 million daily active users in August, up from 400 million at the start of the year. The company said this week it plans to hire 10,000 more in the world’s second-biggest economy by the end of this year.Its largest local rival Kuaishou Technology filed for a Hong Kong initial public offering on Thursday, underscoring both the eye-popping growth of the Chinese short video arena as well as ByteDance’s dominance of that scene. Kuaishou, or “fast hand,” reported about 39 billion yuan of revenue in 2019, while ByteDance was said to have generated more than $17 billion revenue in the same year. While the pre-listing document didn’t provide a fundraising target, people familiar with the matter said in September that the potential share sale could raise as much as $5 billion.Toutiao, a news service driven by artificial intelligence recommendations, was the company’s first breakout hit and has surged in popularity in China.ByteDance’s billionaire founder Zhang Yiming is still fighting to hold onto some control over TikTok, an app he built into a genuine challenger to Google and Facebook Inc. Under the proposed deal with the Trump administration, TikTok would be spun out of ByteDance, set up a global headquarters in the U.S. and sell a 20% stake to Oracle and Walmart.ByteDance has said it intends to retain the other 80%, although its partners have said the shares in the new TikTok Global would have to be distributed to ByteDance’s current shareholders. Those include American venture firms, including General Atlantic and Sequoia Capital.At the same time, ByteDance has sued the U.S. government to prevent a ban. In October, a federal judge in Pennsylvania blocked a broad set of government restrictions designed to curb the use of TikTok in the U.S.TikTok emerged as a top target in Trump’s effort to crack down on China ahead of the U.S. elections. Tensions between Washington and Beijing escalated after his administration waged a campaign to contain the country’s technology ascendancy that also ensnared Tencent Holdings Ltd., now fighting a similar executive order banning its WeChat super-app.(Updates with Kuaishou’s Hong Kong IPO filing in seventh paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Coupa Stock Pops, Retail Giant Walmart To Use Business Spending Software
Thu, 05 Nov 2020 21:42:19 +0000
Coupa stock popped after the software maker announced that global retail giant Walmart will use its business spending tools to upgrade supply chain management. Coupa acquired Llamasoft on Monday.

Here's Why Coupa Software Stock Jumped Today
Thu, 05 Nov 2020 16:32:00 +0000
Shares of Coupa Software (NASDAQ: COUP) skyrocketed this morning after the company announced that Walmart is expanding its use of Coupa's software. Walmart already uses Coupa's software to optimize how it sources third-party spending in North America, but the retail giant said today that it will expand its use of Coupa's software “to enhance Walmart's visibility into its global spend” and to “help drive savings throughout the procurement supply chain.” “Today, we have multiple, complex procurement systems across our business,” Walmart's chief procurement officer, DK Singh, said in a press release.

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