Gas and Oil Are at Record Highs
A combo of strong demand and poor supply has sent oil prices to the high unseen since 2018. Gas is at record highs as well.
Walmart Beat Q2 Estimates
Information is not investment advice
What happened?
One of the largest US retailers, Walmart, has published its earnings results for the second quarter of 2021, which exceeded analysts’ expectations. As a result, the stock of Walmart surged!
Earnings per share: $1.78 vs the forecast of $1.57.
Revenue: $141.05 billion vs expected $137.17 billion.
Overall performance
Walmart was among those stocks which benefited from the Covid-19 pandemic. Walmart’s stores remained open during lockdowns as they sell essential products. Moreover, the company adapted fast to the new environment and expanded its e-commerce segment during the online shopping boom. Now the company enjoys the return of customers back to its stores. It seems that Walmart wins under any scenario. Besides, now, it's going to hire a cryptocurrency chief, to build its digital currency strategy.
Forecast
From the long-term perspective, Walmart is likely to rise further amid the broad shift to defensive stocks. However, not all analysts have such optimistic predictions. Read what Kirill Belyaev foresees.
Tech outlook
Walmart is moving inside the ascending channel. It is getting closer to the high of late November at $153.50. It may struggle to cross it and reverse down to the close support level of $150.00. The move above the resistance level of $153.50 will open the way up to the psychological mark of $160.00. Support levels are the round number of $150.00 and the 50-week moving average of $142.00.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
- Open an account in FBS Trader or the MT5 account in your personal area.
- Log in!
Kseniya Medik
Similar
Carnival is Leaving the Dock!
On Thursday, September 23, shares of Carnival had jumped a solid 3% after the cruise line announced it is on track to have 50% of its fleet sailing again by October, and 65% by the end of the year. So what? Read the article to find out!
Crytpo Becomes Illegal in China
It’s unbelievable but China’s government prohibited all transactions with cryptocurrencies.
Popular
Gas and Oil Are at Record Highs
A combo of strong demand and poor supply has sent oil prices to the high unseen since 2018. Gas is at record highs as well.
EUR/USD trades just north of 1.17
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now testing the upper level of the Kumo…
Carnival is Leaving the Dock!
On Thursday, September 23, shares of Carnival had jumped a solid 3% after the cruise line announced it is on track to have 50% of its fleet sailing again by October, and 65% by the end of the year. So what? Read the article to find out!
Choose your payment system
