G20: what did the leaders decide?
The G20 summit took place in Bali, Indonesia, on November 2022…
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.
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!
Similar
The End of Era: What Might the UK Face Next?
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
Why didn't oil prices calm despite OPEC+ attempts?
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
Popular
CBDC: Technology of the Future or Dystopia?
Central Bank Digital Currencies (CBDCs) are virtual national money. The idea of creating such currencies came to the authorities after the success of cryptocurrencies, which also exist only in digital form.
The Last Frontier for the USD and Gold
Suddenly, the US Dollar Index fell 6.70% over the last two weeks, marking the biggest decrease in the currency since 2020.
G20: what did the leaders decide?
The G20 summit took place in Bali, Indonesia, on November 2022…
Choose your payment system
