The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
Walmart earnings: what to expect
Information is not investment advice
Walmart will report its earnings for the fourth quarter.
The report will be out this Thursday before the markets open at 14.00 MT time (GMT+2). Note that the stock trading is available from 16:30 MT time.
The world's biggest retailer is expected to report earnings of $1.51 a share. Investors widely expect Walmart to exceed expectations due to the huge sales during the holiday period and the company’s progress in e-commerce. The earnings result will prove whether Walmart can keep race with such e-commerce giants like Amazon or not.
Walmart has been dipping since November, but hopefully, better-than-expected earnings results will help the stock to escape the current descending channel. The break above the high of February 9 at $.146.50 will drive the stock to the high of January 12 at $150.00. Support levels are $143.00 and $139.00.
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Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!
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