WMT trade ideas
WMT- The StratReally need to work on exits. This is the third runner in the last week that I have jumped out too early on. Entry was based off 3 min chart.
Anyone trading The Strat feel free to give advice.
Bullish on Walmart, short term long tradeI have been inactive here for past 2 years since I last post about FX picks and market analysis. Due to nature of job and industry I try to avoid conflict of interest, anyway below are my analysis of Walmart.
Background about Walmart:
*Brick & Mortar Shopping Mall with about 4,700 stores (Supercenter)
*>50% revenue comes from groceries, follow by breakdowns to General Merchant, Health & Wellness and Other category.
*2013-2015, Walmart allocated 50% capital to new stores but in 2020 it has reduced to <20% in new stores
*They have business exposure in US, China (Sam's Club) and India (Flipkart)
*Target customer in US (low-middle income), China (middle to high income)
*Competitor = Amazon, Reliance, Costco, Target
*Defensive stock
Through the *ugly help* of Covid19, Walmart is able to accelerate their e-commerce investment and adoption rate, specially on their Walmart+ subscription plan which started 7th July (share price shot up 7%-8% intraday). Walmart Plus membership will reportedly include same-day delivery of groceries and other merchandise sold by Walmart. Think of Walmart Plus as the retailer's answer to Amazon Prime. It is a new membership program designed to compete with Amazon Prime. For a traditional brick & mortar business to transit and evolve alongside with technology adoption, I am pretty positive of Walmart's Omnichannel solution strategy (is a multichannel approach to sales that seeks to provide customers with a seamless shopping experience, whether they're shopping online from a desktop or mobile device, by telephone, or in a brick-and-mortar store.) In July 29 they release a new online services "Ask Sam"; accommodating to customer's specify request such as price checking and locating fine products. While not forgetting about covid19's preventive measures they also added Curb side pick up for customers. (Lets just view it as their social corporate governance responsibility)
Moving forward, Walmart is putting greater focus on E-commerce, growing their online platform awareness and increase market dominance over the time via acquisition/partnership with Flipkart (81% stake), JD.com (10%) and Shopify (10% stake). The deal will open Walmart's Marketplace to Shopify's small business sellers, with the goal of bringing 1,200 Shopify sellers to the marketplace this year. Back in Q1 earning report, management has highlighted U.S. ecommerce sales shot up by 74% as the coronavirus outbreak drove more shoppers to buy online and pick up outside Walmart stores, as there are currently no clear vaccine for now, I believe that online grocery shopping data will remain sticky till Q4.
Catalyst - These are some events that are in favour of Walmart's share price
1. "Amazon says it is out of stock of household items and deliveries are delayed due to coronavirus demand", although this news happened back in mid-May, however this could also translate to lost of dissatisfied customer.
2. Walmart+ vs Amazon prime. Price and services competition. (competition of market share, shift in price sensitive customer)
3. Expended operating hours from usual 8pm to 10pm
4. More calls vs put for 21 August expiry options
I see this as a strong defensive stock similarly to how other retail supermarket stocks in other countries had rallied and remain bullish on their upcoming earning report on 18th. I am expecting better than expected earnings on their core business grocery and modest decline in their other segment of the business. This should also fit a nice breakout play to $145+/-
If you are bullish on this sector but cant decide which stocks to hold why not go for both Walmart and Target with decent portion of weighted portfolio. I am vested and above are just my small sharing. Good luck stay safe.
$WMT PT 146-150Walmart is showing a bull flag and a CH. Good earnings should propel this to the next fib level ~$143. Just like i said with AMD, this will then get picked up by robinhood traders and should run to around $150. If earnings are not what we expect, i see this falling back to the $125 level.
WMT is a Tech Company Now 155+ Walmart+ will make it competitve against amazon and will allow the retail giant to directly target ads to consumers based on data collected from TikTok.
acquisition is similar to when google acquired youtube for 1.6B when it had a 160M valuation.
WMT - h chart The Automated Hormonal Pattern Scanner detected a negative pattern on WMT
sell for T1 134.87
T2 132.10
SL closing up 141.05
If WMT Gets TikTok Going to $145-$155 IMONot trading advice.
But in my opinion $145-$155 in play for WMT near term.
WMT
Big move for Walmart!It was a big move for Walmart yesterday.
The GoNoGo Trend indicator repainted a Go flag on the close, renewing the Go trend that has been trying to take off.
Yesterday’s price action also briefly scaled the high of the previous best bar on August 18th. Of note though, it was unable to close above it.
The GoNoGo Oscillator has turned up from zero, also a *bullish sign.
It looks as though price will endeavor to move higher, especially if it can consolidate above those highs.
$WMT Walmart needs to clear $140
The stock of Walmart has been a roller-coaster since earnings last week,
yesterdays news just added to the head spin.
We believe that if the stock can clear the $140 level it can rally hard to $160 with the earnings
pivot at $145 as possible resistance.
WMT ATH play + catalystTook a position yesterday, timeframe => 2-3 month, at least till next earnings
Meets my criterias: ATH, strong earnings, bullish chart, 4 x average volume
If they get a deal with Tik Tok, it can work as a catalyst to give it a boost
WMT - Triangle breakoutSymmetrical Triangle breakout.
I will but above 132.5 for initial target 134
138 to 140 possible but $WMT being $WMT i do not expect it go there before results.
RSI and Stochastic are go
Very Oversold but not making new lows. Looking for 140 next weekIn 130.3 and bought some Sept.18 130 Calls @2.85
WMT BUY OR LONG , TARGET UP TO $150 WMT confirms Pennant bullish at $135, target target to $150.
WMT buy : $135
WMT target : $150 +-3
Stop loss : 6%
Wish you a good deal!
Potential head and shoulders pattern for WMTNoticed a potential for this pattern to play out. Watch over the coming days to see if the neckline is broken leading to new lows for WMT
$WMT Flirts with a Key Breakout Failure PotentialWMT flirts with a meaningful "failed breakout" after strong earnings from it and Target in recent days. What's the next catalyst here? Tough to say.
If you are long and this catalyst-driven breakout fails, how do you not take something off the table?
Daily Wisdom 04 - Less is moreSometimes the most beautiful things happen without human intervention.
$WMt Walmart Support Zone to Watch
daily support held today once on higher than normal volume, support zone is between $132-130. where the rising 12ma also got touched today.
The Bulls now need to reclaim the breakout level @ $133.50 but maybe teh 3day rule applies before looking for long.
The indicators are beginning to roll over so caution needed.
