2024/12/02
Daily 4XSetUps - Price Action Of The WMT Shares Is Splendid
“the stock has been rising for days, weeks, months, years!
is it fundamentally justified? When will the break-in come?”
In an impressive display of resilience and growth,
WMT stock has hit a new all-time high of $92.27. With a hefty market cap of $738.5 billion, the company is already a heavyweight - still growing and growing and growing. This milestone underlines the retail giant's successful strategies in a highly competitive market and reflects a significant increase in value of +60% in price action within this year 2024. Additionally, the company has maintained its dividend payments for a remarkable 52 consecutive years, although current technical indicators suggest the stock may be overbought.However, the magnificent price development of
WMT shares can fundamentally be justified. Because WMT caused a stir with a strong performance in the third quarter of 2024. The retail giant reported adjusted earnings per share (EPS) of $0.58, beating analysts' forecasts by $0.05. Consolidated sales rose 5.5%, while U.S. comparable sales rose 5.3%, beating expectations of 4.0%. The growth in the e-commerce sector was particularly impressive: global sales rose by 27% and in the US market by 22%. In response to these results, several financial institutions, including Barclays, KeyBanc Capital Markets, Piper Sandler, Baird, Guggenheim and RBC Capital Markets, have upgraded their forecasts for WMT . The new price targets range between $90.00 and $100.00, while maintaining positive ratings. And also stick with my price target of $100 for our long WMT 4XSetUp.
“Remember that most people are happiest when they are improving and doing the things that suit them naturally and help them advance. So learning about your people’s weaknesses is just as valuable (for them and for you) as is learning their strengths.”
Ray Dalio
$92.99 : 2024/12/02 - All-Time High
$92.64 : 2024/12/02 - last price action
$88.93 : 2024/11/22 - Upper Line Of Bullish GAP
$88.64 : 2024/11/21 - Down Line Of Bullish GAP
$85.91 : 2024/11/19 - Upper Line Of GAP During QR
$84.85 : 2024/11/18 - Down Line Of GAP During QR
The
WMT share has been rising and rising and rising - for days, for weeks, for months, for quarters, for years - and/or since the outbreak of the coronavirus outbreak in 2020 exponentially. Sure - food, everything we need in everyday life is more or less available in WMT . Business is going well - and/or the people in charge can obviously do the math. The business finances itself from cash flow - and profits also increase at a higher percentage than the dividend is paid. Hence? It doesn't get any better! I know what I'm talking about because I personally have been working full-time in a large supermarket here in Germany since 2020. However, EDEKA, also the largest supermarket here in my homeland germany in terms of sales figures, is not listed on the stock exchange, like Wal-mart in the USA.But I would also like to pour some water into the wine, as we say colloquially here in Germany. Because, in terms of the price action of
WMT I am personally a little bit worried about the development at first glance. But as long as I think about it and look at the fundamental numbers, the price action of WMT at this level can still be justified. As written, for example, quarterly profits rise higher in percentage terms than the dividends paid out - a cash machine! No question? And so the penultimate major GAP was created during the publication of the last quarterly report. Before the last small bullish GAP on Thursday & Friday the last week before between $88.64 & $88.93. Admittedly not a GAP mentioned - but still $0.29 big. What the robust, constructive price action of the WMT share proves. Which is why we will definitely continue to let run this long WMT 4XSetUp. And that even if the share falls back below the small bullish GAP that was just mentioned. But why should traders and/or investors currently want to do this? I don't know!-------------------------------------------------
$100.00 : 2025/06/30 - Target Price
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$092.64 : 2024/12/03 - last price action
$084.83 : 2024/11/08 - Entry Price
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$075.00 - 2025/06/30 - Stop Price
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Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in
DXY every day so that we learn something new daily.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.