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Walmart, Target unveil diverging economic outlooksWalmart and Target released diverging outlooks for the final quarter of 2022 as the companies' respective recent financial results show how rising inflation prompts consumers in the US to be extra mindful and plan their purchases instead of becoming abrupt buyers who will end up buying more than intended. The change in consumer behavior benefited retail corporation Walmart, which generates much of its sales from groceries, and somehow took away sales from big box department store chain Target, which is a destination more for top-up shopping. Consumers becoming extra careful of their spending can be attributed to inflation and concerns about the US economy heading into a recession. The annual inflation rate in October slowed to 7.7%, compared with the 8.2% in September, according to figures released in November. The latest figure is lower than the consensus estimates of 8% and marked the lowest inflation figure since Jan. 22. However, consumer confidence across the country fell during the month to a three-month low of 102.5 from a 107.8 reading in September despite the slowdown in inflation amid growing concerns regarding the economy. Opposing outlooks In the third quarter, Walmart upgrraded its financial outlook for the year after reporting an 8.2% growth in comparable sales and a sustained gain in market share of the grocery sector. On the other hand, Target downgraded its forecast for the fourth quarter following a 2.7% hike in comparable sales, attributable to a 1.4% rise in traffic growth and a 1.3% increase in average ticket. Since the release of their respective results, Walmart is up ~10% while Target has fallen ~8%. Target's failure to hit its profit and revenue targets for the quarter paints a picture of how consumers are becoming more selective of what they spend on. Saunders said the company's financial results show that people are now spending more on food and grocery staples and not as much on apparel and home goods, which provide better margins for the company. This is how the behavioral shift becomes beneficial for Walmart. The company prides itself on offering products at "everyday low prices." As Americans become more careful with their spending, this mantra becomes even more appealing. In addition, grocery items are always a necessity regardless of the soaring prices of products. With the bulk of its sales coming from groceries, this change could be very lucrative for Walmart. Possible ray of light for the economy Retail sales across the US in October saw a 1.3% uptick after being unchanged in September. Year over year, sales grew 8.3%. The better-than-expected growth in retail sales across the US in October suggests consumer spending has picked up early in the fourth quarter of 2022. According to Reuters, this could be beneficial for the US economy, especially amid fears of an incoming recession. Along with the slowdown in inflation, the solid retail sales for the month elicited cautious optimism that perhaps, the US economy could avoid the expected recession or at least only experience a mild downturn. But Target's warning of "dramatic changes" in consumer behavior that dragged its third-quarter sales still hangs in the air, eliciting concerns that it may affect sales over the holidays. Expectations for retail sales in November is a 0.9% rise. The National Retail Federation is forecasting holiday sales for 2022 will grow between 6% and 8% this year. If realized, the expected figure would be lower than the 13.5% hike recorded in the prior-year period even at top end of the range. Even so, it will still be higher than the 4.9% growth average over the past 10 years.
NYSE:WMT
by BlackBull_Markets
NKE - Just do itNike Inc - Intraday - We look to Buy at 99.72 (stop at 91.56) Broken out of the channel formation to the upside. We have a Gap open at 99.72 from 10/11/2022 to 11/11/2022. Further upside is expected although we prefer to buy into dips close to the 99.72 level. Expect trading to remain mixed and volatile. Our profit targets will be 118.44 and 139.00 Resistance: 109.31 / 113.36 / 118.47 Support: 99.72 / 92.10 / 82.22 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:NKELong
by VantageMarkets
1
Michael Burry buying GEO - Chart reviewToday you can review the technical analysis idea on a 1D linear scale chart for Geo Group Inc (GEO). Michael Burry's investment in Geo Group Inc seems to be paying off. Price may be headed towards $11. Keeping a close eye on this one. Falling channel breakout and above the 200 SMA. Resistance around $11. fortune.com If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
NYSE:GEO
by MillionaireEconomics
US30-- A humbling realization that the bull run may not be overAnd, just when you thought the world was about to end.. Jussst when you thought that Bitcoin had found the bottom.. Jussssst when you think that you might as well just enter into a macro trend because its never going to end.. Jusssssssst when you find a perfect trend line and decide to over leverage just this one time.. The universe wags its finger, and albeit the market expects the Fed to ease up on interest rates for the holiday. If somebody asked me "Bobby? Do you think youll ever possess a Bitcoin for less than you bought it?" back when Bitcoin was going parabolic in 2018, I would have bet you that I wouldn't. I would have bet you a Bitcoin! I'm sharing my weekly analysis of the Dow Jones Industrial Average. After discussing the post CPI news trading day with a colleague and close friend of mine, and taking an umpteenth look at the numbers, a slight adjustment in my theory brought some major clarity to this recent price action, and it dawned on me: I have no idea what is actually going to happen. It also didn't make it any better that i was completely unaware that the November interest rate was announced an entire week ago, LOL... That realization was also an emphasis on how important it is to keep things simple when trading and to manage our risk properly and patiently. Check out my analysis, and let me know if you think 33,800 is a critical level like I do.
OANDA:US30USD
by Bobbyusesfib
Bearish flag on VmwareVMware - Short Term - We look to Sell at 111.95 (stop at 115.15) The medium-term bias remains bearish. Trading within the Wedge formation. Prices are extending lower from the bearish flag/pennant formation. We have a Gap open at 111.95 from 02/11/2022 to 03/11/2022. The preferred trade is to sell into rallies. Our profit targets will be 96.19 and 91.55 Resistance: 111.95 / 114.41 / 118.68 Support: 103.55 / 102.53 / 96.19 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VShort
by VantageMarkets
Spotify +4%Spotify offers digital copyright restricted recorded music and podcasts, including more than 82 million songs, from record labels and media companies. As a freemium service, basic features are free with advertisements and limited control, while additional features, such as offline listening and commercial-free listening, are offered via paid subscriptions. Spotify is currently available in 180+ countries, as of October 2021. Users can search for music based on artist, album, or genre, and can create, edit, and share playlists. Spotify is available in most of Europe, as well as Africa, the Americas, Asia and Oceania, with a total availability in 184 markets. The service is available on most devices including Windows, macOS, and Linux computers, iOS and Android smartphones and tablets, smart home devices such as the Amazon Echo and Google Nest lines of products and digital media players like Roku.
NYSE:SPOTLong
by MiguelFTCurado
1
NIO - GAPPED OUT OF ITS BACKSIDE!!!I'll start by stating, I’m a fan of NIO, and I’m not looking to shit on it at all, this is all purely TA, I haven't factored in any fundamentals (please comment with any you're aware of - sharing is caring! :) ), this is purely an outlook for long term holders, but also with a scope for my fellow day traders who might want to note the more longer time frame levels so they can factor into their intraday TA. Being brutally honest - I don’t feel there’s a positive outlook here! NIO has some rather interesting gaps formed at certain stages of past market action, and as such I myself am keeping an eye on the gaps. Let me explain what’s going on with my chart; ORANGE BOXES = GAPS formed on the daily (D) timeframe: - 7 In total – Ranging from: - The lowest at: $2.57/61 (0.04c gap) - The highest at: $58 (0.60c gap) BLUE BOXES = GAPS formed on the weekly (W) timeframe: - 3 in total – Ranging from: - The lowest at: $9.35/$10.51 ($1.16 gap) - The highest at: $26.35/$27.22 (0.87c gap) - Middle at: $19.42/.82 (0.40c gap) - $2.43 total gap’s price. RED TREND LINES – 2 in total – Top trend line goes from highest wick ($66 / Jan ’21), down to Jan ’23. Price touched and retraced from this trend line at end of June 2021 (W/28.06) , and then once again in November 2021. Bottom trend line intrigues me – its just below a daily gap that was formed during the 2020 pump, which was filled January 2022 (2 years to fill). The bottom red trend line sits just above this zone, and has also proven to be strong resistance – this was tested multiple times this year MY PREDICTION IS AS THE WHITE LINE PROCEEDS MY FRIENDS! The best of luck to all trading/investing, and lets all be nice to one another whilst sharing idea's!
NShort
by TuataraW20
2
STRIDE +5%Stride, Inc. (formerly K12 Inc.) is a for-profit education company that provides online and blended education programs. Stride, Inc. is an education management organization (EMO) that provides online education designed as an alternative to traditional "brick and mortar" education for public school students from kindergarten to 12th grade (hence its former name), as well as career learning programs. As of 2012, publicly traded Stride, Inc. was the largest EMO in terms of enrollment.
NYSE:LRNLong
by MiguelFTCurado
4