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WMT

THE WEEK AHEAD: HD, CSCO, TGT, BBY, WMT, GPS, AMAT EARNINGSWe have bevvy of retail earnings announcements next week as the full season tapers off: HD announces earnings on Tuesday before market open with a background implied volatility of 23% (top quarter of 52-week range). CSCO -- Wednesday before market open with a background of 27 (near 52-week high). TGT -- Wednesday before market open, at 36 (top quarter of 52-week range). BBY -- Thursday, before market open, at 53 (near 52-week high). WMT -- Thursday, before market open, at 25 (near 52-week high). GPS -- Thursday, after market close, at 44 (above middle, but below top quarter of 52-week range). AMAT -- Thursday, after market close, at 41 (near 52-week high). I generally prefer playing earnings where the background volatility exceeds 50%, and it's in the top-quarter of its 52-week range, implying that the best candidate for an earnings contraction play would be BBY with AMAT close behind/worth watching for an increase in implied volatility running into the announcement. Broad-market exchange-traded fund-wise, there isn't much to play: the Brazilian exchange-traded fund continues to print implied volatility percentages at or above 30% (currently, 35-ish), followed by the petro exchange-traded fund, XOP (34). For non-earnings individuals, TEVA (72/upper end of its 52-week range) continues to garner my attention, along with CTL (56), which -- post-earnings -- maintains high volatility. The majors -- well, there isn't much to look at. IWM leads with a background implied of 16, which is basically tied with the QQQ's at 16. SPY comes in at a paltry 13 ... . On the volatility product front, the first /VX future trading at or above 16 is out in May (184 DTE), meaning that a <90 DTE VIX Term Structure trade isn't in the offing for me. However, the VXST/VIX ratio finished Friday's session somewhat elevated (.92), so it's worth keeping an eye out for any >1.00 pops in which to consider Contango Drift trades, particularly as we wind into a rollover with VIX spot trading at 11.29 relative to the Nov contract's 11.60 (2 DTE).
NYSE:HD
by NaughtyPines
WMT - Short from $77.53 to $72.53; $77.50 September Puts WMT is going down after its recent earnings release. It has huge insider selling & overall looks very good as short. We think it has good downside potential, and to play this we would consider September $77.50 Puts which are $0.85 * Trade Criteria * Date First Found- August 24, 2017 Pattern/Why- downward momentum short Entry Target Criteria- Break of $77.63 Exit Target Criteria- $72.53 Stop Loss Criteria- $81.07 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:WMTShort
by AcornWealthCorp
WMT - Earnings option play, $79.50 August Puts, currently $0.87 WMT is potential earnings play. Its looking choppy in the top & seems forming a H&S formation. Moneyflow is getting weaker. It also has some insider selling. We think it has good downside potential with earnings. To play this We would look at $79.50 August Puts, currently $0.87. * Trade Criteria * Date First Found- August 15, 2017 Pattern/Why- Earnings Play; Potential H&S formation Entry Target Criteria- Looking at $79.50 August Puts, currently $0.87 Exit Target Criteria- N/A Stop Loss Criteria- N/A Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:WMTShort
by AcornWealthCorp
WMT overvalued & ripe for pullback?WMT completed a head and shoulder pattern without any substantial pullback in July. WMT is currently at the average analysts 12 months target of $81. However, according to Trefis and CFRA, the fair value of WMT is approximately 5% to 7% lower. A meaningful pullback of 10% to the 200 day moving average would not be unreasonable should investors be displeased with the next earnings report on August 17. Investors have not seen any meaningful increase in earnings during the past 5 years. Earnings estimates for 2017 are 4.32 with the 2018 estimate of 4.36 giving minimal increase. Based on an average PE ratio over the last 5 years of 15.15 a share price of $66 is not unreasonable and would return the stock back to the lows seen earlier this year. Long term earnings growth projections for WMT are 5.8% annually over the next 5 years. Valueline suggests long term investors can expect this as a minimum 3-5 year annual total return projection.
NYSE:WMTShort
by dime
WMT. Short on Fibo confluence and possible pattern cascadeChart shows that price is being bewered in a strong resistance zone, which is trying to break once again. A 75.90 per share has an interesting Fibo confluence which may be considered as a "do-or-die" level as it is a level which validates or invalidates two Cypher patterns. Only a bigger one is shown, which would complete at 60.60 per share, while a smaller one points towards an eventual return to below 70 per share. Will open a short position aiming 67 as a first target and then watch on how the price behaves. My SL will be placed at 78 per share
NYSE:WMTShort
by captain_smollett
2
Mixed Medium-Term Outlook for Wal-Mart (WMT)On March 29, 2017 Wal-Mart (WMT) crossed above its 200 day moving average (MA). Historically this has occurred 192 times. When this happens, the stock does not always continue to rise. It has a median gain of 3.407% and maximum gain of 36.667% over the next 15 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 58.1906. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral and looking for direction but slightly moving up at the moment. The true strength index (TSI) is currently 7.9533. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is up. Even though it is still a positive number, it is trending downward. The positive vortex indicator (VI) is currently 1.000 and just crossed over the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward. Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending upward. Based on historical movement compared to current levels and the current position in a downward trend channel, the stock could gain 0.71% over the next three weeks. The stock recently broke out of its most recent downward micro trend channel and appears to be using the old resistance as the new support which is common. Over the next few months the stock will approach the bottom of its major support channel that is pointing upward. For this reason, I do not expect much upward movement over the next three weeks.
NYSE:WMT
by StockSignaler