Walmart earnings preview: ‘Defensive moat in food’ may thwart even Amazon
Walmart’s dominant position in food and growing e-commerce capabilities will be factors
Ahead of Walmart Inc.’s fourth-quarter 2018 earnings on Tuesday, Susquehanna Financial Group analysts reiterated its positive stock rating, due to the retailer’s position in food.
Susquehanna raised the retail giant’s price target to $126 from $115 “based on our sum-of-the-parts valuation and our increased conviction that Walmart has a defensive moat in food and a viable final-mile delivery solution,” analysts led by Bill Dreher wrote in a Friday note.
Walmart Earnings: When No Surprise Would Be a Surprise
Walmart’s (WMT) fourth-quarter results, slated for release on Tuesday morning, could be anticlimactic. Retailers representing around 80% of fourth-quarter sales have already pre-announced results, and the numbers have been strong.
As always, guidance for the year ahead will matter at least as much as recent results. But for Walmart, and for Target, what investors might be focused on most is something called omnichannel.
That’s industry jargon for the efforts of traditional retailers to build online sales capabilities that can stand up to Amazon (AMZN), while making the most of any advantages they already hold.
Today's Trade of the Day | 2-20-18
LUV (southwest) bearish order flow remains intact as the $59 resistance was rejected by a new bearish U-turn. Game planning a new short sale with a $58 sell stop. Profit target comes in at $53. Stop loss on a close above $59.25
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Stocks to Trade | Tuesday Edition 2-20-18
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Bearish Momentum: lbtyk
Bullish Order Flow: TWTR, NFLX, NKTR, HCA, AMZN, EA, NVDA, STLD, NKE, MA, CTSH, STI, PNC, ADBE, JPM, KSS, ACN, DE
Bearish Order Flow: dvmt, dvn, ups, apa, cvx, rspp, mchp, xom, xlnx, scg, khc, luv, cvs, cern, hcn
Double Normal Volume: X, AMAT, KHC, VFC, CGNX, DE, STLD, CLR
Inside Days: csco, teva, qcom, c, mgm, met, ms, len, ups, cvx, oxy, celg, nem, low, cop, amzn, ea, esrx, cf, dks, stx, momo, nktr, amtd, vmw
Bitcoin pushing higher as cryptocurrency market finds its swagger
Bitcoin was up 6 percent, trading above $11,500, the highest it has been in February. Ethereum and ripple — the number 2 and 3 cryptocurrencies respectively — also rose, trading 1-2 percent higher.
More than 80 percent of cryptocurrencies from Coinmarketcap’s top 100 list gained on Tuesday.
“The digital currency has had exponential growth but also presented important downturns. There is a decent likelihood that the currency could stabilize between $7,000 -$12,000 in 2018,” Swissquote Bank SA analyst Peter A. Rosenstreich wrote.
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