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Two Ways: Market Surges, Leaves Wal-Mart Behind


Strengthen your portfolio in good times and bad.

Big rally in stocks today; however, there are a few noticeable laggards. Among them was Wal-Mart (WMT): According to the Wall Street Journal, the world's largest retailer said sales at stores open for at least a year increased just 1.4% in March, far below consensus expectations of 3.4%.

Despite the miss, Wal-Mart says it still expects net income for the fiscal first quarter to come in at the high end of its range: $0.72 to $0.77 per share, as compared with analysts' estimates of $0.76 per share.

The company did say that traffic at its US discount stores increased for the sixth consecutive month. But average spending fell overall.

Shares were down 2.5% to $51.20 in the late afternoon session.

See Professor Jeff Macke's comments in Apple, Goldman Race Toward Resistance?

From the Bull Pen: As Professor Jeff Macke mentioned, Wal-Mart back toward the 48 level could be a buying opportunity. One option is to fade (read: buy) the stock into that level, with a sell stop below.

From the Bear Cave: Is the S&P 500 (SPX) due for a corrective move? Those looking for short exposure can consider using puts (defined risk) on the S&P Depository Receipts (SPY) into the 86 level.

Have a great long weekend, Minyans! See ya next week!

In memory of our fallen friend and trusted colleague, Bennet Sedacca, 100% of the donations made to the RP Foundation through April will be channeled to philanthropic endeavors consistent with the RP mission, working closely with the Sedacca clan in the distribution of those funds. We thank you kindly for your support as we strive to effect positive change in the lives of children.
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Position in SPY

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