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Two Ways: Market Surges, Leaves Wal-Mart Behind

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Strengthen your portfolio in good times and bad.

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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!


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Position in SPY

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