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Two Ways To Play: Walmart Beats Estimates

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Strengthen your portfolio in good times and bad.

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Walmart Beats the Numbah

Walmart (WMT) reported results for its fiscal third quarter. The world's largest retailer said earnings came in at $0.84 a share, $0.03 better than Wall Street estimates.

Revenues rose 1.1% year-over-year to $98.67 billion, below expectations of $99.88 billion.

For the fourth quarter, Walmart sees earnings coming in between $1.08 and $1.12 a share, versus consensus of $1.12.

The company said comparable same-store sales for Walmart in the US and its Sam's Club stores were flat. But customer store traffic and market share gains were encouraging signs of the health of the underlying business.

From the Bull Pen: When Walmart pulled back earlier this month to $49 to $50, it was a bullish backtest of the downtrend. One can still consider this stock as it slips toward $52. A sell stop can be set near $51.

From the Bear Cave
: In retail, look to American Eagle (AEO). A rally to $17-17.50 could be the makings of a bearish head and shoulders pattern on the daily chart. One can fade (read: sell) into that level with a buy stop above $17.50.

A Quick Check Around the World


Asian trading closed with the Nikkei -0.68%, India -0.91%, Hang Seng -1.01%, Shanghai -0.07%, and Taiwan 0.04%.

Across the pond, we see the FTSE 0.01%, CAC -0.11%, DAX -0.03%

As of 8:30 a.m. EST, S&P Futures are trading -3.50 to 1093.00 and Nasdaq futures are -4.750 to 1779.00.

A Look at Commodities

Over in commodities, crude oil is -0.76 to 78.52 while gold is -1.400 to 1113.20 this morning. Silver is -0.10 to 17.435 and copper -2.400 to 294.20.

The dollar Index is +0.2050 to 75.4650.

On the Radar

Economics

08:30 Initial Claims
08:30 Continuing Claims
11:00 Crude Inventories

Click here for the full trading radar.

Thirsty Thursday! Good luck and Go 9ers!


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No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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