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WMT

Walmart

$86.07

1.56 (1.85%)

07:58
05/17/18
05/17
07:58
05/17/18
07:58

Technical Take: Walmart moves higher after results, nearing breakout

The stock was last up over 0.7% to $86.76 in pre-market trading. A move that holds above the $87.50 area would break the downtrend resistance line that has been in place since February. Such a move would be technically bullish for future price. Resistance above $87.50 would be at $88.68. Support is at the prior session closing price of $86.13.

  • 17

    May

  • 30

    May

  • 01

    Jun

WMT Walmart
$86.07

1.56 (1.85%)

05/10/18
MSCO
05/10/18
NO CHANGE
Target $93
MSCO
Equal Weight
Walmart deal for Flipkart more dilutive than anticipated, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman noted that news reports heading up to Walmart's (WMT) deal for a majority stake in Flipkart had predicted a $12B transaction for about 60% of a business generating operating losses in the $1B range. However, the higher than expected magnitude of losses Walmart would absorb in India significantly raises the stakes on the trajectory of its U.S. business and clouds the near-term path, he said. He also questions why the company is investing outside the U.S. market, stating that it could have instead accelerated its third-party marketplace infrastructure, stepped up its partnership with Google Home (GOOG) to better compete with Amazon's (AMZN) Alexa, or intensified domestic investments in price and fulfillment. However, he does add that the deal prevents Amazon, for now, from building an "insurmountable" advantage in the important Indian market. Gutman lowered his price target on Walmart to $93 from $99 after the deal was more dilutive than anticipated and keeps an Equal Weight rating on the shares.
05/10/18
LOOP
05/10/18
NO CHANGE
Target $87
LOOP
Hold
Walmart price target lowered to $87 from $92 at Loop Capital
Loop Capital analyst Andrew Wolf lowered his price target on Walmart to $87 and kept his Hold rating after the company's $16B investment in Flipkart. The analyst is positive on the deal longer term, given that India's retail market is expected to grow at 9% per year over the next 5 years and in light of the company's minimal store presence in India. In the medium term however, Wolf says the investment will be "meaningfully dilutive" to earnings, weighing on the stock.
05/15/18
SPHN
05/15/18
NO CHANGE
Target $108
SPHN
Overweight
Walmart Q1 expectations achievable, says Stephens
Stephens analyst Ben Bienvenu said he believes that consensus expectations regarding Walmart's Q1 results are achievable, though he noted that e-commerce growth in the quarter may come in below the company's annual guidance for about 40% growth. Still, easier e-commerce comparisons as the year progresses make its annual goals doable and Bienvenu remains confident that Walmart is one of the best positioned retailers he covers, he tells investors. He maintains an Overweight rating and $108 price target on Walmart ahead of the company's earnings report due on Thursday.
05/16/18
MKMP
05/16/18
NO CHANGE
Target $93
MKMP
Buy
Target to benefit from strong digital sales, says MKM Partners
MKM Partners analyst Patrick McKeever kept his Buy rating and $93 price target on Target Corp (TGT) ahead of its Q1 earnings next week. The analyst says the aggressive Street consensus for earnings is "doable" in spite of the negative impact from cold weather in the East, noting that the quarter will likely see more strong growth in digital sales driven by more "expedient" fulfillment and new orders. McKeever adds that despite the 12% run in the stock price year-to-date, its valuation is still 3.4 points below that of Walmart (WMT) on "overly pessimistic" investor sentiment. The analyst says Target remains his "Top Pick" in the space in 2018.

TODAY'S FREE FLY STORIES

IBM

IBM

$144.44

0.98 (0.68%)

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AXP

American Express

$102.98

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CENX

Century Aluminum

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AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

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Cisco

$42.20

-0.13 (-0.31%)

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Amazon.com

$1,842.36

-1.64 (-0.09%)

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Cisco

$42.20

-0.13 (-0.31%)

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DISCA

Discovery

$26.57

0.18 (0.68%)

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Discovery

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DISCK

Discovery Inc.

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0.17 (0.69%)

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  • 07

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AXP

American Express

$102.98

1.84 (1.82%)

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Breaking Hot Stocks news story on American Express »

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IRDM

Iridium

$17.85

-0.35 (-1.92%)

17:29
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  • 26

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DDR

DDR Corp.

$13.88

-0.46 (-3.21%)

17:29
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  • 25

    Jul

EBAY

eBay

$37.95

0.13 (0.34%)

17:28
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eBay says significant product changes scheduled for 2H18 »

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AXP

American Express

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EBAY

eBay

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0.13 (0.34%)

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  • 18

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RESN

Resonant

$4.68

-0.14 (-2.90%)

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  • 14

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KMI

Kinder Morgan

$17.78

0.09 (0.51%)

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Kinder Morgan CEO Steve Kean comments on Kinder Morgan Canada Limited »

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  • 18

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IBM

IBM

$144.44

0.98 (0.68%)

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IWSY

ImageWare

$0.00

(0.00%)

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LMT

Lockheed Martin

$319.86

2.48 (0.78%)

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SWK

Stanley Black & Decker

$138.27

2.57 (1.89%)

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  • 20

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BA

Boeing

$360.23

3.28 (0.92%)

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  • 25

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TAC

TransAlta

$5.30

0.05 (0.95%)

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  • 03

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IWSY

ImageWare

$0.00

(0.00%)

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MWA

Mueller Water

$11.93

0.16 (1.36%)

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  • 07

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EBAY

eBay

$37.95

0.13 (0.34%)

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  • 18

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SPWH

Sportsman's Warehouse

$5.23

-0.16 (-2.97%)

17:11
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  • 19

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FB

Facebook

$209.35

-0.64 (-0.30%)

17:09
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CCK

Crown Holdings

$45.12

-0.265 (-0.58%)

17:08
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  • 19

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