Authored by ZanderVanDerMerwe
Walmart bulking up for Christmas. As the holiday season rapidly approaches, Walmart is taking proactive steps to ensure they are fully prepared for the busiest shopping period of the year. With the anticipation of increased demand for holiday products, the retail giant is "bulking up" its inventory, staff, and online capabilities to better serve its customers.
Friday’s movers:
- Tilray Inc (TLRY) was up 9.11% legalisation continues to push cannabis stocks higher
- Hewlett Packard Enterprise Company (HPE) was down 8.16% as Goldman changed its position to a sell
- Airbnb Inc (ABNB) was up 7.79% as MSCI was one of the stocks added to the Index
- American Airlines Group Inc (AAL) was down 4.88%
Earnings Due:
NetEase Inc NTES Pre-Market 16/11
Wallmart Inc WMT Pre-Market 16/11
The Home Depot HD Pre-Market 16/11
Stocks to watch:
Walmart is set to release Earings tomorrow morning during the Pre-Market. Holiday seasons are around the corner, with the retail sector poised to increase sales in the wake of a recovering economy, with retail sales forecasted to come in at 1.2% an increase should add additional upside to the retail stocks.
With the vision and trial of implementing driverless trucks to increase efficiency, innovation is one of Walmart’s focuses at the moment to drive efficiency.
Technically, the price is trading in a really strong upward trend after November's Black Friday extensions drove the price higher. However, as the price approaches oversold levels, further downside could be anticipated to the $144 to $145 levels before a continuation. Positive earnings and revenue growth during tomorrow's earnings should drive further upside.
