Walmart bulking up for Christmas
- 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%
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. The 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.
From a technical perspective, price is trading in a really good upward trend following November Black Friday extensions that pushed price higher, with price approaching oversold levels, the additional downside may be expected to the $144 to $145 levels before a continuation should be expected, positive earnings and revenue growth during tomorrow’s should push additional upside.