May 15, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Retail Earnings And Positioning

Please click here for a chart of Walmart stock (WMT).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of Walmart stock is being used to illustrate the point.
• The chart shows that Walmart stock is in the resistance zone.
• The pattern shown on the chart often leads to a breakout.
• Earnings from important retailers are ahead this week:
  • Home Depot (HD) earnings are on Tuesday.
  • Target (TGT) and The TJX Companies (TJX) earnings are on Wednesday.