RICH SHOPPING AT WALMART — NEW BUY ZONE
By Nigam Arora & Dr. Natasha Arora
Long time members of The Arora Report are long Walmart (WMT) from $19.25. The stock is trading at $74.77 as of this writing. This represents a gain of 288%.
Chart
Please click here for an annotated chart of WMT stock. Note the following:
- Technically WMT stock has broken out.
- The chart shows the support zone.
Earnings
Walmart earnings were released in the premarket this morning. Here are the key points:
- Walmart is not seeing consumer weakness. This data is contrary to other recent pieces of data. Smart money is always analyzing both sides. In contrast, the momo crowd pays attention only to the data that supports its position and ignores the rest.
August 16, 2024