This post was just published on ZYX Buy Change Alert.
The position is long with an average price of $58.88. Currently, 10% of the full core position size is being held. Profits have been taken as high as $62.10.
WMT reports Q3 EPS $1.14, consensus $1.13; reports Q3 revenue $115.69B, consensus $116.84M. WMT sees Q4 adjusted EPS $1.60-$1.70, consensus $1.69; sees FY13 adjusted EPS $5.11-$5.21, consensus $5.20. The company said its guidance reflects a view of global economic trends, including ongoing headwinds from currency exchange rate fluctuations, a competitive holiday season, and a full-year effective tax rate that is expected to range between 31%-33%.
For the 14-week period ending Jan. 31, 2014, Walmart U.S. expects comp store sales to be relatively flat. Last year, Walmart’s comp sales rose 0.3% for the comparable period. Sam’s Club expects comp sales, excluding fuel, for the 14-week period ending Jan. 31, 2014 to range between flat and 2%. Last year comp sales, excluding fuel, increased 1.8% for the comparable period.
What To Do Now?
Those in the stock may continue to hold and consider adding on a dip into the buy zone.
Those not in the stock may wait for a dip into the buy zone to initiate a position.