Walmart Inc. (WMT) article

Walmart helps people save money and live better. Walmart International delivers on this promise by bringing value and convenience to millions of customers in 23 countries outside the U.S. Walmart strategy is to build strong local businesses that are powered by Walmart-while at the same time generating growth for the company and partners, and making a positive impact on our stakeholders.

Is WMT a good pick?

Total revenue grew by about 4% to $140.53 billion from $134.7 billion a year earlier, exceeding Wall Street’s expectations of $135.60 billion.

● Earnings per share: $1.45 adjusted vs. $1.40 expected

● Walmart’s same-store sales in the U.S. rose by 9.2%, excluding fuel, higher than the 6.9% expected by a StreetAccount survey. ● Walmart’s e-commerce sales in the U.S. increased 8% versus the year-ago quarter or 87% on a two-year basis.

Technical analysis

From June 18, 2021 to August 18, 2021, the share price rose 13.4%, mainly due to Covid restrictions, which were disappearing, and increased retail sales. From August 18, 2021 to October 18, 2021, the share price fell by 11.5% due to inflation and the Evergrande crisis. On October 5, 2021 we can see a great recovery due to an agreement between the US and China to have a virtual summit, economic recovery and good earnings reports from Dow Jones reaching a share price of $152.00. WMT is currently priced at $144.78. Based on current technical indicators, the share price could increase by 3% to 5%.

Lic. Iván Vizcarra

Guía traders analyst