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TOPIC: Wal-Mart $WMT Reports Earnings Thursday: Investors

Wal-Mart $WMT Reports Earnings Thursday: Investors 2 years 6 months ago #11217

  • inthemoneystocks
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Retail has been ugly. Stocks like J.C. Penney (JCP) that were already trading at multi-year lows fell sharply on earnings. In comes Wal-Mart Stores Inc (NYSE:WMT), trading near 52 weeks highs and reporting Thursday. Is Wal-Mart Stores Inc different? The bottom line is this. At 52 week highs, Wal-Mart Stores poses a ton of risk for an investor holding into earnings. They somehow must have a stellar retail quarter, avoiding all the havoc that every other retail company is facing. In addition, there is a trend line on the daily stock chart that shows Wal-Mart is into major resistance. This adds credence to being extremely careful and even bearish on Wal-Mart Stores going into earnings.

Gareth Soloway
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