Chart Of The Day: Walmart - Still A Bargain -

Chart Of The Day: Walmart – Still A Bargain

Oct 25, 2023Jeremy ParkinsonFinance0

The Chart of the Day belongs to discount retailer Walmart (WMT) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. WMT Price vs Daily Moving AveragesWalmart Inc. engages in the operation of retail, wholesale, and other units worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications. The company offers grocery and consumables, including dry grocery, snacks, dairy, meat, produce, bakery and deli, alcoholic and nonalcoholic beverages, floral, candy, and other grocery items, as well as dry, chilled, or frozen packaged foods; and health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items. It is also involved in the operation of gasoline stations; provision of tobacco; and health and wellness products covering pharmacy, optical and hearing services, and over-the-counter drugs and other medical products. In addition, the company offers home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses, and tire and battery centers; and consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Further, it operates digital payment platforms; and offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. Barchart Technical Indicators:

80% technical buy signals

15.50+ Weighted Alpha

17.10% gain in the last year

Trend Seeker buy signal

Above its 20, 50 and 100 day moving averages

2 new highs and up .55% in the last month

Relative Strength Index 58.66%

Technical support level at $161.93

Recently traded at $163.25 with 50 day moving average of $160.69

Fundamental Factors:

Market Cap $433 billion

P/E 24.35

Dividend yield 1.42%

Revenue expected to grow another 3.50% next year

Earning estimated to increase an additional 9.50% next year and continue to compound at an annual rate of 6.95% for the next 5 years

Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

Wall Street analyst gave 23 strong buy, 11 buy, 7 hold and 1 sell opinion on the stock

Analysts’ price targets are between $145 and $210 with a consensus of 178 for a 9% gain

The individual investors following the stock on Motley Fool voted 6,403 to 821 for the stock to beat the market with the more experienced investors voting 1,299 to 123 for the same result

Value Line rates it an above average 2 with a price target of $173 for a 5% gain

CFRAs MarketScope rates it 4 star buy with a price target of $175

311,370 investors monitor the stock on Seeking Alpha

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