Or is it? That'll be the big question that gets answered tomorrow. Will consumers cut back on discretionary spending? Will the recent warnings from Amazon and FedEx come back to bite Walmart? If so, the downward move could be severe. After all, Wall Street does not like the idea of profit-squeezing promotions and discounts going into the holiday shopping season - but that might be the only move WMT has in its bag of tricks in order to get through the holidays with its head above the inflationary waters. Then again... Expectations are low. Very low. So, even if WMT reports a weak number... as long as it's better than expectations, maybe you could see a big relief rally. Hmmmm. Given this setup, how should you play it? YOUR ACTION PLAN No matter what happens tomorrow morning, one thing is clear... Walmart is set for a big potential earnings move in either direction, which could have a lingering impact on all of the major retailers reporting earnings this week - including names like Home Depot, Lowe's, Target, Macy's and Kohl's. With the very real possibility of a big move in either direction, this sets up perfectly for the "Overnight Trade" strategy that we use inside The War Room. If you're interested in playing these overnight earnings trades, we invite you to explore The War Room and see if our live trading community is a fit for you. Better yet, you can sign up for a free introductory seminar with my partner, Karim - he'll walk you through his top-performing trading method. The free demo happens this Thursday, and since you're a Trade of the Day member, your ticket is entirely free! To sign up, just click HERE. (By submitting your email address, you will receive free updates for the Insider's Code event and offers from us and our affiliates that we think might interest you. You can unsubscribe at any time. Privacy Policy.) |
No comments:
Post a Comment