Walmart NYSE: WMT Stock Weekly Chart
Let’s take a look at Walmart’s stock price (and chart), which rallied last week to nearly $113.
The company reported earnings per share of $1.27 and total revenue of $130.4 billion, above analyst estimates of $1.22 and $130.1 billion.
Based on its market cycles, our view is that WMT is in the rising phase of its current cycle.
We think there is potential in the intermediate term for the stock to rise to new highs in the coming weeks.
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.