Walmart: The Retail Rock Star of 2024
In 2024, the Consumer Defensive arena is still a hot spot, and Walmart stands tall on that stage. Not much one-man show has slapped a “Sell” tag on the Blue‑Coat Giant, especially when you compare it to the Healthcare sector.
Why Walmart’s Winning combo works with inflation
- Moderate CPI bump at 0.3% means customers feel a little bit more buying power.
- Zero or negative inflation? That’s the “hold your breath” moment – shoppers might decide to wait for lower prices, pulling sales down.
- Keep inflation at just the right level, and you give consumers a ticket to spend without breaking the bank.
Walmart’s recent performance: a quick look
Currently, the stock sits at $59.83, a jump of about 15% in the last half‑year. The springboard? A strong Q4 2023 earnings release that came in February 2024.
- Revenue up 5.7% QoQ and 6% YoY.
- Adjusted EPS: $1.80.
- Operating income surged 32.2% YoY.
Peeking into 2024: what the gurus are saying
Rahul Nambiampurath, a TradingBiz analyst, has some fresh numbers for the first quarter:
- Sales should climb 3.5%.
- Adjusted EPS: $6.10 — a clear win over Q4 2023.
- Operating income up about 4%.
What this means for you
With Q4 2024 earnings on track, short‑term traders can expect a quick price lift of about 3%‑5% if the numbers keep up.
Bottom line: Walmart is still the go‑to safe bet for 2024.
Got a question? Drop a line or dive deeper into the numbers — just keep your eyes on the “Rockstar” signs!
Walmart (WMT) Technical Analysis
Walmart’s Wall‑Street Wobble
Rahul’s tech‑savvy take says Walmart’s daily price chart is dimming a bit—think of it as a gentle shift toward a rainier mood. The culprit? A RSI bearish divergence that’s the spreadsheet’s way of whispering, “Hold on, folks.”
What’s the Buzz About Q1?
- First‑quarter earnings could be “just okay,” not the blockbuster you were hoping for.
- If the numbers come in lukewarm, the market may give the bears a little nudge.
Key Support in the Crosshairs
Walmart’s big break‑through support sits at $58.58. If the bears manage to drag the price below that, the next slide could be a steep one—potentially all the way down to $56.
Feel the Pulse?
So, keep an eye on that earnings report; it’s the spark that might ignite the bearish frenzy. And if you’re watching the graphs, expect a bumpy ride—almost like a roller coaster for traders.
Walmart Stock Outlook – A Quick Take
We’ve got a fresh look at Walmart (WMT) from TradingView, and the signals are whispering a tale of potential upside. If the RSI, which’s been flirting with the yellow line and the 14‑period moving average, suddenly climbs past 60, that could throw a wrench into the current bearish vibe. In that scenario, we might see WMT jolt up to around $61.70 in the near term. And, fingers crossed, the Fibonacci retracement might even push it toward $65 eventually.
Trendy Technicals
- RSI Action: A dash over 60 may reverse the downtrend.
- Short‑Term Spike: Target of $61.70 if momentum kicks in.
- Long‑Term Aim: Fibonacci could lift the price to roughly $65.
Expert Opinions
Ivan Feinseth, an analyst at Tigress Financial, is on the same page as Rahul, giving WMT a “Buy” rating and nudging the price target to around $66.03. The consensus? No one is selling a call on the stock—just “Buy” and “Hold” vibes all around.
Why It Matters
For investors who want a quick snapshot of how Walmart might perform in the coming weeks and months, this snapshot shows optimism grounded in solid technical triggers and mainstream analyst support. It’s a nice reminder that the stock’s surroundings could see a cheer, not a curse.
Got a quick hang‑out with your portfolio? Consider keeping an eye on these signals—they might just be the spark you need to cheer on your Walmart holdings.
