The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
Walmart Will Present Earnings On February 17
2022-12-15 • Updated
What will happen?
Walmart, an American multinational retail corporation, will present its earnings report for the fourth quarter on February 17 before the stock market opens (16:30 GMT+2). In addition, Walmart’s management will hold a live question and answer webcast at 15.00 MT, February 17, to discuss its financial and business results.
Why is it important?
Walmart passed the Covid era without any business damage. The company sells the essential items that consumers will purchase regardless of the economic situation. Therefore, Walmart looks like a good stock to buy even in conditions of rising inflation.
In 2021, the company made a great success in developing its multichannel business. That was an essential move, and Walmart managed to provide Amazon with true competition.
If we look at the financials, both revenue and earnings are up year-over-year. Moreover, with inflation likely to remain at historically high levels, the retail sales sector looks like the best place for investing.
Also, Walmart has increased dividends for 48 years, and everything tells this trend will continue.
All these facts increase Walmart’s attractiveness to investors all around the globe, and a better-than-expected Q4 earnings report might send its stock to new highs.
Walmart, daily chart
The stock is trading right above $133, a 23.6 Fibonacci level. As we can notice, the bullish divergence occurred on the RSI chart. We expect the price will reach $143 within a couple of days after a better-than-expected report.
On the other hand, if the report is worse-than-expected, the price might drop to $127. However, $127 is the key support for this stock, so we highly doubt it might break through it. That’s why you might also place some buy orders at this level.
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Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
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