A new week will be interesting as we await Central Banks Meetings, more earnings reports, and NFP. Let's review the main headlines for this Monday as we prepare for volatile days ahead!
Walmart reported strong earnings. Should you buy it now?
Walmart, the giant retail shop in the USA, has published better-than-expected earnings results for the first quarter of 2021. Earnings per share came out $1.69, while the forecast was $1.21, revenue surpassed expectations as well: $138.3 billion vs the anticipated $132.21 billion. Besides, the company revealed strong grocery sales and e-commerce growth and upgraded its outlook for the year. Seems everything perfect! Walmart's Chief Financial Officer claimed that the company is experiencing “pent-up demand” and forecasts it to continue.
Walmart is likely to surge above the $140 resistance due to the encouraging earnings data. This breakout will drive the stock price further up to the high of May 3 at $143.00. Support levels are at the low of May 13 at $135.80 and the low of March 24 at $133.00.
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Bloomberg says yesterday’s movement was so far the wildest. It was the first time in history for the US500 to crash by 2% and close the day 2.8% above the neutral line. There’re several possible reasons for the move.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Hello, dear traders! We hope you have a great day! Let’s see what news is worth following today! Market closing US stock exchanges will be closed due to the Thanksgiving holiday…
Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.