Walmart (WMT, $136.42) to hire 20,000 to meet holiday season demand

Walmart  plans to hire 20,000 workers in the face of  an expected increase in online demand this holiday season.

The retail behemoth said that job applicants are expected to start immediately. The hired workers will pack and ship online orders at Walmart’s e-commerce fulfillment centers . Pay will range from $15.75 to $23.75 an hour.

Walmart has hired over 500,000 workers since March.

The company said it will offer more shopping online, to  prevent overcrowding at its stores amid COVID-19 pandemic.

Tickeron's analysis shows: 

WMT sees its Stochastic Oscillator ascending out of oversold territory

On September 23, 2020, the Stochastic Indicator for WMT moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 51 instances where the indicator left the oversold zone. In 33 of the 51 cases the stock moved higher in the following days. This puts the odds of a move higher at over 65%.

Current price $136.46 is above $130.19 the highest resistance line found by A.I. Throughout the month of 08/24/20 - 09/24/20, the price experienced a +4% Uptrend. During the week of 09/17/20 - 09/24/20, the stock enjoyed a +0.01% Uptrend growth.

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a +2.23% 3-day Advance, the price is estimated to grow further. Considering data from situations where WMT advanced for three days, in 173 of 336 cases, the price rose further within the following month. The odds of a continued upward trend are 51%.

The Aroon Indicator entered an Uptrend today. In 135 of 315 cases where WMT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 43%.

Bearish Trend Analysis

The 10-day RSI Indicator for WMT moved out of overbought territory on September 03, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 similar instances where the indicator moved out of overbought territory. In 10 of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at 23%.

The Momentum Indicator moved below the 0 level on September 14, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on WMT as a result. In 28 of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 30%.

The Moving Average Convergence Divergence Histogram (MACD) for WMT turned negative on September 10, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 16 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 31%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 31%.

WMT broke above its upper Bollinger Band on September 01, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 69%. During the last month, the daily ratio of advancing to declining volumes was 1.88 to 1.

The Tickeron Profit vs. Risk Rating rating for this company is 3 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.

The Tickeron Valuation Rating of 29 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: WMT's P/B Ratio (5.14) is slightly higher than the industry average of (2.33). P/E Ratio (21.79) is within average values for comparable stocks, (40.48). Projected Growth (PEG Ratio) (0.50) is also within normal values, averaging (0.59). Dividend Yield (1.85) settles around the average of (1.13) among similar stocks. P/S Ratio (0.68) is also within normal values, averaging (0.46).

The Tickeron SMR rating for this company is 35 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is 39 (best 1 - 100 worst), indicating steady price growth. WMT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is 74 (best 1 - 100 worst), pointing to slightly better than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.