TRENDING KEYWORDS
Walmart (WMT, $145.70) to begin driverless delivery testing next year
On Tuesday, Walmart announced that next year it will kick-start a new pilot of electric-powered self-driving cars with Cruise, that’s a majority-owned subsidiary of General Motors.
While the retail giant did not disclose terms of the deal, it did say that customers who live near the pilot in Scottsdale, Arizona can place an order from their local store and have it delivered by one of Cruise’s vehicles.
Tom Ward, senior vice president of customer product for Walmart U.S also mentioned that the electric car project will help Walmart achieve its goals of delivering items to customers quickly, and to reach the company’s target of zero emissions by 2040.
WMT in downward trend: price dove below 50-day moving average on May 11, 2022
WMT moved below its 50-day Moving Average on May 11, 2022 date and that indicates a change from an upward trend to a downward trend. In 18 of 45 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 40%.
Current price $148.28 crossed the resistance line at $150.22 and is trading between $150.22 resistance and $146.02 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -5% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -2%.
The 10-day RSI Indicator for WMT moved out of overbought territory on April 22, 2022. 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 47 similar instances where the indicator moved out of overbought territory. In 13 of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at 28%.
The Momentum Indicator moved below the 0 level on April 28, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on WMT as a result. In 28 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 32%.
The Moving Average Convergence Divergence Histogram (MACD) for WMT turned negative on April 25, 2022. 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 47 similar instances when the indicator turned negative. In 13 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 28%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WMT 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 34%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 50-day Moving Average for WMT moved above the 200-day moving average on April 13, 2022. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +0.54% 3-day Advance, the price is estimated to grow further. Considering data from situations where WMT advanced for three days, in 162 of 330 cases, the price rose further within the following month. The odds of a continued upward trend are 49%.
The Aroon Indicator entered an Uptrend today. In 134 of 298 cases where WMT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 45%.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 65%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.48.
The Tickeron Price Growth Rating for this company is 46 (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 Valuation Rating of 34 (best 1 - 100 worst) indicates that the company is fair valued 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: P/B Ratio (4.895) is normal, around the industry mean (66.892). P/E Ratio (30.395) is within average values for comparable stocks, (24.536). WMT's Projected Growth (PEG Ratio) (3.240) is slightly higher than the industry average of (2.163). Dividend Yield (0.015) settles around the average of (0.020) among similar stocks. P/S Ratio (0.725) is also within normal values, averaging (1.151).
The Tickeron PE Growth Rating for this company is 23 (best 1 - 100 worst), pointing to outstanding 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.
The Tickeron SMR rating for this company is 15 (best 1 - 100 worst), indicating very strong sales and a 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 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 54, placing this stock better than average.
Companies in the discount stores industry specialize in offering substantial discounts on a vast array of retail products. Some companies in this industry also operate general merchandise warehouse clubs. Products sold at discount stores are typically similar to those of any department store, but the pricing of the goods is generally much lower (and hence the name “discount”). Think Dollar General Corporation, Dollar Tree, Inc. and Five Below, Inc. Many discount stores target low-income households and/or price-sensitive consumers as their potential market. Discount stores’ profitability could hinge on factors like competitive pricing, sufficient locations, healthy revenue per square foot, and effective advertisement. These store operators could have an edge over other retailers during financial crises or recessions, when many consumers could be looking for less expensive alternatives.
The average market capitalization across the Discount Stores Industry is 55.7B. The market cap for tickers in the group ranges from 2.2M to 407.5B. WMT holds the highest valuation in this group at 407.5B. The lowest valued company is FRED at 2.2M.
The average weekly price growth across all stocks in the Discount Stores Industry was -0.28%. For the same Industry, the average monthly price growth was -9.37%, and the average quarterly price growth was -11.4%. BIG experienced the highest price growth at 8.1%, while TUEM experienced the biggest fall at -22.81%.
- 3/16/22 5:12 AM: Walmart (WMT, $145.78) was a top weekly gainer, with a +5.07% jump
The average weekly volume growth across all stocks in the Discount Stores Industry was -26.9%. For the same stocks of the Industry, the average monthly volume growth was -16.5% and the average quarterly volume growth was 1.02%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA50MA10 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 38%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.49.
7 stocks in the group of tickers exhibit a similar negative trend based on the 15 indicator with an average likelihood of 63%.
The most notable companies in this group are Walmart (NYSE:WMT), Kroger Co (The) (NYSE:KR).
The average market capitalization across the group is 43.1B. The market cap for tickers in the group ranges from 58M to 407.5B. WMT holds the highest valuation in this group at 407.5B. The lowest valued company is FAMI at 58M.
The average weekly price growth across all stocks in the group was 0.28%. For the same group, the average monthly price growth was -9.73%, and the average quarterly price growth was 8.49%. GO experienced the highest price growth at 11.41%, while FAMI experienced the biggest fall at -8.43%.
- 4/30/22 6:02 AM: Kroger Co (The) (KR, $53.96) was a top loser this week, declining -5.33%
- 4/28/22 6:02 AM: Albertsons Companies (ACI, $31.36) was a top loser this week, declining -5.45%
- 4/27/22 5:34 AM: Sprouts Farmers Market (SFM, $30.5) was a top loser this week, declining -6.47%. Expect a Downtrend continuation
The average weekly volume growth across all stocks in the group was -65.5%. For the same stocks of the group, the average monthly volume growth was -51.78% and the average quarterly volume growth was -59.47%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Latest blogs by Abhoy Sarkar
Top Blogs
