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.
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where WMT advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for WMT just turned positive on November 19, 2024. Looking at past instances where WMT's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 375 cases where WMT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 of 62 cases within the following month. The odds of a continued downward trend are .
WMT broke above its upper Bollinger Band on November 19, 2024. 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.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 59, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (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 (best 1 - 100 worst), indicating 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (8.696) is normal, around the industry mean (7.990). P/E Ratio (39.326) is within average values for comparable stocks, (40.766). Projected Growth (PEG Ratio) (2.865) is also within normal values, averaging (2.765). Dividend Yield (0.009) settles around the average of (0.021) among similar stocks. P/S Ratio (1.144) is also within normal values, averaging (1.273).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a retail discount department store
Industry DiscountStores