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Personal areaWalmart will report its earnings for the fourth quarter.
The report will be out this Thursday before the markets open at 14.00 MT time (GMT+2). Note that the stock trading is available from 16:30 MT time.
The world's biggest retailer is expected to report earnings of $1.51 a share. Investors widely expect Walmart to exceed expectations due to the huge sales during the holiday period and the company’s progress in e-commerce. The earnings result will prove whether Walmart can keep race with such e-commerce giants like Amazon or not.
Walmart has been dipping since November, but hopefully, better-than-expected earnings results will help the stock to escape the current descending channel. The break above the high of February 9 at $.146.50 will drive the stock to the high of January 12 at $150.00. Support levels are $143.00 and $139.00.
