• support@capitalstreetfx.in     0124.400.4440

About Us

Capital Street Inter markets Limited is a Global Business Company (GBC1) incorporated and regulated by the Financial Services Commission, Mauritius. It is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer....

Contact Info

  • 9th Floor, Ebene Tower, 52 Cybercity Ebene, Republic of Mauritius

  • +1-949-335-4314

  • support@capitalstreetfx.in

  • Sunday: Closed

Wal-Mart Wins Broad-Based Victory – Long Positions Suggested on Rising Earnings Forecast - Capital Street FX

    • Home
    • Trade Ideas
    • Wal-Mart Wins Broad-Based Victory – Long Positions Suggested on Rising Earnings Forecast
19-Aug
09:31 IST

Wal-Mart Stores Inc. recorded big gains in both traditional brick and mortar stores and its e-commerce sales in the second quarter. The discount retailing giant reported earnings of $3.77 billion, or $1.21 a share, up from $3.48 billion profit, or $1.08 a share in the same quarter last year. Adjusted earnings which excludes the gains from the sale of its Yihaodian website in China, came in at $1.07 a share, beating the consensus estimate of $1.02.

While other rivals have to struggle with attracting foot-fall, Wal-Mart’s same-store sales rose 1.6% with traffic rising 1.2%. On the global e-commerce sales side, the company witnessed a 11.8% increase on a quarter-over-quarter basis. Boosted by current results and future projections, Wal-Mart confidently increased its full year adjusted EPS forecast to between $4.15 and $4.35, from prior expectations of $4.00 to $4.30, topping analyst forecasts of $4.27 EPS.

Trade suggestion

Buy Stop at 74.20, take profit at 75.20, stop loss at 73.75

Leave a Reply

Your email address will not be published. Required fields are marked *