This is a very easy long. Walmart (
WMT) like Dominoes (
DPZ) did not experience any major dump when the markets crashed and it was one of the first to rally. WMT was sold off and money flowed out of WMT into stocks that were crushed in May and June, WMT consequently dropped below $120. It snapped back above $120 on the announcement of Walmart plus and retested above $130 and FOMO buying came aboard. After a bit of correction, it is expected to break out of its previous top and make new highs on strong earnings. There was no post dividend dump. $140 is an easily reachable target post earnings.
WMT) like Dominoes (DPZ) did not experience any major dump when the markets crashed and it was one of the first to rally. WMT was sold off and money flowed out of WMT into stocks that were crushed in May and June, WMT consequently dropped below $120. It snapped back above $120 on the announcement of Walmart plus and retested above $130 and FOMO buying came aboard. After a bit of correction, it is expected to break out of its previous top and make new highs on strong earnings. There was no post dividend dump. $140 is an easily reachable target post earnings.
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