WMT is preparing to report earnings on Aug 13, 2009; we are looking for price target of $50 per share before they announce them. Caution and carefully, markets have been acting out of character. 5-day chart is showing that the security is under the MA's and the Stoch, RSI are also in a downside trend. Will the markets pop up is security? We will see. December WMT Options at the $50 per share strike with a Volatility of (monthly - 1.41%) and (weekly - 1.36%) for the overall security.
Last Analyst: 10-Mar-09 Downgrade Citigroup Buy → Hold $53 → $48
(4 x 350 = $1,400) - d.53
Total = $2,348.00 less commission.
The focus will also be on the Federal Reserve, which will release a statement on Wednesday afternoon at the end of its two-day interest rate-setting meeting. The central bank is expected to hold rates near zero . . .
The government's July retail sales data as well as quarterly scorecards from major retailers, including Wal-Mart Stores Inc (WMT.N), J.C. Penney (JCP.N) and Macy's (M.N), will give a snapshot of the industry and how consumer spending is faring in the recession. So far, consumers have tightened their belts and shopped mostly for just the bare necessities as worries about job security take precedence
