Stock price has consolidated in anticipation of financial data.The stock could break out of this consolidation in the coming days, driven by the company's first-quarter 2024 results, scheduled for release tomorrow before the opening bell.
Simultaneously, Walmart's management is targeting more affluent consumers by prominently displaying higher-quality, higher-priced items and launching its premium grocery brand, Bettergoods. Walmart is also focusing on electronic sales, which are growing by 17% annually, by expanding its digital fulfillment centers and launching early morning delivery services. It faces significant competition from Target in this segment.
The opposite scenario implies an attack at the previous ATH, targeting at least the $65 per share area.Search for the best stocks based on your expectations, taking into account hundreds of financial metrics.not to mention those we plan to add in the near future.The author does not own any of these shares. This content, which is prepared for purely educational purposes, cannot be considered as investment advice.
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