Is Walmart a Buy on Any Earnings dip?

Walmart Inc. is a major American multinational retail corporation headquartered in Bentonville, Arkansas. Established in 1962 by brothers Sam and James “Bud” Walton, the company operates a variety of retail formats including hypermarkets, discount department stores, and grocery stores. Additionally, it owns and manages Sam’s Club retail warehouses. With a presence in 24 countries, Walmart operates over 10,500 stores and clubs worldwide under various names such as Walmart, Walmart de México y Centroamérica, and Flipkart Wholesale.

Walmart is announcing its earnings on Thursday before the open. Seasonally Walmart has had a weak period from May 16 through to June 30th over the last 15 years with a fall in the share price 60% of the time. The average return has been -1.59% and the largest fall has been nearly 18% in 2022.

That seasonal pattern then changes rom July 01 through to August 16 where there is an 80% winning trade percentage and an average return of 5.30%.

Technically, Walmart has some strong support around $58 with the rising window potentially positioned to provide support on any dips.

Giles Coghlan, CMT is a seasoned financial writer specialising in macro outlooks and key technical trading strategies

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The major trade risk here is that prior seasonal patterns do not necessarily repeat themselves each year.

Remember, don’t just trade it Seasonax It!