OptionsPlay DailyPlay

The bullish DailyPlay for Tuesday, December 8th is Walmart Inc (WMT). WMT has experienced a 4.9% gain over the past month as price has pulled back in a bullish trend. 

Fundamental View

  • Robust e-Commerce growth driven by expanded grocery delivery services and Walmart+ subscription service. 
  • $14.3B in cash provides strong thesis for continued dividend payment increases and share buybacks.
  • Earnings: Feb 18 (72 Days)

Technical View

  • Pullback to $147.50 providing a good entry for a long exposure
  • Bullish 6M trend
  • Strong relative strength, technical score (7 out of 10)