Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The world’s largest retailer Walmart Inc (NYSE:WMT) moved 10 percent higher Thursday morning after posting second earnings that beat analyst estimates. The company reported earnings per share of $1.29 and total revenue of $128 billion, above Wall Street expectations of $1.22 and $126 billion, respectively. Walmart also raised fiscal year guidance from $4.75-5.00 to $4.90-5.05, as well as estimates for total sales and same store sales.
“We had a great quarter with strong results across the business. We're aggressively rolling out grocery pickup and delivery in the U.S., and recently announced omni-channel initiatives in China and Mexico,” explained CEO Doug McMillon.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
In analyzing the market cycles for Walmart, we can see that it is still in the rising phase of its current cycle. It gapped through our intermediate resistance and now looks much healthier, after the previous cycle turned out somewhat bearish. Our near-term projection is $104, which is marked by the 76.8% Fibonacci retracement.
Walmart Stock Chart with Weekly Bars
Related Links:
Care Package: Walmart Results, China Trade Talks Might Help Lift Spirits
Walmart Faces $50k Fine For Allowing Truck Parking At Illinois Store
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.