MARKET OUTLOOK:-
#Walmart Launches Free Return Pickup Service Via FedEx; Street Is Bullish
#Walmart on Monday launched a new free return pickup service – Carrier Pickup by FedEx – in an effort to take the hassle out of holiday season gift returns.
By using the new service, Walmart’s customers will be able to schedule a return for products bought online. The service is available via the company’s website and its app.
Customers can select the pickup either from their home or they can choose the drop off at FedEx and then carry the package to any FedEx location. #Walmart’s Linne Fulcher said in a blog that the service would continue beyond the holiday season. Fulcher added, “The holidays are stressful enough. No matter how customers buy items we want the returns experience to be easy, safe, and seamless. We’re proud of the changes we’re making to take some of the stress – and those unwanted Christmas sweaters – off our customers’ backs.”
On Dec. 21, #RBC Capital analyst Scot Ciccarelli upgraded WMT stock to Buy from Hold and raised the price target to $170 (16.5% upside potential) from $153. Ciccarelli said that Walmart’s size, robust e-commerce channel, its ability to offer value to customers, and improving profitability in the US all support the bull call.
On the technical front# Walmart RSI stood at 43.945 the current price is trading Below the Moving Average 20 &50 . So, a Sell trade can be executed with following target and stop loss:
TRADE SIGNAL- Walmart– Sell : 146.20, TARGET:145.20, STOP LOSS:146.70.
#Walmart Launches Free Return Pickup Service Via FedEx; Street Is Bullish
#Walmart on Monday launched a new free return pickup service – Carrier Pickup by FedEx – in an effort to take the hassle out of holiday season gift returns.
By using the new service, Walmart’s customers will be able to schedule a return for products bought online. The service is available via the company’s website and its app.
Customers can select the pickup either from their home or they can choose the drop off at FedEx and then carry the package to any FedEx location. #Walmart’s Linne Fulcher said in a blog that the service would continue beyond the holiday season. Fulcher added, “The holidays are stressful enough. No matter how customers buy items we want the returns experience to be easy, safe, and seamless. We’re proud of the changes we’re making to take some of the stress – and those unwanted Christmas sweaters – off our customers’ backs.”
On Dec. 21, #RBC Capital analyst Scot Ciccarelli upgraded WMT stock to Buy from Hold and raised the price target to $170 (16.5% upside potential) from $153. Ciccarelli said that Walmart’s size, robust e-commerce channel, its ability to offer value to customers, and improving profitability in the US all support the bull call.
On the technical front# Walmart RSI stood at 43.945 the current price is trading Below the Moving Average 20 &50 . So, a Sell trade can be executed with following target and stop loss:
TRADE SIGNAL- Walmart– Sell : 146.20, TARGET:145.20, STOP LOSS:146.70.