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.
December 22, 2020
TOP 5 STOCKS TO WATCHOUT :
1. #LG : - South Korea-based LG Electronics Inc said on Wednesday it has agreed to set up a $1 billion joint venture with automotive supplier Magna International Inc.
The JV, tentatively called LG Magna e-Powertrain, will manufacture e-motors, inverters, and onboard chargers, according to LG Electronics.
2. #WALMART -The U.S. Justice Department sued Walmart Inc on Tuesday, accusing the world's biggest retailer of fueling the opioid crisis in the United States, ignoring warning signs from its pharmacists and filling thousands of invalid prescriptions.
In a civil lawsuit in U.S. District Court in Delaware, the government said Walmart failed to take its gatekeeping duties as a pharmacy seriously, allegations the company rejected.
Walmart, whose shares closed down 1.2% following the news, said in a statement that the "Justice Department’s investigation is tainted by historical ethics violations, and this lawsuit invents a legal theory that unlawfully forces pharmacists to come between patients and their doctors, and is riddled with factual inaccuracies."
3. #KROGER:-After a strong year driven by increased shopping during the pandemic, Kroger's (KR) stock has fallen 30% in the past three months. Does this make the stock a Buy? Read more to find out whether you should consider adding this to your portfolio.
Kroger (KR) has been sliding since hitting $36.60 on September 1. The stock is now down to $30.79, the same level it traded at in early April. Investors have clearly taken some of their profits off the table. Let's take a look at whether KR is worthy of your investing dollars.
4. #ARAMCO:-Saudi Aramco Development Co, a subsidiary of Aramco, has teamed up with Google Cloud to offer cloud services to customers in Saudi Arabia, Aramco said on Monday.
Saudi Arabia, under its Vision 2030 reform plans, has encouraged foreign investment particularly in the technology sector and courted Silicon Valley players.
Aramco said Saudi Arabia is being added to the global network of Google Cloud Platform regions, as part of a strategic alliance agreement signed between the company and Google Cloud this month.
Google Cloud will establish and operate a new cloud region in Saudi Arabia, while a new company will be formed after required regulatory clearances to supply cloud solutions and services to customers, Aramco said.
5. #MICROSOFT CORP:-Microsoft Corp is working on in-house processors for the servers running its cloud-computing services and Surface line of personal computers, potentially cutting its reliance on Intel Corp, a person familiar with the matter told Reuters.
The chips would use technology from Arm Ltd, the person said, which is in the midst of being acquired by Nvidia Corp for $40 billion.
Microsoft relies heavily on Intel and Advanced Micro Devices Inc to supply the chips for its Azure cloud computing services as well as its Surface PCs.
1. #LG : - South Korea-based LG Electronics Inc said on Wednesday it has agreed to set up a $1 billion joint venture with automotive supplier Magna International Inc.
The JV, tentatively called LG Magna e-Powertrain, will manufacture e-motors, inverters, and onboard chargers, according to LG Electronics.
2. #WALMART -The U.S. Justice Department sued Walmart Inc on Tuesday, accusing the world's biggest retailer of fueling the opioid crisis in the United States, ignoring warning signs from its pharmacists and filling thousands of invalid prescriptions.
In a civil lawsuit in U.S. District Court in Delaware, the government said Walmart failed to take its gatekeeping duties as a pharmacy seriously, allegations the company rejected.
Walmart, whose shares closed down 1.2% following the news, said in a statement that the "Justice Department’s investigation is tainted by historical ethics violations, and this lawsuit invents a legal theory that unlawfully forces pharmacists to come between patients and their doctors, and is riddled with factual inaccuracies."
3. #KROGER:-After a strong year driven by increased shopping during the pandemic, Kroger's (KR) stock has fallen 30% in the past three months. Does this make the stock a Buy? Read more to find out whether you should consider adding this to your portfolio.
Kroger (KR) has been sliding since hitting $36.60 on September 1. The stock is now down to $30.79, the same level it traded at in early April. Investors have clearly taken some of their profits off the table. Let's take a look at whether KR is worthy of your investing dollars.
4. #ARAMCO:-Saudi Aramco Development Co, a subsidiary of Aramco, has teamed up with Google Cloud to offer cloud services to customers in Saudi Arabia, Aramco said on Monday.
Saudi Arabia, under its Vision 2030 reform plans, has encouraged foreign investment particularly in the technology sector and courted Silicon Valley players.
Aramco said Saudi Arabia is being added to the global network of Google Cloud Platform regions, as part of a strategic alliance agreement signed between the company and Google Cloud this month.
Google Cloud will establish and operate a new cloud region in Saudi Arabia, while a new company will be formed after required regulatory clearances to supply cloud solutions and services to customers, Aramco said.
5. #MICROSOFT CORP:-Microsoft Corp is working on in-house processors for the servers running its cloud-computing services and Surface line of personal computers, potentially cutting its reliance on Intel Corp, a person familiar with the matter told Reuters.
The chips would use technology from Arm Ltd, the person said, which is in the midst of being acquired by Nvidia Corp for $40 billion.
Microsoft relies heavily on Intel and Advanced Micro Devices Inc to supply the chips for its Azure cloud computing services as well as its Surface PCs.
December 23, 2020
TOP 5 STOCKS TO WATCHOUT:-
1.#BYTE DANCE - TikTok owner ByteDance is working on a Clubhouse-like app for China, sources familiar with the matter said, as the global success of the U.S.-based audio chat service inspires a rush of copycats in the country.
At least a dozen similar apps have been launched in the past month, with momentum picking up after Clubhouse was blocked in China in early February. Clubhouse had seen a surge in users who participated in discussions on sensitive topics such as Xinjiang detention camps and Hong Kong independence.
New offerings include Xiaomi Corp's reworking of its Mi Talk app into an invitation-only audio service targeted at professionals last week. More are currently under development, industry executives say.
ByteDance's plans are still in the early stages, said two sources who were not authorised to speak to media and declined to be identified.
Discussions about TikTok and ByteDance on Clubhouse had prompted interest in the genre from ByteDance executives including CEO Zhang Yiming, said one of the sources.
ByteDance declined to comment.
The success of Clubhouse, which can host up to 8,000 people per chat room and has seen a discussion between Tesla Inc Chief Executive Elon Musk and Robinhood CEO Vlad Tenev boost user numbers, has rammed home the potential of audio chat services.
But similar apps in China are expected to take on Chinese characteristics that will accommodate censorship and government oversight.
One such example is Nasdaq-listed Lizhi Inc's Zhiya app which was launched in 2013 and whose users usually talk about video games or sing songs.
The app requires real name registration, a trait Lizhi CEO Marco Lai says is key in China. The company also employs staff to listen to conversations in every room and deploys artificial intelligence tools to weed out "unwanted" content, such as pornography or politically sensitive issues.
The app was briefly taken down by Chinese regulators in 2019, but reinstated after Lizhi made rectifications.
2. #WALMART:-Walmart Inc-owned Indian e-commerce company Flipkart is looking at going public in the United States through a merger with a blank-check company, Bloomberg News reported on Thursday, citing people familiar with the matter.
Flipkart has reached out to several special purpose acquisition companies (SPACs) and could seek a valuation of at least $35 billion in a blank-check deal, the report Both Flipkart and Walmart did not immediately respond to Reuters requests for comment.
Reuters reported in September that Bengaluru-based Flipkart, which vies with players such as Amazon.com's local unit and India's Reliance Industries, was preparing for an initial public offering overseas as early as 2021.
3. #ZOOM :--Zoom Video Communications Inc said it had recovered from an outage where some users were unable to join meetings on the video-conferencing platform on Wednesday.
The company's status page said all systems were operational.
Zoom said the glitch was likely due to a localized internet service issue.
The platform has seen a meteoric rise in users, thanks to remote work and online learning against the backdrop of stay-at-home orders.
Outage tracking website Downdetector.com showed nearly 2,000 incidents of people reporting issues with Zoom at its peak at 9 a.m. ET.
Separately, telecom operator Verizon Communication Inc S internet services were also affected earlier, with nearly 5,400 users registering complaints at 10 a.m. ET, according to Downdetector.
Verizon said it had since resolved the issue. "Earlier today there was an issue impacting internet routing for some of our customers. The issue has since been resolved," a spokesperson for the telecom operator said.
In January, thousands of users across the U.S. East Coast faced widespread internet outage from providers including Verizon, which disrupted services offered by Google, Amazon, Zoom, Slack and other technology firms.
1.#BYTE DANCE - TikTok owner ByteDance is working on a Clubhouse-like app for China, sources familiar with the matter said, as the global success of the U.S.-based audio chat service inspires a rush of copycats in the country.
At least a dozen similar apps have been launched in the past month, with momentum picking up after Clubhouse was blocked in China in early February. Clubhouse had seen a surge in users who participated in discussions on sensitive topics such as Xinjiang detention camps and Hong Kong independence.
New offerings include Xiaomi Corp's reworking of its Mi Talk app into an invitation-only audio service targeted at professionals last week. More are currently under development, industry executives say.
ByteDance's plans are still in the early stages, said two sources who were not authorised to speak to media and declined to be identified.
Discussions about TikTok and ByteDance on Clubhouse had prompted interest in the genre from ByteDance executives including CEO Zhang Yiming, said one of the sources.
ByteDance declined to comment.
The success of Clubhouse, which can host up to 8,000 people per chat room and has seen a discussion between Tesla Inc Chief Executive Elon Musk and Robinhood CEO Vlad Tenev boost user numbers, has rammed home the potential of audio chat services.
But similar apps in China are expected to take on Chinese characteristics that will accommodate censorship and government oversight.
One such example is Nasdaq-listed Lizhi Inc's Zhiya app which was launched in 2013 and whose users usually talk about video games or sing songs.
The app requires real name registration, a trait Lizhi CEO Marco Lai says is key in China. The company also employs staff to listen to conversations in every room and deploys artificial intelligence tools to weed out "unwanted" content, such as pornography or politically sensitive issues.
The app was briefly taken down by Chinese regulators in 2019, but reinstated after Lizhi made rectifications.
2. #WALMART:-Walmart Inc-owned Indian e-commerce company Flipkart is looking at going public in the United States through a merger with a blank-check company, Bloomberg News reported on Thursday, citing people familiar with the matter.
Flipkart has reached out to several special purpose acquisition companies (SPACs) and could seek a valuation of at least $35 billion in a blank-check deal, the report Both Flipkart and Walmart did not immediately respond to Reuters requests for comment.
Reuters reported in September that Bengaluru-based Flipkart, which vies with players such as Amazon.com's local unit and India's Reliance Industries, was preparing for an initial public offering overseas as early as 2021.
3. #ZOOM :--Zoom Video Communications Inc said it had recovered from an outage where some users were unable to join meetings on the video-conferencing platform on Wednesday.
The company's status page said all systems were operational.
Zoom said the glitch was likely due to a localized internet service issue.
The platform has seen a meteoric rise in users, thanks to remote work and online learning against the backdrop of stay-at-home orders.
Outage tracking website Downdetector.com showed nearly 2,000 incidents of people reporting issues with Zoom at its peak at 9 a.m. ET.
Separately, telecom operator Verizon Communication Inc S internet services were also affected earlier, with nearly 5,400 users registering complaints at 10 a.m. ET, according to Downdetector.
Verizon said it had since resolved the issue. "Earlier today there was an issue impacting internet routing for some of our customers. The issue has since been resolved," a spokesperson for the telecom operator said.
In January, thousands of users across the U.S. East Coast faced widespread internet outage from providers including Verizon, which disrupted services offered by Google, Amazon, Zoom, Slack and other technology firms.
March 4, 2021
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it. TRADE SIGNAL AS ON 08-04-2021
#NZDJPY
BUY=77.1180
TARGET=77.3513
SL=76.8866
#SILVER
BUY=25.239
TARGET=25.528
SL=25.024
#WALMART STORES
BUY=139.78
TARGET=140.85
SL=138.97
#ETHEREUM
BUY=2012.20
TARGET=2029.76
SL=1995.17
#NIKKEI 225
SELL=29676
TARGET=29490
SL=29846
#NZDJPY
BUY=77.1180
TARGET=77.3513
SL=76.8866
#SILVER
BUY=25.239
TARGET=25.528
SL=25.024
#WALMART STORES
BUY=139.78
TARGET=140.85
SL=138.97
#ETHEREUM
BUY=2012.20
TARGET=2029.76
SL=1995.17
#NIKKEI 225
SELL=29676
TARGET=29490
SL=29846
April 8, 2021