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Walmart Inc. Growth after the Publication of the Q3 Financial Report

11/29/2022 2:30 PM

Shares of Walmart Inc., the US company that operates the world's largest wholesale and retail chain, are at 153.00.

Quotes are rising after the publication of a positive report for the third quarter: sales of the network in the United States grew by 8.3%, while positive dynamics in the e-commerce category amounted to 16.0%. The corporation's net sales reached 25.3B dollars, up 7.1% from the previous quarter, while consolidated operating income rose 3.9% to 6.0B dollars. GAAP adjusted earnings per share are 1.50 dollars, better than 1.32 dollars, and revenue is 152.8B dollars, in line with a strong prior quarter.

The next dividend payment date consolidates for January 3, 2023, and the registry closes for a 0.56 dollars per share payout on December 8, with a potential yield of 1.46%.

In general, the company's shares have high growth prospects, as the traditional period of sales, such as Black Friday and Cyber ​​Monday, has started in the US, traditionally bringing high profits to retailers.

On the daily chart, the trading instrument is moving within the local ascending corridor, reaching global spring highs.

Technical indicators maintain a stable buy signal: the AO oscillator histogram is well above the transition level, and fast EMAs on the Alligator indicator are above the signal line, expanding the range of fluctuations.

Resistance levels: 154.60, 160.00. | Support levels: 151.00, 145.40.

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