On this seasick green day, the only red on my screen is my retail shorts. You’ve seen recently how Target (TGT) and Walmart (WMT) got zapped. They aren’t alone. Check these out, including my live positions COST, DG, and DLTR:
The Bastion of Retail
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Three For The Road
After I wrote the other day about Walmart’s weak chart, it shot higher, up about 14% for the year. Dummy me hadn’t even checked their earnings date when I wrote the piece.
After Walmart’s earnings report this morning, Investopedia wrote that “all 12 of the analysts tracked by Visible Alpha with recent assessments recommend buying shares.” If they liked shares at $102, I imagine they like them even better now around 98.
Walmart’s earnings didn’t meet analyst earnings projections of $0.73, and instead were $0.68. Gee, a $0.05 difference and the stock price slides. (Recall at their prior earnings report in February that WMT said to expect lower earnings.)
(more…)Tuck-Friendly Failure
Long-time readers of Slope should have zero surprise that Target (TGT) is collapsing, which it is continuing to do this morning, now having lost about 60% (!!!!!!!!) of its peak value. I wrote about this company two years ago as well as nine months ago, and my criticisms were, umm, on target.
WallyWorld Revisted
Walmart. Sam Walton opened the first store in 1962 in Bentonville, Arkansas, and the company has done nothing but grow since. Despite that success, Walmart’s stock does not always go up.
With the uncertainty of the effect of tariffs placed on imports from China, in their earnings report of February 20, 2025 Walmart acknowledged that earnings for 2025 would be below expectations.
On 3Mar25 I did a post on Walmart reflecting that its chart looked vulnerable to downside risk. As it turned out, it was a timely post, price dropping the next trading day and ending a month later at the year’s low. In the daily chart below, the purple highlight on the left marks the date of that post. Note where the Ichimoku Cloud is (green & red dotted horizontals).
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