* WMT has OutPerform SPX by 4.4% YTD but has Outperformed XRT by 11.7% YTD,
* WMT is trading with a 15% premium compare to its 3y average PE (17.25 vs 14.93)
* Analyst consensus : Buy 30% Hold 60% Sell 10%
* Consensus 12M PT : 75.52 (Range 60 / 90)
* Bullish analysts are positive on capacity of the company to take some mkt share in the eCommerce and leverage its 3500 US supercenter to develop this strategy. Bricks & Mortar Suffering in the US but WMT is performing well on big hopes on eCommerce dev., AMZN is a big competitor and very agressive.
* I personally think that risk reward on this level is more on the downside as we are not so far from high of the range
* A short look quiet interesting for me if we look at the chart - I will sell here
- A gap open since june 2015 has been filled on the last few days
- Stock is testing a long term resistance
- Bigger correction will be validate if we break the 74.40 levels
- Stop is 76.35/77.40
- I will take profit between 71.8175 / 70.11 for a qucik trade but I see support much lower ( 67.5 / 66.23 / 63.10)
find attached one for the more bullish note with a $90 PT
Laurent