WMT 0.00%↑ sold off last week, presumably on the Ozempic nonsense that I kept seeing. It briefly tested the 200 day before recovering, and did somewhat of the same in yesterdays session.
I like it as long as it remains above its rising 200 day. It may just chop here until earnings are released on 11/16, but despite what the journalists were writing about last week, I wouldn’t be surprised in the least if there’s a positive reaction post earnings. The company has become a logistics/delivery machine in the past few years, and if baskets are indeed shrinking, I would expect they have a chance to take share from the Costco’s of the world (we already know high end consumers have shifted spend to Walmart).
