WMT Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: Walmart's recent earnings beat indicates stronger consumer demand, particularly among wealthier shoppers. The upcoming holiday shopping season could further boost sales due to strategic discounts and promotions, enhancing market sentiment.




Bearish Case: Potential tariff impacts could drive up prices, challenging Walmart's everyday low-price model. Legal and safety issues may continue to harm its reputation, deterring customers and dampening sales, especially in a weak economy.




Potential Outcomes:

1. (50% probability): Strong Holiday sales lead to WMT price rebound.


2. (30% probability): Price hikes due to tariffs reduce customer spending.


3. (20% probability): Continued legal challenges dampen consumer trust.




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November 20, 2024


Walmart Forecast

WMT        Walmart











Correlated Assets

Assets that tend to move strongly with WMT



AUPH Forecast + Options Trading Strategies   AUPH  Aurinia Pharmaceuticals (0.87)


IJH Forecast + Options Trading Strategies   IJH  BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap (0.83)


PENN Forecast + Options Trading Strategies   PENN  Penn National Gaming (0.78)


DBX Forecast + Options Trading Strategies   DBX  Dropbox (0.76)


CHTR Forecast + Options Trading Strategies   CHTR  Charter Communications (0.72)



Uncorrelated Assets

Assets with little price relationship to WMT



DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (-0.0)


WPM Forecast + Options Trading Strategies   WPM  Wheaton Precious Metals (-0.0)


ACM Forecast + Options Trading Strategies   ACM  AECOM (-0.0)


XRX Forecast + Options Trading Strategies   XRX  Xerox (-0.01)


AMR Forecast + Options Trading Strategies   AMR  Alta Mesa Resources (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against WMT



SWBI Forecast + Options Trading Strategies   SWBI  Smith & Wesson Brands (-0.72)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (-0.75)


FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (-0.77)


MPC Forecast + Options Trading Strategies   MPC  Marathon Petroleum (-0.8)


VLO Forecast + Options Trading Strategies   VLO  Valero Energy (-0.82)









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