WMT looks like it presents an opportunity to buy in at heavily discounted prices. To the tune of 20% off. Normally I would be interested in buying nearly anything that is 20% off.
Pull up this chart and look at it on the Weekly time frame. It appears as though our bearish trend might not be over and is just beginning.
Fundamentally I like Wal-Mart and I think that their entry into the meal kit service will present a great opportunity to increase store traffic.
Noticed large institutional buying of WMT in Q4 2017, and although positions are starting drown this likely appears to be a buy and hold opportunity. I think the retail market will continue to grow in 2018 as we saw the highest retail sales growth in more than a decade (Q3 2017).
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