Walmart Inc, Target Corp, S&P 500 Index, Retail İndustry

Walmart Inc, Target Corp

Goldman adds Walmart to conviction buy list, drops Target. Two traders weigh in

Goldman Sachs is swapping out one big-box retailer for another. Two traders discuss the call.

10/20/2021 1:24:00 AM

Goldman adds Walmart to conviction buy list, drops Target. Two traders weigh in (via TradingNation)

Goldman Sachs is swapping out one big-box retailer for another. Two traders discuss the call.

At the same time, analysts removedTargetfrom that list. The firm remains bullish on the stock but expects slower growth from the company next year more in line with its historical norms.Goldman made the right call, according to Gina Sanchez, CEO of Chantico Global and chief market strategist at Lido Advisors.

"Lido Advisors has made a similar trade," Sanchez told CNBC's "Trading Nation" on Tuesday. "We owned Target, now we own Walmart, and one of the reasons is actually similar to the Goldman Sachs explanation."Like Goldman, Sanchez says that Walmart's investments in the e-commerce space and its strength in grocery are two reasons to be bullish on Walmart. That one-two punch — a beefed-up e-commerce presence and the necessity of brick-and-mortar locations for grocery shopping — is "important to the future of Walmart," she said.

Inside Edge Capital Management founder Todd Gordon is more cautious, at least until Walmart's technical set-up improves. Walmart has underperformed Target and the broader market in 2021."Since August of last year — which is when the two diverged; they were tracking on top of each other —Target is up 64% [and] Walmart's only up 9%, compared to the headtopics.com

benchmark at 30%. So, it's kind of a tough call to make," Gordon said during the same interview.Zoom In IconArrows pointing outwardsThe fundamental picture looks solid for Walmart, adds Gordon, with investments in e-commerce possibly ready to bear fruit. He says it could make sense for investors to put on a partial position on fundamental strength and add to it once the technicals strengthen.

"If we get through $155, you might see a breakout of trendline resistance, which is what happened in early 2019," Gordon said.Zoom In IconArrows pointing outwardsThe stock would need to add 7% to reach that level. Walmart closed Tuesday just under $145.

Read more: CNBC »

Jury finds Kyle Rittenhouse not guilty on all counts

A Wisconsin jury found Kyle Rittenhouse not guilty on all counts after the Illinois teenager shot and killed two men and wounded a third at a protest last year.

TradingNation I am working daily, hustling to get the shot done as it isn't so simple to achieve that so called financial freedom, it takes a lot of dedication, patience and consistency, All thanks to Mrs Dereck0111

Strictly's Giovanni Pernice dumped Maura Higgins two weeks ago with brutal digStrictly hunk Giovanni Pernice and Love Island beauty Maura Higgins are no more as it's revealed hectic work schedules and not wanting to settle down got in the way of their blossoming romance

The Tale of Two MeatloavesGo behind the scenes of our “Big Little Recipes” cookbook.

Inside a $4,320 a month two-bedroom apartment in Jersey CityMolly Barth, 27, lives with her boyfriend Nick, 26, in a two-bedroom apartment in Jersey City, NJ. Together they pay $4,320 a month in rent. See inside 👀 (via CNBCMakeIt) MakeIt Great place and at least it has space. I suppose the $4300 is not so bad but I hope that includes the HOA. But move west and you could have a decent size house in a nice neighborhood for that same price but you wouldn’t be close to NYC. ;) MakeIt She’s live in the Newport building probably the eclipse MakeIt They are living to pay rent. They are not building wealth. They need a Build Back Better house.

Rauw Alejandro Dances Through the Dark With Two Performances on the Honda StageReggaeton star RauwAlejandro performs 'Cúrame' and 'Desenfocao'' in a special set of performances on the Honda Stage.

Jewish Southlake residents on administrator's Holocaust remark: 'There are not two sides'After Gina Peddy, a Carroll ISD administrator in Southlake, Texas, urged teachers to balance Holocaust books with 'opposing' perspectives, Jewish residents were outraged. The Southlake School Administration has obviously not learned the lessons of History because this sure seems to be the image they want to project of themselves.

Supreme Court sides with police officers in two qualified immunity casesIn two cases, the Supreme Court ruled in favor of police officers seeking qualified immunity from allegations of excessive force Shameful no one is above the law especially law enforcement they should be held to a higher standard to do their jobs professionally. This video clearly shows USCP standing there as people stream into the building. Now ask yourself why DOJ fought to keep this video under protective orders and media had to petition court to get it: Hey remember the he covid death count you guys had up. Until Joe & Kamitoe blew themselves into the WH.