( PRO Views are unique to PRO customers, providing insight on the news of the day direct from a genuine investing pro. See the complete conversation above.) Financier Jay Woods is keeping a close eye on Walmart’s fourth-quarter profits, due for release before the marketplace opens Thursday. Woods, the primary market strategist at Liberty Capital Markets, thinks that the retail giant might deal with a possible pullback after its report, opening an appealing entry point for financiers. “It’s getting a little parabolic as it heads into the numbers. If I remained in the stock, I would take earnings. In reality, I am, and I have, however see to see any pullback on excellent news,” he stated. The financier included that a pullback into the 120s would be a great level to contribute to the name. Walmart closed at $133.89 per share on Friday afternoon. WMT YTD mountain WMT YTD chart Woods, an NYSE expert, likewise discuss the following in the unique video: Stocks checking the flooring for the S & & P 500 and Dow Jones Industrial Average. How Nvidia’s profits next week might possibly be the “final stroke that breaks the camel’s back.” Traders turning into the State Street Healthcare Select Sector SPDR ETF (XLV). A chance in mid-cap product packaging name Sonoco, which has a great risk-reward setup heading into its Thursday profits report. (This weekly video is solely for CNBC PRO customers.)
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