This morning Jim Cramer looked ahead to some of the companies reporting earnings this week. Today we heard from Walmart (WMT) , which is holding their analyst day. Cramer was bullish on the company. WMT reported GAAP EPS of $1.45 which beat expectations by $0.02. Revenue came in at $141.7 billion, in-line with estimates. The stock was higher in early afternoon trading.
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Let's use the chart of Fastly to examine the roles of price, trend, momentum, and volume.
The pace of the economic recovery has cooled in recent weeks. And some businesses might start making larger spending cuts if they feel the economy will be under pressure for a while.
It is tough for the bears to gain traction with their macro arguments, when dip buyers and aggressive pockets of trading action remain -- so continue to look to price action for guidance.
Nothing seems to matter anymore except which stock to buy, a staggering conclusion with 11% unemployment and a raging epidemic.