Wal-Mart Releases Earnings Tomorrow

Traders should consider preparing for earnings from Wal-Mart Stores (NYSE: WMT). The world’s largest retailer is expected to report earnings per share of $1.13, up about 4.6% compared to a year ago. The top line will be watched as closely as the bottom line and analysts are looking for revenue growth of only 2.5%. Management comments could offer important insights into the impact of recent news about government benefits and the upcoming holiday season.

This report is likely to affect a number of retail stocks and SPDR S&P Retail (NYSE: XRT) is oversold with a 2-period RSI of 87.49. Trading Market Analytics shows that traders should be cautious in this sector.

xrt

XRT is not a high-probability short trade yet but it is potentially setting up for one.

5 Stocks Due For a Bounce

Symbol

Name

ConnorsRSI

MYD

Blackrock Muniyield Fund

2.11

MELI

Mercadolibre

2.15

AREX

Approach Resources Inc.

3.28

FLEX

Flextronics International Ltd

3.36

LAYN

Layne Christensen Company

3.82

myd

5 ETFs Due For a Bounce

Symbol

Name

ConnorsRSI

GXG

G-X FTSE Colombia 20 ETF

0.41

PCY

Emrg Mkts Sovereign Debt Powersh

4.20

EMB

USD Emrg Mkts Bond Ishares

5.24

INDY

S&P India Nifty 50 Index Ishares

5.58

IIF

Morgan Stanley India Investment

5.88

GXG has closed lower 10 days in a row.

gxg

5 Leveraged ETFs Due For a Bounce

Symbol

Name

ConnorsRSI

AGQ

Ultra Silver Proshares

6.62

USLV

3X Long Silver ETN Velocityshare

6.85

UGLD

3X Long Gold ETN Velocityshares

12.75

DGP

DB Gold Double Long ETN Powersha

12.85

URE

Ultra Real Estate Proshares

13.10

agq

5 Stocks Due For a Pullback

Symbol

Name

ConnorsRSI

IBKR

Interactive Brokers Group

99.48

DFRG

Del Frisco’s Restaurant Group Ll

99.08

PAY

Verifone Systems

96.36

HTLD

Heartland Express

96.22

AGO

Assured Guaranty Ltd

95.61

ibkr

5 ETFs Due For a Pullback

Symbol

Name

ConnorsRSI

DSLV

3X Inverse Silver ETN Velocitysh

93.73

ZSL

Ultrashort Silver Proshares

93.39

SHV

Short-Treasury Bond Ishares

92.48

UNG

US Natural Gas

92.46

UGAZ

3X Long Natural Gas ETN Velocity

91.25

dslv

All data is as of the end of day on 11/12/2013.

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Connors Research, the research affiliate of The Connors Group, develops model-driven, quantitatively validated trading methodologies aimed at giving traders a professional edge in the financial markets. Most of these strategies are proprietary and only available for members of the Chairman’s Club, however, Connors Research also publishes selected strategies such as Trading Strategies That Work, ConnorsRSI Trading Strategy Series and the Connors Research Trading Strategy Series.

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