CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Wall St. to open higher; Walmart to rise after earnings beat

14:09 16 May 2019

Summary:

  • US benchmarks look to build on recent recovery

  • Markets jumped on auto tariff news

  • Walmart called to open higher after earnings beat

 

US stock markets are working on a third consecutive day of gains as equities across the Atlantic continue their recovery from Monday’s rout. Yesterday afternoon they received a boost from news that president Trump is delaying a decision on auto tariffs by up to 6 months and they are trading modestly higher once more today ahead of the cash session. The S&P500 is now back at the 8 EMA, which itself is below the 21 and this is an area to keep an eye on going forward.

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

US stocks are looking to extend their recovery, but it is worth pointing out that they remain below both the 8 and 21 EMAs which themselves are in a bearish orientation. Source: xStation

 

One market that can provide some valuable insight into US stocks is the volatility index, with the so-called “fear gauge” often seen as a leading indicator. On this front things look pretty good for investors as the VIX has fallen back lower today and is beneath the 17 level once more. The level around 17-18 can often serve as a pivotal one, with pushes above there seeing rapid increases in volatility while below there the markets become relatively sanguine. A daily close below 17.50 would further support this recovery in stocks and raise hopes that the worst of the pullback could be already over. Any spikes back above 17.50 could serve as a warning sign that the weakness in stocks is just the start of something bigger.

The Volatility index has dropped in recent sessions and in doing so fallen back below the 17 mark. This suggests more tranquil conditions for equities. Source: xStation  

 

One stock that is attracting attention this afternoon is Walmart after the firm delivered a decent set of figures in its latest trading update. The world’s largest retailer beat the street on earnings with an adjusted EPS of $1.13 vs $1.02 expected, however turnover was a bit of a disappointment with revenue coming in at $123.93B vs $125.03. The company described the results as putting it in a good position to hit full-year targets and stated that it has been pouring money into new technology to improve the efficiency of online deliveries. Shares are called to open higher by over 3% this afternoon.

Shares in Walmart are set for a bright start this afternoon with the stock rising after beating earnings estimates in its latest update. Source: xStation   

 

 

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back
Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language