SaxoTV

Berger: Why I’m buying Walmart

466 views
January 11, 2016 2016, analysis, bank, berger, broader, bullish, buy, capital, equities, equity, idea, january, long, market, markets, momentum, price, risk, risk on, risks, saxo, saxo bank, saxo bank saxo tv, saxo bank trading floor, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank.com, saxotv, sell-off, serge, share, shares, sp500, stock, stocks, stop, strategy, support, tale, target, technical, trade, trader, traders, trades, trading, tradingfloor, tradingfloor.com, view, walmart
Equities have seen a really poor start to the year, says Serge Berger. But as the broader markets dropped, Walmart managed to rally, which is why Berger is looking to buy the stock.

Berger is also bullish on the stock from a technically perspective, arguing that the stock is oversold and that the current support and momentum is making the stock look much better. So Berger is set to buy the stock at USD 63.50 with target at USD 68.50 and a stop at USD 61.00.