Walmart Stock Approaches $116 Resistance Ahead of Q2 Earnings Report

Walmart stock (WMT) is approaching key technical resistance at $116.45 as investors await its Fiscal second-quarter 2027 financial report on August 20.

The retail giant's management projects net sales growth of 4% to 5% with adjusted earnings per share between $0.72 and $0.74, while Wall Street analysts expect total revenue to reach between $186.3 billion and $186.9 billion.

Walmart's strong e-commerce sales growth and expanding high-margin revenue streams like advertising and memberships are expected to drive profitability.