Walmart Traded above Its 100-Day and 20-Day Moving Averages

Why Materials, Energy Led S&P 500's Earnings and Sales Surprises

(Continued from Prior Part)

Moving averages

The Consumer Staples Select Sector SPDR ETF (XLP) returned -1% over a one-month timeframe. Consumer staples stocks Avon Products (AVP), Procter & Gamble (PG), Coca-Cola (KO), Pepsico (PEP), and Walmart (WMT) are trading 4% below their respective 100-day moving averages on an average basis.

Currently, Walmart is trading 8.8% above its 100-day moving average and 4.5% above its 20-day moving average. The stock has been trading below its 100-day moving average since August 6, 2015. However, it crossed its 100-day moving average on January 4, 2016. Its 20-day moving average became an immediate support point for the stock.

Avon Products is trading 7.1% below its 100-day moving average, whereas Procter & Gamble is trading 6.6% above its 100-day moving average. Pepsico is trading 1% below its 100-day moving average, however, Coca-Cola is trading 1.2% above its 100-day moving average. The above table shows the moving averages and analysts’ estimates for the consumer staples companies.

Wall Street analysts’ consensus estimates

Wall Street analysts’ consensus estimates suggest a 15% upside for these consumer staples companies. Analysts’ estimates suggest that an upside of 41% and 9% for Avon Products and Pepsico, respectively, over the next 12-month period from their current levels as of February 5, 2016.

Procter & Gamble and Coca-Cola could see rises of 2.5% and 9.5%, respectively, over the next 12-month period. However, Walmart is trading 5.7% above the analysts’ estimates.

In the next part of this series, we will analyze the performance of the healthcare sector.

Continue to Next Part

Browse this series on Market Realist:

• Part 1 - So Far, No February Fireworks for the S&P 500

• Part 2 - Materials Sector Reported Its Highest Earnings in the S&P 500

• Part 3 - Sales Surprise: The Energy Sector Leads among the S&P 500