Walmart, Occidental, Alibaba, and More: Stocks to Watch This Week

As the market continues to fluctuate, investors are keeping a close eye on several key stocks. This week, Walmart (WMT), Occidental Petroleum (OXY), Alibaba (BABA), and others are in the spotlight due to their recent performance and upcoming events. Let's dive into the latest developments and expert opinions on these stocks.

Walmart (WMT): Strong Earnings and Positive Sentiment

Walmart stock closed at $95.66 on February 16, following a strong earnings report. The company reported earnings per share (EPS) of $1.69, beating the consensus estimate of $1.64. Revenue also came in higher than expected, at $141.54 billion compared to the estimated $139.87 billion. Analysts have maintained a positive outlook on Walmart, with 12 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The average price target is $112.91, indicating a potential upside of 17.7% from the current price.

Occidental Petroleum (OXY): Warren Buffett's Latest Investment

Occidental Petroleum stock has been on a rollercoaster ride, with a 10.05% increase in the past year. The company's stock price has been influenced by geopolitical events, such as U.S. restrictions on Chinese companies and internal pressures within China's tech sector. However, Warren Buffett's Berkshire Hathaway recently purchased 763,017 shares of Occidental Petroleum for $35.7 million, indicating confidence in the company's long-term prospects. Occidental Petroleum's stock price has been volatile, with a 52-week range of $68.05 to $105.07.

Alibaba (BABA): Navigating Regulatory Challenges

Alibaba stock has faced headwinds due to regulatory pressures and market volatility. The company's stock price has dropped by 8.79% in the past year, with a 52-week range of $68.05 to $105.07. However, Alibaba's strong earnings performance and strategic investments have led some analysts to maintain a positive outlook on the company. Alibaba's average Analyst price target in the past 3 months is $122.91, representing a -1.46% downside from the last price of $124.73.



Newmont (NEM): Steady Growth and Positive Sentiment

Newmont stock has experienced steady growth, with a 12-month return of 26.21%. The company's strong earnings performance and positive analyst sentiment have contributed to its stock price appreciation. Newmont's average price target is $50.56, indicating a potential upside of 26.01% from the current price. The company's stock price has been volatile, with a 52-week range of $36.63 to $50.56.

Booking (BKNG): Strong Earnings and Positive Sentiment

Booking stock has experienced strong earnings performance and positive analyst sentiment, with a 12-month return of 26.21%. The company's average price target is $85.56, indicating a potential upside of 26.01% from the current price. Booking's stock price has been volatile, with a 52-week range of $56.63 to $85.56.

As investors continue to monitor these stocks, it is essential to stay informed about their latest developments and expert opinions. By keeping a close eye on these key stocks, investors can make more informed decisions and capitalize on potential opportunities in the market.