Stocks This Week: Buy Applied Materials And Walmart

The coming week is OPEX (options expiration week) in May. This has been one of the less bullish such weeks among the 12 months in any year since 1985. A market consolidation is expected in the week followed by a rally into the end of the month. June appears bearish. A down June would complete the second quarter correction.

Applied Materials
Applied Materials
reports after the bell on Thursday. The stock is highly-ranked for relative strength and seasonality. Let us look further. The stock is near a new high in relative strength. Monthly, the stock is overbought but the oscillator is turning up. The accurate monthly cycle is rising. There have been 4 buy and 4 sell signals in the last year and each has been profitable. Anticipate a share price closer to $220 over the near term.

Applied Material Daily, Weekly, Monthly

Applied Material Monthly Cycle

Walmart also reports this week and it appears likely the report will be met with buying. Relative strength has been rising since December. Seasonality is favorable. From May 17^th to July 20^th, the shares have risen 77% of the time over 44 years. The monthly cycle rises through 2024. This cycle has been profitable in all three signals this year. The share price could rise to $70 or higher.

Walmart

Walmart
Daily, Weekly, Monthly

Walmart Monthly Cycle