(PRO Views is exclusive to PRO subscribers and gives you insight on the day’s news directly from real investment pros. See the full discussion above.) Investor Jay Woods is keeping an eye on Walmart’s fourth-quarter results, which are scheduled to be released before the market opens on Thursday. Woods, chief market strategist at Freedom Capital Markets, believes the retail giant could face a backlash following the report, which could open up an attractive entry point for investors. “It’s getting a bit parabolic as we move towards the numbers. If I was in stocks, I’d be taking profits. In fact, I am, and I am, but I’m looking to see if there’s a pullback on good news.” The investor added that a return to the $120 level would be enough to further build on its name. Walmart closed Friday afternoon at $133.89 per share. WMT YTD Mountain WMT YTD Chart NYSE Insider Woods also touches on the following in an exclusive video: Stocks that test the lower bound of the S&P 500 and Dow Jones Industrial Average . That Nvidia’s earnings next week could be the “last straw that breaks the camel’s back.” Traders rotate into the State Street Healthcare Select Sector SPDR ETF (XLV). There’s a mid-cap package opportunity named Sonoco with a nice risk-reward setup heading into Thursday’s earnings report. (This weekly video is exclusive to CNBC PRO subscribers.)
