http://www.marketwatch.com/story/wal-mart-slips-after-jp-morgan-downgrade-2011-02-14?dist=afterbell
JP Morgan downgrades Walmart because – amongst other reasons – economic improvement. Meaning, shoppers will buy elsewhere. While I’m generally bullish on the economy going back to March 2009, an unemployment/under employment just short of 20% of the population is disheartening and I will speculate people aren’t flocking to the local convenience store for some Tide.
Walmart generally isn’t a stock I would consider given its trading bands. However, since I am guessing their Q4 results will beat/meet expectations when announced next week – Christmas shopping was up – a buy at $54.88 (or less) could earn some short term cash.