JP Morgan Downgrades Walmart to Neutral

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.

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