Wal-Mart’s Holiday Sales May Signal Opportunity, Analyst Says
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Wal-Mart Stores Inc. may be a good stock to buy because the world’s largest retailer has easy comparisons this holiday shopping season, according to Adrianne Shapira, an analyst for Goldman Sachs Group Inc.
“The opportunity is that unlike everyone else who had a strong Christmas last year, they did not,” Shapira said on “Surveillance Midday” with Tom Keene on Bloomberg Television today. Wal-Mart outperformed during the recession and lagged last year, said Shapira, who recommends buying the stock.