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NYSE:WMT
It's still the world's biggest retailer despite Amazon. Wells Fargo upgraded it from hold to buy today. Low-end consumers are flush from the generous child tax credit. Walmart+ is intended to compete with Amazon Prime. Their relative underperformance (down for the year to date) creates opportunity. Today, WM broke out of a tight range and rose nearly 2% on that upgrade.
Last week, analyst Larry Williams advised buying Walmart and Costco before Easter, because both tend to do well this time of year. the stocks moved up, though remember that these are "essential retailers" so their move up came at the expense of the non-essential stores. We're robbing Peter to pay Paul. Both have been punished recently for being unfashionable lockdown stocks and both deserve to be your in your portfolio.