Walmart Could Hold The Key To The Retail Rally. Here’s why

In Daily Commute by MR Magazine StaffLeave a Comment

Retail stocks are on a spree. They’re bouncing off their October lows, some rallying double-digits in the past two weeks as retail earnings kick into full gear. Some top money managers say investors should consider one retail name in particular: Walmart. Walmart is set to report earnings Nov. 15, and shares of the retailer have bounced 11 percent since their October lows. The broader retail-tracking ETF, the XRT, has jumped 7 percent since its respective low that month. Mike Binger, president of Gradient Investments, is bullish on Walmart. He pointed to strong consumer data compared with some industrial and housing metrics that have “either fallen off or softened a bit.” Read more at CNBC.

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