With Wal-Mart taking a beating today and Target rising on an estimate beat….it might be time to scale out of Target and move into Wal-Mart. Wal-Mart is the one retail stock to own. If you look across the retail sector Wal-Mart’s same store sales actually went UP in December. The reason the stock took a beating today is because same store sales didn’t increase as much as the street wanted…come on guys…we all knew that December was going to be horrible…Wal-Mart’s same store sales went up in December need we say more. For those who didn’t get long WMT last January now it is time to look at it again!
CHECK THIS OUT!
Disclosure - I am long WMT