Wal-Mart (NYSE:WMT) is thriving as recession grips the economy. As a cost leader in the retail sector, the company is benefiting from an increase in thrift. And it continues to expand its operations overseas. Horacio Marquez says Wal-Mart should emerge stronger than ever from this crisis, making it an essential part of any stock portfolio.
This frm Money Morning:
In an appearance on NBC’s “Meet the Press” on Sunday, Wal-Mart Stores Inc. (NYSE:WMT) Chief Executive Officer H. Lee Scott Jr. said the recession is changing consumer-buying habits.
What Scott didn’t say is that Wal-Mart is perfectly positioned to capitalize on those changes.
“The No.1 issue today is [consumers'] concern about their job,” Scott said during the nationally televised interview. And because of that concern, Scott said consumers are making some of the following changes:
In the discounter’s “pharmacy ...
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