Need to Know: How this bull-market laggard could soon become a money machine
Much of the dour mood for global equities seems to be stemming from those moth-eaten global growth worries and a touch of anxiety as a bull-market anniversary approaches.
But don’t even think about walking away from Walmart, says our call of the day from Robert Ross, senior analyst at Mauldin Economics. He says the retailer is in prime position to lead a hundred-billion-dollar online grocery industry and deliver “massive profits” for investors who get in early enough.
Walmart is the world’s third-biggest e-retailer, overtaking Apple, and helped by its strategy of buying solid players in the field, such as Jet.com, which helped boost e-commerce sales from $13.5 billion to $23.8 billion. The market Dow YMH9, +0.07% S&P 500 ESH9, +0.11% and Nasdaq NQH9, +0.07% futures are down. That’s after a third session of losses for the Dow DJIA, -0.52% S&P 500 SPX, -0.65% and Nasdaq COMP, -0.93% on Wednesday.
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