Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Thursday, April 1, 2016

Article Excerpt

WAL-MART STORES INC., $69.06, New York symbol WMT, has successfully defeated a new law in Puerto Rico that would have tripled the tax bill for companies with local yearly revenue of $2.75 billion or higher. Wal-Mart operates 48 retail stores on the island. It is the only company that would have been affected by the law. A federal judge has now struck down the tax plan. Wal-Mart will still go ahead and shut down seven of its Puerto Rico stores. That’s part of the previously announced closure of 269 underperforming locations. Worldwide, the retailer has over 11,500 outlets. OUR RECOMMENDATION: Wal-Mart is our top Conservative buy for 2016. Wal-Mart recent coverage Hotline for February 19, 2016 February 2016 issue STATE STREET CORP., $58.95, New York symbol STT, sells accounting and administrative services to large institutional investors, such as mutual funds and pension plans. This week, the company agreed to buy the asset management business of GENERAL ELECTRIC CO., $31.94, New York symbol GE. This operation, part…