WAL-MART STORES INC. $61 (New York symbol WMT; Conservative Growth Portfolio: Consumer sector; Shares outstanding: 3.4 billion; Market cap: $207.4 billion; Price-to-sales ratio: 0.5; Dividend yield: 2.6%; TSINetwork Rating: Above Average; www.walmart.com) is launching a new service that will let its customers upload their DVD and Blu-ray movies to its computer servers. That will let them download their movies from anywhere, and watch them on any device.
Demand for this new service could be strong, particularly as more people use tablet computers and smartphones to watch videos online. It will also help draw more customers to Wal-Mart’s VUDU website, which lets users purchase and download movies.
Wal-Mart is a buy.