Wal-Mart launches video-streaming service

Article Excerpt

WAL-MART STORES INC. $53 (New York symbol WMT; Conservative Growth Portfolio: Consumer sector; Shares outstanding: 3.5 billion; Market cap: $185.5 billion; Price-to-sales ratio: 0.4; Dividend yield: 2.8%; TSINetwork Rating: Above Average; www.walmart.com) has started streaming high-definition movies through its web site. Customers can either rent or buy these films. Demand for movie-streaming services is growing strongly. This new service will help Wal-Mart offset slowing sales of regular DVDs. Wal-Mart is a buy. buy…