Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, July 10, 2020

Article Excerpt

WALMART INC., $130.68, New York symbol WMT, is a buy. The company is the world’s biggest retailer, with 11,484 outlets in 27 countries. The stock gained 10% this week on media reports that the retailer will soon launch a premium subscription plan called Walmart+. Similar to Amazon.com’s popular Prime plan, Walmart+ would give members same-day delivery of groceries and other items, discounts on gasoline purchases and other special promotions. (Note—Amazon.com is a recommendation of Power Growth Investor, our newsletter that focuses on aggressive investments.) Walmart+ would cost $98 a year, compared to $119 for Prime, which should help draw more customers to Walmart’s e-commerce sites as the COVID-19 pandemic continues to spur online shopping volumes. Based on Prime’s experience, it’s likely that many Walmart+ customers will remain in the program once the initial free trial period ends. What’s more, they will probably spend more than non-members. Walmart is a buy. Walmart recent coverage: Hotline for June 19, 2020 Hotline for May 22 2020 CARRIER GLOBAL CORP.,…

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