Stuart Varney of Fox Business said yes,but Mike McKee(not sure his name is spelled right)of Bloomberg said not so fast.McKee points out once a pond time the FED look very close at Wal-Mart sales,as far as, he knows this was true at least until 2006 but belief is that Wal-Mart sales actually do better in bad economic time then good because they sell cheap goods,not necessary inferior good but cheap.
Now Wal-Mart profit this quarter beat estimates however,there forecast for growth is gloomy because of the increase in payroll tax,the I.R.S being slow with refunds and higher gas prices.
Jim Cramer from C-NBC,who despite his shtick is very smart and knows the market a good stock picker,said at 70 Wal-Mart is too high,while for New York Times to broke another scandal story about Wal-Mart and Mexico if stock drop below 67 it's a buy.
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