Walmart’s Stock Surge Reflects Hard Times for the Cash-Strapped
Filed under: Economy, Wal-Mart Stores, Retail, Stocks in the News
Walmart’s (WMT) recent stock surge might be a good sign for the nation’s biggest discounter, but it also highlights the economic fragility of America’s low- and moderate-income consumers, its core shoppers.
On July 27, shares of the world’s biggest retailer soared to a record high of $74.80.
Walmart’s numbers are considered bellwethers for the retail industry. But on the other side of the equation, when Walmart sees its earnings improving, the theory goes, it’s often because times are tougher…
Walmart’s Stock Surge Reflects Hard Times for the Cash-Strapped originally appeared on DailyFinance.com on 2012-07-31T17:11:00Z.
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