Filed under: Good news , Wal-Mart (WMT) , Target Corp. (TGT) , Costco Wholesale (COST) , Technical Analysis , Stocks to Buy Wal-Mart Stores (NYSE: WMT ) is the world's largest retailer, offering a vast array of general merchandise through some 7,350 stores. That total includes nearly 1,000 discount stores, over 2,800 combination discount and grocery stores and about 600 warehouse outlets. More than half of Wal-Mart's stores are in the United States, but the firm has a widespread and growing international presence. It is the biggest retailer in Canada and Mexico, has a 95% stake in Japan's Seiyu and has developing operations in Europe, South America and Asia. The company employs more than two million associates and serves more than 200 million customers per year. Target (NYSE: TGT ) and Costco Wholesale (NASDAQ: COST ) are major competitors. The stock has been a steady gainer of late, advancing on word of better than expected Q2 results, solid expectations for Q3/FY09, decent same-store sales figures, international development, and generally favorable analyst commentary. The news has kept WMT shares cycling through a positive nine-week trading channel. The price is currently consolidating at the base of that channel, where an oversold Momentum technical parameter suggests the potential for a rise back toward the top. Correspondence of the stock's 90-day moving average to the base of the channel backs the rebound notion. Brokers recomme ...
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Filed under: Good news , Wal-Mart (WMT) , Target Corp. (TGT) , Costco Wholesale (COST) , Technical Analysis , Stocks to Buy Wal-Mart Stores (NYSE: WMT ) is the world's largest retailer, offering a vast array of general merchandise through some 7,350 stores. That total includes nearly 1,000 discount stores, over 2,800 combination discount and grocery stores and about 600 warehouse outlets. More than half of Wal-Mart's stores are in the United States, but the firm has a widespread and growing international presence. It is the biggest retailer in Canada and Mexico, has a 95% stake in Japan's Seiyu and has developing operations in Europe, South America and Asia. The company employs more than two million associates and serves more than 200 million customers per year. Target (NYSE: TGT ) and Costco Wholesale (NASDAQ: COST ) are major competitors. The stock has been a steady gainer of late, advancing on word of better than expected Q2 results, solid expectations for Q3/FY09, decent same-store sales figures, international development, and generally favorable analyst commentary. The news has kept WMT shares cycling through a positive nine-week trading channel. The price is currently consolidating at the base of that channel, where an oversold Momentum technical parameter suggests the potential for a rise back toward the top. Correspondence of the stock's 90-day moving average to the base of the channel backs the rebound notion. Brokers recomme ...