Walmart stock has barely budged over the past three months, but that looks about to change as it gets set to report earnings. The discount mega-retailer is benefiting from a shift in how the U.S. consumer is spending money, Al Root writes in this week’s edition of Barron’s. Walmart is trading at about 22 times estimated earnings over the coming 12 months, right in line with its historical average. That’s a reasonable price to pay for Walmart at a moment when it finds itself in the retail sweet spot, the author argues. Reference Link
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