3 Reasons Walmart Is a Buy Right Now
As the COVID-19 coronavirus outbreak knocked the market into bear territory, Walmart (NYSE: WMT) shares resisted. The stock has slipped only 3.8% so far this year, compared with a 31% loss for the S&P 500. And while many retailers of nonessential goods have temporarily closed their doors, Walmart's grocery and household offerings have kept it in business during the crisis, in physical stores and online. The company this week even announced the creation of 150,000 new jobs.
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As with many stocks, I'm not expecting great gains in the near term due to the weight of the coronavirus outbreak on the market. But here are three reasons Walmart is a solid long-term investment:
Source Fool.com