Walmart Bucks Market Rout on Hopes for More Consumer Spending
On a day that saw market circuit breakers triggered to keep stocks from falling through the floor, shares of retail giant Walmart Inc. (NYSE: WMT) were bucking the trend and rising 2% in midday trading.
Investors were betting plunging oil prices would put more money in consumers' hands just as they were looking to stock up on sanitizers, cleaning products, canned goods, and other merchandise that would allow them to hunker down if necessary.
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Source Fool.com
