Walmart Emerges As a Winner, Despite Evidence of Consumer Spending Slowdown. Time to Buy the Stock?
Consumers continue to spend, but there are also some signs that purchases are beginning to slow. In the restaurant sector, popular chains such as Starbucks and McDonald's have seen their U.S. same-store sales decline as consumers have pushed back on higher prices.
The travel industry is starting to see an effect as well. Walt Disney recently came out and said it was seeing less traffic at its popular theme parks, while airlines and hotels have indicated that leisure demand is starting to soften.
However, one company that isn't seeing an effect from a potential consumer slowdown is retail giant (NYSE: WMT).
Source Fool.com
Walmart Inc. Stock
€68.06
0.730%
The stock is an absolute favorite of our community with 93 Buy predictions and no Sell predictions.
With a target price of 73 € there is a slightly positive potential of 7.26% for Walmart Inc. compared to the current price of 68.06 €.
