Oh My, This Stock Is a No-Brainer Buy
Bad news doesn't go over well in a bear market -- take retailer Walmart's (NYSE: WMT) recent announcement of reduced profit guidance for the rest of the year. Wall Street responded by selling off the stock to within reach of its lowest share price in a year.
But just because the market is bearish doesn't mean you have to be. Here is why Walmart's short-term challenges could prove to be a buying opportunity for investors.
Walmart gave a recent business update, noting that it expects operating profits for Q2 to decline between 13% and 14% year-over-year and full-year operating profits to drop between 11% and 13% from the prior year.
Source Fool.com
