Without further ado, let’s take a look at three big-box retailers well-positioned for the potentially dark months ahead: Walmart (WMT), Costco Wholesale Corporation (COST), Target Corporation (TGT), and Big Lots (BIG).
Walmart (WMT)WMT just might be the perfect retail stock to own as another round of coronavirus lockdowns looms. WMT has successfully transitioned to the online eCommerce realm, selling products from its website through the Flipkart platform. Furthermore, customers can resort to in-person shopping amidst the pandemic, if desired. However, if the coronavirus cases spike, investors won’t lose a second of sleep worrying about their WMT stock simply because the retailer is perfectly capable of making money through online sales.
The POWR Ratings reveal WMT has “A” grades in the Industry Rank, Trade Grade, Peer Grade, and Buy & Hold Grade components. The stock is ranked first of 18 in the Grocery/Big Box Retailers segment. Of the 26 analysts to have studied WMT, 21 rates the stock as a “Buy”, five rates it as a “Hold” and none insist it should be sold.
WMT’s strong earnings recently beat the Street’s forecast. The solid earnings were partially the result of the WMT’s growing e-commerce sales that should help the company continue raking in the cash even if the pandemic worsens.
Costco Wholesale Corporation (COST)
Though some Americans have not yet stepped foot in a COST store, savvy investors from all geographic locations are well aware of the company’s success. COST sells general merchandise, food, appliances, and household products at affordable prices. The only caveat is COST requires a membership. Look beyond this completely unnecessary and…
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