Wal-Mart's international expansion could be its downfall
We just picked up, from Business Insider, that JP Morgan has downgraded Wal-Mart.
The article says, in part:
"Though it is currently the top grocery store chain in the country, Wal-Mart's days of being retail champ may be numbered. The stock is down close to 2% after JPMorgan downgraded it from neutral to overweight and said it didn't expect any major stock boosts to come soon. Analyst Charles Grom said he sees no signs of anything in the future that would push the stock out of its current trading range of $45-$60. It has been in this range for the last 10 years...International expansion has also reduced its free cash flow."
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