HSBC analyst: Walmart has more tailwinds than headwinds
As inflation remains relatively high, consumer spending has pulled back, with more shoppers prioritizing value for their everyday goods. HSBC US Consumer Staples Senior Analyst Daniela Bretthauer joins Catalysts to explain why one retailer stands out as a top choice for consumers.
Bretthauer has a Buy rating on Walmart (WMT), calling it a "top pick" in the retail sector. "I think the future of grocery shopping is becoming increasingly omnichannel. And Walmart is America's largest grocer. They are very well positioned to serve the online," she explains.
She also expects Walmart to be "a defensive name" in the economy, especially if interest rate cuts are further delayed. "The everyday low-price strategy works extremely well, and so I think that they can still do quite well and have a nice growth in earnings this year," Bretthauer adds.
#walmart #news #stockmarket
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Видео HSBC analyst: Walmart has more tailwinds than headwinds канала Yahoo Finance
Bretthauer has a Buy rating on Walmart (WMT), calling it a "top pick" in the retail sector. "I think the future of grocery shopping is becoming increasingly omnichannel. And Walmart is America's largest grocer. They are very well positioned to serve the online," she explains.
She also expects Walmart to be "a defensive name" in the economy, especially if interest rate cuts are further delayed. "The everyday low-price strategy works extremely well, and so I think that they can still do quite well and have a nice growth in earnings this year," Bretthauer adds.
#walmart #news #stockmarket
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
Видео HSBC analyst: Walmart has more tailwinds than headwinds канала Yahoo Finance
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