CNBC Stock Blog
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- Global Growth Good for Portfolio: Stock Picker
- Expect Tech Sector to Rise in Q4: Strategist
- Expect a 5-10% Market Pullback: Stock Picker
- 3 Stock Picks for This Volatile Environment: Portfolio Manager
- 3 Financial Stocks May Lead Final Rally: Market Researcher
- Gold's 'Money' Value is $4,000 to $11,000: Market Strategist
- Commercial Real Estate Bottom Near: Market Pro
MOST SHARED
- Nielsen Ratings Coming to Video Games
- Confessions of a Black Friday Shopper
- 'New Moon' Midnight Showings Earn Record $26.3 Million
- Time Lapse World Series Is A Great Play
- Oil Next Week
- The Week Ahead
- Nov. 20: Unusual Volume Leaders
- Twilight, Inc., A Worldwide Craze
- Latest Bullish Sign for Gold: Central Banks Are Big Buyers
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- 100% Mortgage Financing From USDA
- Holiday Tipping: Who And How Much
- Deep Discounts Should Make It a Very Tech-y Holiday
- Credit Markets on Edge About When Fed Will Raise Rates
- Bove: Expect Goldman To Increase Dividend Meaningfully
- Bullish Sign for Gold: Central Banks Are Big Buyers
- Victoria's Secret Hopes to Rekindle Desire for Lingerie
- High Roller Sues Harrah's for Lost Millions
- Wall Street Jobs Slow to Return Despite Record Profits
- Big Shareholders Ask Goldman to Cut Bonuses: Report
- Buying an Expensive House? Government Can Help
- Review: What It's Like to Drive the New Chevy Volt
RSS FEED
Text Size 
Wal-Mart is reporting third quarter earnings on Thursday and has so far out performed other retailers during the recession. The question is whether the retailing giant can continue to draw in customers as the recovery seems to be picking up.
Giving their opinions Wednesday were Daniel Binder, senior equity research analyst and managing director at Jefferies & Co. and David Strasser, hardlines/broadlines retail analyst with Janney Montgomery Scott.
"I think value is going to be in vogue for some time," said Binder. "And while other retailers are showing somewhat better results, I think that if you look out over the next few years, you are still going to see a very valued consumer and that's Wal-Mar'ts sweet spot. I think there are brighter days ahead for them."
Strasser agreed. "I think what happened was that when things were bad, Wal-Mart was ready and they had the right merchandise," said Strasser. "They re-modeled the stores and people liked what they saw and I think that will continue."
But there are some hurldes says Binder. "I think Wal-Mart faces its biggest challenge in food delfation, and the deflationary trends there," says Binder. "That's putting pressure on the top line and we should see that in their earnings results."
As for their growing online presence, Strasser says they are doing well. "The online business is so small for them that they can be aggressive about it," said Strasser. He went on to say that he expects to see more discounting for Wal-Mart's [WMT
Loading...
()
] online products.
Binder said that he didn't expect Wal-Mart to surprise on the upside with their earnings because of the food deflation issue.
______________________________
CNBC Data Pages:
- Dow 30 Stocks—In Real Time
- Oil, Gold, Natural Gas Prices Now
- Where's the US Dollar Today?
- Track Treasury Prices Here
______________________________
CNBC Slideshows:
___________________________
______________________________
CNBC's Companies in the News:
Motorola [MOT
Loading...
()
]
Macy's [M
Loading...
()
]
______________________________
Disclosures:
Both Strasser and Binder own Wal-Mart stock.
Data is a real-time snapshot *Data is delayed at least 15 minutes