CNBC Stock Blog
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Art Cashin: Caution 'Growing' in Financials, Dividend Moves
- 3 Software Stock Picks from Lazard's Senior Analyst
- Investors Bet on a New Year's Rally For eBay
- Why You Should Play the Reflation Trade: Stock Picker
MOST SHARED
- Kuoni CEO Sees Recovery in Travel Sector
- Gold Retreats from Record High as Dollar Rebounds
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Chinese Overcapacity is Worsening, EU Chamber Warns
- Great Britain, No Longer That Great: Investor
- Wal-Mart Price Pressure Hurts China Workers: Report
- China Unveils Carbon Target Ahead of Copenhagen
- Hyundai-Kia Targets Rapid China Growth in 2010
- Euro Shares Record Biggest Drop in 7 Months
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Fannie Mae to Tighten Lending Standards: Report
- Black Friday to Avoid Red Ink; Greenback Gets the Blues
- Investing in Good Karma – and Making a Profit
- Retailers Should Believe in Christmas Miracles
- Wal-Mart Price Pressure Hurts China Workers: Report
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- Where Do Pardoned Turkeys Go?
RSS FEED
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.








