CNBC Pro

Wall Street gives Wal-Mart wage hike thumbs down

An employee in a Walmart store.
Getty Images

When Wal-Mart announced it would raise the minimum wage for a half-million hourly workers, the reaction from Main Street to Pennsylvania Avenue was universally positive, heralding the company for doing the "right thing."

Wall Street likes "sure things," not the right thing.

More In Investing

CNBC ProBest trades on CNBC Friday: Cramer's stay-at-home stock, DocuSign sinks, and some megacap tech picks
CNBC ProHere are Credit Suisse's highest conviction stock picks heading into December