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Morgan Stanley says Walmart is an 'everything store' and 'everything stock' with room to run

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People shop at a Walmart store in Rosemead, California on May 23, 2019.
Frederic J. Brown | AFP | Getty Images

Walmart has blown past Morgan Stanley's expectations as the box store establishes its invaluable place in the retail world, while growing earnings.

The firm said Walmart's strategy is working with 4.5% earning growth in the first half of the year, after five consecutive years of decline.

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