Filed under: Dell (DELL), Wal-Mart (WMT), Newsletters, Target Corp. (TGT), Stocks to Buy

“Wal-Mart (NYSE: WMT) delivers amid the recent retail meltdown,” says Richard Moroney, editior of Dow Theory Forecast, a blue chip service that has been published for over 50 years.

The advisor adds, “The company stands to benefit as cost-conscious shoppers shift away from convenience in favor of value.” Here is his review of the stock, which earns his “long-term buy” rating.

“As evidence of strain on the U.S. consumer mounts, Wal-Mart Stores continues to post solid results.The nation’s biggest retailer delivered U.S. same-store-sales growth of 2.4% excluding gasoline sales in December, while rival Target (NYSE: TGT) saw same-store sales fall 5% and other discounters and department stores also delivered bad news.

“With decent operating momentum and solid long-term growth prospects, Wal-Mart shares seem reasonably valued at 14 times the consensus profit estimate for the year ending January 2009. Meanwhile, the company is getting bigger and better.

Continue reading Wal-Mart (WMT): A ‘cost-conscious’ value

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