3 Dogs of the Dow to Sell Now
The Dow is rebounding today, but don't underestimate Tuesday's tumble. The index and some of its components are in trouble.
Dogs of the Dow to Sell: Walmart (WMT)
Click to Enlarge After ripping higher between February and April to test its early December high, Walmart (WMT) is coming under pressure after reporting weaker-than-expected earnings last week.
Earnings per share came in at $1.10 vs. the $1.15 that was expected while revenue missed at $115 billion vs. $115.9 billion expected. But the kicker was a drop in U.S. same-store sales, suggesting that the consumer is under pressure.
A drop to test two-year support near $72 looks likely, which will be worth about a 5% decline from here.
Article printed from InvestorPlace Media, http://investorplace.com/2014/05/3-dogs-of-the-dow/.
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