Analysts at Telsey Advisory Group (TAG) said Walmart (WMT) is their top stock pick for the upcoming holiday season, with the retail giant set to report earnings for its fiscal Q3 2024 on Nov. 19.
“We also expect a continued solid contribution from the company’s higher engagement with upper-income households,” TAG analysts led by Joseph Feldman said in a note. “This should be partly offset by disinflation/deflation in select categories and ongoing pressure from the challenging consumer spending environment,” they added.
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