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Two Ways: Wal-Mart to Blow Into Windy City


Strengthen your portfolio in good times and bad.


Number-One Retailer Eyes Number-Three City

While others contract, Wal-Mart (WMT) is looking to expand. According to the Wall Street Journal, the world's largest retailer wants to increase the size of its footprint in Chicagoland, and is trying to tempt city leaders with promises of jobs and sales-tax dollars.
Pre-recession expansion plans were rebuffed. The company has just 1 store in the Chicago area, but hopes to open 6 more in the near future,

Professor Jeff Macke mentioned Wal-Mart last week in Apple Looking Shiny; Banking on Morgan Stanley - for Now.

From the Bull Pen: In retail, bulls can look to AutoZone (AZO) for an upside play. One option is to enter on a pullback to $135. Sell stops can be set below that level.

From the Bear Cave: Although this is the type of activity investors like to see in companies during difficult times, Wal-Mart's chart looks technically broken. Bears playing the downside can set a buy stop above $50.

Quick Check Around the World

Asian trading closed with the Hang Seng -2.46%, Nikkei -0.29%, Sensex -0.33%, Taiwan 1.10% and Shanghai -0.19%.

Glancing towards Europe, we see the CAC -0.22%, DAX 0.24%, FTSE 0.01%

As of 8:00 a.m. EST, S&P futures are trading -3 to 862.00, and Nasdaq futures are -1 to 1275.00.

A Look At Commodities

Crude oil is trading +0.21 to 37.76. Gold is +13.0 to 927.20. Silver is +0.21 to 13.340, and copper -3.10 to 154.50.

The dollar index is -0.220 to 85.9150.

On the Radar


07:00 MBA Mortgage Applications
07:00 Bloomberg Global Confidence
08:30 Trade Balance -35.9B

Click here for the full trading radar.

Happy Hump day! Good luck!

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No positions in stocks mentioned.

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