Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, June 24, 2016

Article Excerpt

PLEASE NOTE: Due to the Canada Day holiday, our next Hotline will go out on Thursday, June 30, 2016. WAL-MART STORES INC., $71.96, New York symbol WMT, is the world’s largest retailer, with 11,500 stores in 28 countries. The company has formed a new alliance with Chinese online retailer JD.com (Nasdaq symbol JD). Under the terms of the deal, JD.com will acquire Yihaodian—Wal-Mart’s shopping website in China. In exchange, Wal-Mart will receive a 5% stake in JD.com. The company will also continue to sell goods through Yihaodian. Teaming up with a market leader like JD.com will help Wal-Mart expand its online sales in China. OUR RECOMMENDATION: Wal-Mart is our top Conservative buy for 2016. Wal-Mart recent coverage Hotline for May 20, 2016 Hotline for April 15, 2016 GENUINE PARTS CO., $96.85, New York symbol GPC, distributes replacement auto parts, industrial parts, office products and electrical equipment. This week, the company announced two acquisitions: The first—Auto-Camping Ltd.—distributes replacement parts for European and other foreign automakers through 20 locations in Canada. Second,…