Investor's Business Daily notes with caution that many financial newsletters support the purchase of Wal-Mart stock, based on analysis of fundamentals.
Nevertheless, Wal-Mart still has strong supporters among investment letters.Currently, nine letters recommend it.
That's a solid score -- making it tied for thirteenth place among stocks recommended by letters followed by the Hulbert Financial Digest. The most popular stock, Pfizer (PFE), is recommended by 17 letters.
And, yes, the most recommended stocks do tend to do better.
Wal-Mart's advisor score is actually higher now than at the start of 2004, when the stock was above $50 and seven letters recommended it.
Posted by Kevin on May, 16 2005 at 02:52 PM
