Shares of what we call “The #1 Stock to Own Right Now” keep going up.
We’re talking about Wal-Mart (WMT), the undisputed “King of Retail.”
And in case you missed it, the stock hit a brand new all-time high last week.
Take a look…
For example, the stock is up 49.2% since this September 2010 alert… up 46.2% since this October 2010 alert… up 47.6% since this December 2010 alert… and up 41.5% since this January 2011 alert.
The list goes on…
It’s up 45.4% since this June 2011 alert… up 47.7% since this July 2011 alert… up 45.6% since this August 2011 alert… and it’s up 30.5% since this December 2011 alert.
This year alone Wal-Mart is up 30.0% since this January 2012 alert… up 25.6% since this March 2012 alert… up 25.1% since this April 2012 alert… and it’s up 29.0% since this May 2012 alert.
The question now is, what’s next?
Action to Take: While we don’t have a crystal ball, one thing is certain: after such a large run-up, Wal-Mart (WMT) is no longer the ridiculous value that it was just a few short months ago. However, by a couple different measures, the stock can still be considered cheap. And even though it’s hitting new highs, a case can be made that shares could keep soaring.
Good investing!
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