Buy Walmart, Target as online sales growth starts to outpace Amazon's: Bank of America

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Bank of American Merrill Lynch says Target and Walmart online sales are outpacing those at Amazon and urges clients to buy the stocks. Analyst Robert Ohmes says Walmart saw its U.S.-owned e-commerce growth accelerate to 43 percent in the third quarter, while Target jumped 49 percent year-over-year. Ohmes adds that the snowballing growth has been supported by the rapid expansion of buy-online, pick-up in store options.

2 COMMENTS

  1. Bank of American’s recommendations are not always good but it does seem to me that futures stock like Target and WMT are good buys at this stage of the market cycle

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