Lori Gilmore
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Wal-Mart cuts the yearly forecast

I think it’ll be reasonable to sell Wal-Mart in a short-term as the company cut profit forecast for this year.

Then the world’s largest retailer, said profit in the year ending January 2014 will be $5.10 to $5.30. That’s less than its earlier projection of $5.20 to $5.40. The reason for the reduction is

The falling of customer's traffic due to the higher payroll taxes in the second quarter. Sales at Wal-Mart U.S. stores open at least 12 months excluding fuel fell 0.3 percent in the quarter ended July 26, though nalysts estimated a 0.9 percent gain.

 Moreover looking on the daily chart we see that stochastics are going to the south and there is yet some potential for downside.