GOIH Capital Markets: Wal-mart (WMT) Downgraded by Merrill Lynch

WMT was downgraded today by Merrill Lynch to a sell. As we had posted here earlier this week, we saw a slow down in consumer spending in the low end consumer retail sector.

Apparently Merrill Lynch saw the same analysis and down graded WMT before the market opens.

We will open a trading position in WMT.