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Berger: Why I’m buying Walmart

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Equities have seen a really poor start to the year, says Serge Berger. But as the broader markets dropped, Walmart managed to rally, which is why Berger is looking to buy the stock.

Berger is also bullish on the stock from a technically perspective, arguing that the stock is oversold and that the current support and momentum is making the stock look much better. So Berger is set to buy the stock at USD 63.50 with target at USD 68.50 and a stop at USD 61.00.