Is Walmart Becoming a Wealth Bellwether?

"I believe in the 'Walmart' school of business. The less people pay, the more they enjoy it." – Garth Brooks

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Investors have long used Walmart's $WMT earnings to gauge the financial health of the everyday, working-class U.S. consumer. When the Bentonville, Ark. retail giant reports its first-quarter results tomorrow before markets open, investors might also be able to assess the financial health of the higher-income demographic.

Ever since the pos...

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