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Walmart is ‘dead money’ as the Dow stock sits in a bear market, says trader

Keris Lahiff

Costco COST is at all-time highs, Target TGT is within reach of its best levels of the year, but Walmart WMT has been left in the dust. The original big-box retailer sits in a bear market after punishing sell-offs this year. The problem, he says, is the amount of cash Walmart has splashed to compete against more entrenched e-commerce players such as Amazon.