Nice Move In Wal-Mart (WMT)

Wal-Mart WMT has been under some pressure year-to-date, falling 4.38%. During today's trading session, however, investors are rotating into the defensive name as the stock has jumped 1.69% to $51.07. Volume has been fairly heavy in the stock. WMT currently trades at a trailing P/E of 13.07, a forward P/E of 11.66, PEG ratio of 1.21. If the economic outlook continues to deteriorate, WMT is a logical beneficiary as consumers trade down to lower cost stores.