Brian Sozzi Says Sell Wal-Mart (WMT)

Brian Sozzi of Wall Street Strategies was on Yahoo Finance's "Breakout" program, and he said to sell Wal-Mart WMT. Sozzi put a sell rating on the world's largest retailer in December, and continues to be so. Earlier today, Wal-Mart CEO Bill Simon came out and said that he sees "serious inflation" in the coming months, as input costs continue to rise sharply. "Is it a distraction on the stock in terms of investors? I think it is to a certain extent because we don't know how this will play out," he said in the interview. "If they in fact lose this case it will be a significant charge to earnings." To see the interview in its entirety, please click here. At last check, shares of Wal-Mart were down 14 cents to $52.22, a loss of 0.27%.