Wal-Mart Stores, Inc. (NYSE:WMT) is renovating and updating a lot of its stores. It is adding self-check out lines to expedite customers coming in and out of the store. It is also allowing customers to purchase items online and pick them up in stores. Because of this, Wall Street analysts are expecting a 6% growth in net income next year.
As Wal-Mart Stores, Inc. (NYSE:WMT) continues to grow, its relationship with The Procter & Gamble Company (NYSE:PG) has the potential to grow as well.
The Procter & Gamble Company (NYSE:PG) has strong margins and return on equity. It isn’t as strong as Johnson & Johnson (NYSE:JNJ), but that is because it focuses on consumer products and not big pharma. Just because another competitor has a stronger income statement, it doesn’t mean The Procter & Gamble Company (NYSE:PG) isn’t strong.
Institutional investors are increasing their positions, and its largest customer is continuing to grow. These are all great signs for investors.
The article Why You Should Buy This Blue Chip Stock originally appeared on Fool.com.
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