Who did well in today's sell-off?

[Cornish Steve]

I was browsing through the numbers for today's sell-off in the US to see whether they reveal any winners. As it happens, there were two clear winners:

- WalMart's shares climbed as they announced good results.
- Family Dollar's shares climbed over 12%.

In other words, companies that offer very low prices on the basics appear to be thriving. The higher end companies (take Macy's, for example) are struggling. I suppose it's obvious if we think about it, but there are opportunities right now for companies that compete aggressively on price and have done everything possible to cut costs.

[sirearl]

to true many forum members seemed to think I was wrong to use the word " cheap" in my sites.

Little did they know.Thats what the world wants .

Over here its Lidel and the other cut price stores that are doing well also.

Earl

[An Oasis]

From our client base a big % of large corporates seem to be struggling/cutting back. But the middle market (SME's) seems to be incredibly buoyant. To the point that we don't even have to chase invoices most of them are paying in advance!!! Is anyone else seeing this?