$WMT Walmart pay day falls through.

Walmart suffered a setback yesterday with news that the Salisbury Groups proposed purchase of Walmart owned UK ASDA supermarket chain has come to a end. Walmart is a core holding in many portfolios and tends not to be to volatile and a safe bet. From the January highs there has been a selloff as money has rotated back into the high flying tech sector but that will not continue, earnings are approaching and this could be a winner.