It would make little sense to take a step backward into bricks and mortar when consumer trends are so clearly shifting toward online purchases.
I'm an advocate of owning shares, so this would be positioned around a long position.
A company needs both sales and profit growth, and Kraft Heinz isn't going to give you either on a sustainable basis.
Buffett 'knows' Kraft Heinz well (he'd been on the Board for several years) and is capable of making a quick decision.
The media will be seeking comments from Warren Buffett but I like to keep it simple and look at the charts and indicators.
Those that dumped Walmart when they said they were investing in themselves were shortsighted.
WMT's performance after earnings the last two years leads me in this direction.
Progress here was overshadowed by the less than stellar forward guidance.
The sales story is what will really drive Walmart's stock today.
Pepsi looks like a safe play to analysts.