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Wal-Mart Stores (NYSE:WMT): Current Price $70.01
Wal-Mart and Kraft Foods Group (NASDAQ:KRFT), among others, are lowering their forecasts and altering sales and marketing strategies as they expect consumers to dine out less and trade down to cheaper purchases due to worry about a possible economic impact of the recently restored federal payroll tax that has left Americans with less disposable income, according to the Wall Street Journal. The companies say that the expiration of the payroll tax cuts that reduced consumers’ take-home pay by 2 percent is having a definite impact.
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