Market Currents
Consumer staples companies face a squeeze as both consumers and major customer Wal-Mart (WMT)...
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Tuesday, March 6, 2012, 9:42 AM ETConsumer staples companies face a squeeze as both consumers and major customer Wal-Mart (WMT) have had enough of higher prices. Trading at 16X earnings vs. the S&P 500 at 12.8X, "(Staples) companies are going to have to get back to basics and not raise prices much," says Jones' Jack Russo.
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