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Stock impact report

Tax refunds are about to give everyday Americans a boost. BofA says buy these 8 stocks to ride the wave of spending. [Business Insider]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Michael M. Santiago/Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in BofA says Americans' tax refunds are a tailwind for some stock sectors. The bank flagged two categories of retail stocks that benefit this tax season. Value retailers like Dollar General, and "broadline" retailers like Walmart could see gains this tax season. Tax season approaches , and with the promise of refunds hitting Americans' bank accounts comes potential positive impacts for the stock market. Bank of America analysts think that coming tax refunds will provide fresh stimulus for the US economy in the form of both bigger refunds and smaller tax bills. The bank's analysts estimate that the total boost to GDP could amount to as much as $140 billion. Some of the value could come from the state and local tax (SALT) cap, no tax on overtime or tips , and an increased standard deduction for seniors. Bof Show less Read more
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