Warren Buffet Increases Stake in Wal-Mart and J.C. Penney Q1 Earnings Beat Analysts' Expectations

Wal-Mart Stores Inc. (NYSE: WMT) has gained the confidence of Warren Buffet who has  added to Berkshire Hathaway's bet on Wal-Mart, increasing its stake in the retailer by 17 percent to 58.05 million shares during the first quarter. With a total value of $4.46 billion, the Wal-Mart stake is most likely being controlled by Buffett himself.The company recently reported slower sales growth and forecast disappointing earnings citing bad winter weather. Wal-Mart Stores Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart