Starting your investment journey can be both exciting and scary, and if you’re new to investing, you may not even know where to start. One thing is for sure, though: the stocks that are set to beat the market over the next 12 months serve as the perfect foundation for investors of all kinds.
Now, let’s break down why adding this exceptional stock, highlighted below, to your portfolio can be the secret to success.
Why you should pay attention to Walmart (WMT)
Walmart Inc. has evolved from just a traditional brick-and-mortar retailer to an omnichannel player. In this context, the acquisitions of Bonobos, Moosejaw and Parcel. Partnership with Shopify and Goldman Sachs. Shipping programs like Walmart+ and Express Delivery. and its notable investment in online e-commerce platform Flipkart. These allow the company to keep pace with the changing retail ecosystem and remain strong in the presence of rivals such as Amazon and Target. Remarkably, the products offered by Walmart include almost everything, from groceries to cosmetics, electronics to stationery, home furnishings to health and wellness products, and apparel to entertainment products.
Since being added to the Zacks Focus List on May 30, 2017 at a price of $78.13 per share, WMT’s stock price has increased 109.8% to $163.92.
Five analysts have revised their earnings estimates upward in the past 60 days for fiscal 2024, with the Zacks Consensus Estimate moving $0.02 higher to $6.45. WMT boasts an impressive average return of 11.6%.
Furthermore, Walmart’s profit for the current fiscal year is expected to increase by 2.5%.
Stock prices react to corrections, so buying stocks with rising earnings estimates can be very profitable. By adding to a focus list stock like WMT, you have a greater chance of gaining exposure to a company with increased future earnings estimates, which can lead to price momentum.
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Walmart Inc. (WMT): Free Stock Analysis Report
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