Walmart sees significant growth and success in 2024, with focus on technology and e-commerce

From Nasdaq: 2024-12-18 08:00:00

Walmart stock has surged 78.7% this year, outperforming Amazon. The company’s investment in technology, AI, and same-day delivery led to record earnings and the title of Yahoo Finance’s “Company of the Year” for 2024. CEO Doug McMillon’s strategic focus on tech and acquisitions drove Walmart’s success, surpassing competitors like Target. Walmart’s online business saw significant growth in e-commerce sales, with U.S. e-commerce sales rising 22%. The company is expanding its marketplace and exploring innovative delivery methods, like drone deliveries. Walmart’s improved shopping experience attracted more affluent customers, expanding its market share. Operating margins at Walmart have expanded, with expected operating income growth of about 10% annually. Walmart’s healthy cash flows allowed for significant stock buybacks. Broker recommendations for Walmart average 1.25, with 81.58% Strong Buy and 10.53% Buy. Walmart’s stock appears slightly overvalued compared to the industry, with a forward P/E ratio of 38.35X. The technical chart for Walmart stock shows a bullish trend, with strong investor confidence and high trading volumes. Walmart ETFs like FSTA, VDC, XLP, RTH, and IEDI minimize company-specific risks for investors.



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