Walmart is changing

Just when investors were going crazy over e-commerce players taking over retail and they became skeptical on the prospects of the brick and mortar operators, Walmart (WMT) turned up with its best financial year in decades. It had a strong financial performance and share price movement.

Walmart is changing fast. It isn’t just a store operator anymore. It’s a key e-commerce player in the US and the world’s largest retailer (XRT). Walmart has strong digital and e-commerce capabilities. To reflect the shift, Walmart announced that it’s changing its name to Walmart Inc. from Walmart Stores Inc. The change will be effective on February 1, 2018.

Walmart Drops “Stores” from Its Name

With consumers shifting toward online shopping, Walmart strengthened its digital business. The company’s digital initiatives bode well for consumers. Walmart rolled out numerous customer-friendly initiatives that save time and money. The initiatives are reflected in its bulging online sales. How much more could Walmart stock rise? Will Walmart sustain its growth momentum in fiscal 2019?

In this series, we’ll discuss Walmart’s YTD (year-to-date) performance and its outlook for next year.

Walmart’s stock performance

Walmart is having a great year in terms of its stock price movement. Currently, it’s trading at record levels. Walmart closed at $97.28 on December 6, 2017—up ~40.7% on a YTD basis. Walmart outperformed its peers. Costco (COST) stock rose 21.7% during the same period. Meanwhile, Target (TGT) stock has fallen 15.9% since the beginning of this year. The S&P 500 (SPX) has risen 17.4% on a YTD basis.

Latest articles

WeWork is gearing up for an IPO. On Wednesday, the company made its IPO filing with the SEC public and expects to garner $3.5 billion from its IPO.

After FCC Chairman Ajit Pai recommended the approval of the T-Mobile–Sprint merger, Representative David Cicilline urged the FCC to allow public comment.

Cresco Labs (CRLBF) is set to report its Q2 earnings on August 21 after the market closes. The company's stock fell 5.3% yesterday.

Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.

NVIDIA (NVDA) stock soared 6% in today’s trading session as its Q2 earnings for fiscal 2020 beat estimates. However, its guidance missed estimates.

Nio Inc. (NIO) has disrupted the automotive space since 2014 but only made waves in the market since its IPO. Investors have suffered numerous setbacks.