Walmart (WMT) Analysis from Sep-Nov 2024
Overview and History
Walmart was originally founded as a “brick-and-mortar retailer” (Zacks Equity Research, 2024); however, it has evolved into the powerhouse that it is today by evolving alongside technology. Walmart has quickly become one of the largest e-commerce stores, as well as one of the largest retailer in the world.
Current Performance
On September 3, 2024, WMT closed at $77.33. On November 1, 2024, WMT closed at $82.19. The overall return was 6.28%.
News and Current Events
Walmart has recently been increasing its delivery services, as well as its Walmart+ services. Walmart+ is a subscription service like Amazon Prime that provides free delivery, shipping and more. Walmart’s increase in these areas shows promise to investors for future investments.
Outlook, Prediction, and My Recommendations
Walmart is a very reliable company and has consistently increased its value over its years. Walmart has high momentum in the stock market, and investors have seen strong earnings and expect to see this increase for quite some time. It is recommended to invest in Walmart in the future.
Sources
Financial data is from Yahoo! Finance
Zacks Equity Research. (2024, September 24). Here’s why Walmart (WMT) is a strong momentum stock. Yahoo! Finance. https://finance.yahoo.com/news/heres-why-walmart-wmt-strong-135013422.html
