WMT Stock Summary and Trading Ideas (Walmart | NYSE:WMT)

Walmart serves as the preeminent retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,600 stores in the United States (5,200 including Sam's Club) and over 10,000 stores globally. Walmart generated over $440 billion in domestic namesake sales in fiscal 2024, with Sam's Club contributing another $86 billion to the firm's top line. Internationally, Walmart generated $115 billion in sales. The company serves around 240 million customers globally each week.

Walmart trades on the NYSE stock market under the symbol WMT.

As of May 13, 2024, WMT stock price declined to $60.41 with 17,199,523 million shares trading.

WMT has a beta of 0.30, meaning it tends to be less sensitive to market movements. WMT has a correlation of 0.08 to the broad based SPY ETF.

WMT has a market cap of $486.47 billion. This is considered a Mega Cap stock.

Last quarter Walmart reported $173 billion in Revenue and $.60 earnings per share. This beat revenue expectation by $3 billion and exceeded earnings estimates by $.06.

In the last 3 years, WMT stock traded as high as $61.66 and as low as $39.09.

The top ETF exchange traded funds that WMT belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

WMT has underperformed the market in the last year with a price return of +20.4% while the SPY ETF gained +27.8%. However, in the short term, WMT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.8% vs +4.3% return in SPY. But in the last 2 weeks, WMT shares have been beat by the market, returning +0.8% compared to an SPY return of +2.5%.

WMT support price is $59.90 and resistance is $61.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WMT stock will trade within this expected range on the day.