Sollte Walmart wirklich wie ein Technologieunternehmen handeln? Amerikas größter Einzelhändler wächst schnell im E-Commerce und könnte mit dem Wechsel an die Nasdaq weitere Fortschritte machen
https://www.wsj.com/business/retail/should-walmart-really-be-trading-like-a-tech-company-86329348?st=T1BgKM
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Gift link. Excerpt:
> America’s biggest retailer has become a true investor darling. Its shares have risen about 27% this year, bringing its market value above $900 billion. The stock is now valued at roughly 40 times forward earnings, more expensive on that metric than six of the Magnificent Seven stocks such as Nvidia and Microsoft. Historically, it has traded at a multiple of about 23 times.
> When Walmart moves its listing to the tech-heavy Nasdaq on Tuesday, its shares could move up another leg. Analysts at Morgan Stanley estimate that the Nasdaq inclusion could boost demand for Walmart’s shares from passive investment vehicles—such as ETFs and index trackers—by $20 billion or more.
> Few on Wall Street are betting against the retail giant. Only one Wall Street analyst out of the 42 that FactSet polls gives it a “sell” rating. As of September, Walmart was the least shorted stock in the S&P 500, according to BofA Securities.
> Walmart’s multiple has risen over the past three years as its supply chain and e-commerce investment paid off in higher profits. After many years of declining or flat earnings, Walmart’s net income is set to grow at a double-digit percentage for the third consecutive year. But there could be a bit of froth building up, too. This year alone, its forward earnings multiple has expanded nearly 20%, even as analysts on average reduced earnings expectations for the upcoming fiscal year.
It’s good to stabilize the market with its revenue streams. It is absolutely a competitor to Amazon.
No living wage for workers ever.
The stock market is completely disconnected from reality. The worst companies are being prioritized while a lot of actually decent companies are struggling.
It’s funny I think all of us thought that Amazon was on its way of putting Walmart out. I used Amazon for over a decade and never thought I would leave it. But since we live close to a Walmart, I decided to try Walmart plus for $98 and was tired of Amazon prime for 150.
We’ve been with Walmart plus for two years now and I have no desire to go back to Amazon. All the other perks Walmart gives are just better and then the deliveries from the store we’re addicted to.