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Walmart Stock Has Been a Big Winner Recently. But Is It Overvalued Now?
The company has seen particularly rapid growth in e-commerce and advertising.
Membership income is growing at a robust double-digit rate, fueled by Walmart+ subscriptions in the U.S. and Sam's Club growth in China.
Shares of Walmart (NASDAQ: WMT) have surged over the past year, rising more than 30% as of this writing. This return nearly doubled the S&P 500's gain over the same period. It makes sense that shares are up, but should they have risen as much as they have?No doubt the underlying business has performed well recently, particularly considering Walmart's growth has occurred in the face of an uncertain macroeconomic environment. The supermarket retailer specialist's progress during a period like this, therefore, demonstrates Walmart's resilience. But with a price-to-earnings ratio in the forties, valuation risk is becoming a real concern.Is Walmart stock overvalued? Let's take a look.
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Walmart stock pauses on MLK Day — what could move WMT when markets reopen
Walmart (WMT.O) shares closed Friday higher by 0.42%, at $119.70. U.S. markets will be closed Monday for Martin Luther King Jr. Day, setting up the next trading test for Tuesday’s open. (MarketWatch)
The setup is crucial as Walmart approaches an index reshuffle that could temporarily skew supply and demand. Index-tracking funds—those aiming to replicate rather than outperform—might be forced to buy or sell within a tight timeframe, potentially causing unusual moves in this liquid stock.
Nasdaq announced that Walmart will take AstraZeneca’s spot in the Nasdaq-100 ahead of the market open on Jan. 20. The Nasdaq-100 covers the largest 100 non-financial firms on Nasdaq, and such index swaps often spark automatic trades right as the session begins. (Reuters)
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