Walmart Stock Is Up 29% This Year. Can the Rally Keep Going?

This global retail blue chip is benefiting from several growth tailwinds.Walmart (WMT 0.61%) has been ringing up the register for investors with shares returning 29% thus far in 2024. The first-quarter results from the world's largest retailer were highlighted by solid growth and expanding margins. At a time when consumer pocketbooks are stretched dealing with lingering inflation and high interest rates, Walmart is benefiting from U.S. shoppers looking for a good deal.On the other hand, is the stock still a ...