Why Walmart Stock Jumped 29% in the First Half of 2024
Walmart(US:WMT) The Motley Fool·2024-07-15 19:45Business is good, and investors are more bullish than they've been in over a decade.Shares of retail giant Walmart (WMT 0.87%) were up 28.8% in the first half of 2024, according to data provided by S&P Global Market Intelligence. This compares to a 14.5% return for the S&P 500 during this time. Through mid-May, Walmart was only outperforming the market by a trivial amount. But after it reported financial results for its fiscal first quarter of 2025 on May 16, Walmart stock took a pronounced jump higher.Walm ...