Walmart Stock Nears All-Time High Despite Sounding an Alarm on the Economy. Should Investors Be Concerned?

Wall Street is rewarding Walmart for executing during a challenging operating environment.Walmart (WMT +1.96%) just reported another solid all-around quarter, especially considering many retailers are struggling due to cost-of-living increases, which is straining consumer spending and hitting the lower and middle classes particularly hard. Walmart is on track to beat the S&P 500 for the second consecutive year and has more than doubled over the last three years, compared to a 65% gain in the S&P 500.Let's c ...