Walmart's Performance Closely Matches the S&P 500. Here's Why You Should Not Buy the Stock.

Walmart (WMT -0.91%) initially built its success on revolutionizing small-town retailing and its IT-driven supply chain. However, as its initial strategy ran its course, it became better known for paying low wages and squeezing suppliers than for offering a compelling retail experience.In recent years, a pivot into e-commerce and offerings such as digital advertising and subscription services seemed to improve Walmart's prospects and arguably made it a proxy for the S&P 500. Unfortunately, these improvement ...