Walmart Stock Just Hit an All-Time High. What Drove the Gains?

Walmart (NYSE:WMT) stock surged more than 7% today to a fresh all-time high on the back of a very strong fiscal Q1 earnings report. The market is eating up the results and investors appear to believe there are more good times ahead for the discount retailer.Walmart beat on both the top and bottom line, reporting an uptick in spending from more affluent consumers. Additionally, strong e-commerce growth has bolstered the thesis that Walmart is much more than a brick-and-mortar play. Its U.S. business saw 22% ...