Core Viewpoint - Walmart has transitioned its stock listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market, marking a significant shift in its financial journey after over 53 years on the NYSE [1][2][4]. Group 1: Historical Context - Walmart's shares have been traded on the NYSE since 1972, following its public offering in 1970 [2][3]. - The company's stock has appreciated over 536,000% during its time on the NYSE, highlighting its substantial growth [3]. Group 2: Market Capitalization - As of its last trading day on the NYSE, Walmart's market capitalization exceeded $905 billion, making it the largest company to ever transfer stock exchanges [4][12]. - The previous largest company to switch exchanges was Linde, with a market value of $180 billion at the time of its move [12][13]. Group 3: Reasons for the Move - Walmart's decision to move to the Nasdaq is influenced by its desire to align with a more technology-focused image, distancing itself from legacy companies typically associated with the NYSE [5][7]. - The Nasdaq is home to many high-growth tech companies, which Walmart aims to be associated with as it integrates automation and AI into its operations [8][9]. Group 4: Potential Impact on Stock Performance - The move to the Nasdaq could psychologically position Walmart as a tech-focused growth stock, potentially attracting more investor interest [15]. - Walmart's shares have performed well in 2025, with a year-to-date increase of over 25%, and are nearing an all-time high [17]. - The company is approximately $95 billion away from reaching a market cap of $1 trillion, needing a 10.5% increase in stock price to achieve this milestone [17][18].

Core Viewpoint - Walmart has shown strong performance in 2023, with shares up 25%, outpacing both Amazon and the S&P 500, driven by two key catalysts: online advertising and e-commerce growth [1]. Group 1: Online Advertising - Walmart's global ad business grew by 53% year over year in Q3 FY26, indicating significant potential for revenue growth and profit margin enhancement [4]. - Online ads, while not a large part of Walmart's business, are growing rapidly and can improve profit margins compared to the low single-digit margins typical in the retail industry [3]. - The contribution of online ads is reflected in Walmart's 34% year-over-year net income growth, despite only a 6% increase in revenue [6]. Group 2: E-commerce Growth - E-commerce sales have shown strong performance, with a 27% year-over-year growth in Q3 FY26, demonstrating Walmart's ability to compete effectively with Amazon [7]. - Walmart's stores function as logistics hubs, allowing for efficient nationwide delivery and reduced shipping costs, which supports e-commerce growth [7]. - The increase in e-commerce sales is also expected to drive higher ad revenue, mirroring trends seen at Amazon [8]. Group 3: Consumer Spending - The company's performance is closely tied to consumer spending, which needs to remain resilient for continued revenue growth [9]. - Despite potential consumer pullbacks, Walmart's focus on low prices positions it well during economic downturns, allowing it to thrive even in challenging economic conditions [10]. - Recent data from Adobe Analytics indicates a 7.7% year-over-year increase in Cyber Monday sales, suggesting continued consumer spending, which could bode well for Walmart in 2026 [11].

Key Takeaways Walmart International net sales rose 11.4% to $33.7B, with adjusted operating income up 16.9%. Flipkart's Big Billion Days shift boosted e-commerce volumes and drove higher international ad revenues. China sales hit $6.1B, with digital penetration near half of sales supported by rapid fulfillment speeds.Walmart Inc.’s (WMT) International unit stood out as the company’s strongest engine of growth in the third quarter of fiscal 2026, offering a clear window into how its global momentum is taking ...

>> ALL RIGHT, WELCOME BACK, EVERYBODY. WALMART RINGING THE OPENING BELL TODAY AT THE NASDAQ AS THE COMPANY TRANSITIONS ITS SHARES TO THIS EXCHANGE FROM THE NYSE. JOINING US RIGHT NOW AHEAD OF HIS DEPARTURE FROM HIS ROLE HEADING THE COMPANY IN JANUARY IS DOUG MCMILLON.HE IS WALMART'S CEO. AND DOUG, THANK YOU FOR JOINING US THIS MORNING. GOOD MORNING.WE HAVE SO MUCH TO TALK ABOUT. NOT A LOT OF TIME. SO LET'S JUMP IN RIGHT AWAY WITH WHY YOU'RE MAKING THIS MOVE TO THE NASDAQ.THAT'S A REALLY BIG DEAL. IT'S THE B ...

Walmart ringing the opening bell today at the NASDAQ as the company transitions its shares to this exchange from the NYSC. Joining us right now ahead of his departure from his role heading the company in January is Doug McMillan. He is Walmart CEO.And Doug, uh, thank you for joining us this morning. >> Good morning. >> We got so much to talk about, not a lot of time.So, let's jump in right away with why you're making this move to the NASDAQ. That's a really big deal. It's the biggest company that's ever mov ...

Doug, we we know you have to go. You're ringing the bell and you've got some things you have to do upstairs. Um, but very quickly, can you just give us kind of a heads up of where the consumer is right now.What are you seeing. You all have talked about how you've seen people who make $100,000 or more coming into the stores. What do you see at the lower end.>> Yeah, as we said when we released it, released our uh third quarter results. It's been really consistent for us. Now, we're benefiting from some share ...

Walmart's collaboration with Pinterest introduces a pilot program in the U.S. to make recipes shoppable, enhancing the online shopping experience.The initiative is part of Walmart's broader e-commerce transformation, which saw a 27% growth in its digital business in the third quarter.Despite a recent stock price dip, Walmart is favored by analysts for its stability and growth potential, with significant investments in logistics and technology.Walmart Inc. (NASDAQ: WMT) is a retail giant known for its extens ...

Core Insights - Tapestry, Inc. is recognized as a potential turnaround story in the retail sector, with positive developments under the leadership of Joanne Crevoiserat [1][2] - The company is part of a group of retailers that have performed better than expected, alongside brands like Ralph Lauren and Walmart, despite a general slowdown in hiring [2] Company Overview - Tapestry, Inc. designs and sells a variety of products including handbags, accessories, footwear, and apparel, with notable brands such as Coach, Kate Spade, and Stuart Weitzman [2] Market Performance - The stock has been highlighted for its strong performance, with Jim Cramer noting that Tapestry is among retailers that have exceeded expectations in a challenging market environment [2]

Core Insights - Costco and Walmart have demonstrated contrasting strategies in retail, with Costco focusing on its membership warehouse model and e-commerce expansion, while Walmart emphasizes omnichannel transformation and marketplace growth [1] E-Commerce Growth - Walmart's digital business grew by 27% in Q3, driven by store-fulfilled delivery and marketplace expansion, with capital expenditures of $18.6 billion aimed at logistics and technology [2] - Costco's e-commerce grew by 13.6% in Q4, supporting its core business rather than transforming it, with comparable sales rising across all regions [3] Financial Performance - Walmart's international segment saw a 10.8% increase in net sales to $33.5 billion, while Sam's Club reported $23.6 billion with a 3.1% growth [4] - Costco's net income increased by 10.9% to $2.61 billion, maintaining a profit margin of 2.94% and an operating margin of 3.88% [5] - Walmart's net income surged by 33.0% to $6.09 billion, with operating income remaining flat due to share-based compensation charges [6] Comparative Metrics - E-Commerce Growth: Costco at 13.6% vs. Walmart at 27% - Net Income Growth: Costco at 10.9% vs. Walmart at 33.0% - Operating Margin: Costco at 3.88% vs. Walmart at 3.73% - P/E Ratio: Costco at 49.02 vs. Walmart at 40.39 [7] Strategic Outlook - Walmart's ability to sustain 27% e-commerce growth without further margin pressure is under observation, while Costco faces the challenge of accelerating digital growth without compromising its membership value [8] - Walmart's international strength and Sam's Club stability provide more avenues for success if U.S. retail softens, whereas Costco's global footprint is solid but less diversified [8] Investment Appeal - Walmart is positioned as a more compelling option for growth investors due to its 33% net income growth and 27% e-commerce surge, trading at a lower P/E ratio compared to Costco [10] - Costco appeals to defensive investors seeking stability and a proven membership model during economic volatility [11]

Group 1 - Tapestry, Inc. (NYSE:TPR) is recognized as one of the retailers that performed better than expected amidst a macro rally, alongside brands like Ralph Lauren and Walmart [1] - The company designs and sells a range of products including handbags, accessories, footwear, and apparel, with notable brands such as Coach, Kate Spade, and Stuart Weitzman [2] - Tapestry's CEO has been highlighted for delivering a compelling narrative about the company's direction, indicating strong leadership and strategic vision [2] Group 2 - Despite the positive outlook for Tapestry, there is a belief that certain AI stocks may present greater upside potential and lower downside risk compared to TPR [2]