Walmart (NYSE: WMT) hasn’t delivered the value investors might have expected recently, but with COVID-19 lockdowns coming to an end, could it be set for a resurgence?
Walmart hasn’t lived up to the expectations of investors this year, but with the impact of COVID-19 lingering in the year, it isn’t a surprise. With lockdowns coming to an end in North America, could this large-cap stock be set for a resurgent 2H/21?
This article discusses the key things you need to know about Walmart. We explain what the company is, its investment prospects, and the best places to buy WMT shares in the UK and elsewhere.
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What is Walmart?
Founded by Sam Walton in Arkansas in 1962, Walmart is a world-renowned American multinational retail corporation. It operates an international chain of hypermarkets, department stores and grocery stores under various brand names.
Should I buy Walmart stock right now?
The founding family of the company, the Waltons, have recently sold around $2.1 billion of stock. This has created a decline in WMT’s share price, and it would usually be enough to put investors off.
However, we feel that Walmart will enjoy revenue and sales growth in the coming years as the impacts of the COVID-19 pandemic begin to wane.
Before you invest, make sure you conduct your own objective research to see how you think the company should be valued. If it falls below your projected price, buying and holding shares for the long term could be a good option.