Buying Walmart Stock Could Be the Smartest Thing You Ever Do
While Walmart's (NYSE: WMT) stock price fell by around 5% last week after reporting its fiscal fourth-quarter results, the company's business is still strong and long-term investors should take notice. Walmart capped off a very good year, which ended on Jan. 31, with a 7.5% year-over-year revenue increase in Q4 to $152.3 billion after removing the effects of foreign currency translations. For 2021, management expects a low single-digit percentage increase in adjusted sales, and operating profit to stay flat or increase slightly.
