Core Conviction Spotlight: Walmart $WMT

Walmart was built for in-store shopping. Nearly every store sits within ten miles of most Americans, and for decades, that physical footprint defined the brick-and-mortar giant.

But now, “in-store shopping” and “brick-and-mortar” are no longer the sole defining traits of Walmart.

The company may have had a slow start to online shopping and only truly jump-started its expansion into e-commerce less than a decade ago, with the acquisition of Jet.com in 2016.

But that same massvie, physical footprint now powers e-commerce growth by turning local stores into fulfillment hubs, expanding delivery, and adding marketplace scale.

Once it’s biggest weakness, Walmarts expansive physical store network is now the retailer’s biggest edge.

In the past year alone, WMT shares have risen 50% — even as consumers struggled with persistent inflation and the stock managed tariff uncertainty.

LikeFolio members who have played WMT to the upside with us can tout a ~150% gain since our early covid winners report!

What made Walmart’s expansion into e-commerce successful? And are those same drivers poised to push WMT shares even higher?

Let’s dive in…

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