WSJ's Take On the Week

Why Walmart Is Trading Like a Big Tech Stock

32 snips
Feb 16, 2025
Dana Telsey, CEO of Telsey Advisory Group, shares her insights on Walmart's impressive stock surge, drawing parallels to big tech trends. She discusses Walmart's successful strategies, including its appeal to higher-end customers and innovative products like the viral 'Wirkin' bag. The conversation also delves into the shifting landscape of luxury retail, exploring major players like LVMH and Chanel, and highlights differing approaches between Walmart and Target as they navigate evolving consumer preferences.
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INSIGHT

Persistent Inflation

  • Inflation persists at 3%, hindering the Fed's justification for rate cuts.
  • Markets remain bullish despite this, possibly due to hopes of a growth-oriented Trump agenda.
INSIGHT

Tariff Tactics

  • The market seems to view Trump's tariff pronouncements as negotiating tactics rather than firm policy.
  • This explains the market's resilience despite ongoing tariff discussions.
INSIGHT

Walmart's Success

  • Walmart's stock is booming, trading like a tech stock with a high P/E ratio.
  • This success is attributed to their business strategy, not solely consumer behavior.
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