Bloomberg Businessweek cover image

Bloomberg Businessweek

Walmart's Business Mix-Shift Aids Sales, Profit

May 16, 2024
36:58
Snipd AI
Bloomberg Intelligence Senior Retail Analyst discusses Walmart's profit growth and changing business mix. Bloomberg News Health Care Reporter shares 23andMe's challenges. Qualcomm's Head of AI talks about on-device artificial intelligence. Drive to the Close with Hennessy Funds CIO on mid-cap investments.
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Podcast summary created with Snipd AI

Quick takeaways

  • Walmart's business mix-shift boosts operating income faster than sales
  • Qualcomm's Head of AI discusses the rise of on-device artificial intelligence

Deep dives

Mid-Cap Stocks Selection Criteria and Strategy

The portfolio manager emphasizes the selection criteria for mid-cap stocks, focusing on companies between $1 and $10 billion in market cap. The fund looks for out-of-favor companies with valuations below 1.5 times sales, displaying earnings growth and positive stock performance. The strategy aims to identify undervalued but potentially growth-oriented companies.

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