Keep an eye on Walmart (WMT).
After a recent dip to $77.49, the stock is just starting to pivot higher again. Last trading at $80.33, we’d like to see it test $85 initially.
Helping, analysts at Truist just upgraded the retailer stock to a buy rating, noting that “Walmart continues to gain share across income levels, due to its focus on price, convenience and assortment. Our work suggests that the company is increasingly using its rapidly growing, higher-margin revenue streams like advertising, membership and marketplace to both expand price gaps/gain share and structurally push margins higher,” as quoted by MarketWatch.com.