Walmart+ joins with Expedia

Article Excerpt

WALMART INC. $160 is a buy. The retailing giant (New York symbol WMT; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 2.7 billion; Market cap: $432.0 billion; Price-to-sales ratio: 0.7; Dividend yield: 1.4%; TSINetwork Rating: Above Average; www.walmart.com) is teaming up with online travel booking provider Expedia Group Inc. (Nasdaq symbol EXPE). Note—Expedia is a recommendation of Power Growth Investor, our newsletter that focuses on aggressive stocks. The deal will let members of the company’s Walmart+ premium delivery service earn reward points on hotels, car rentals and other activities they book through Expedia. Thanks to alliances like this, Walmart+ has attracted over 20 million members since the company launched the plan in September 2020. Walmart is a buy. buy…