Topic: How To Invest

Wall Street Stock Forecaster Hotline Friday, January 29, 2021

Article Excerpt

WALMART INC., $140.49, New York symbol WMT, is your #1 Conservative Buy for 2021. The company is the world’s biggest retailer, with 11,484 outlets in 27 countries. Walmart continues to benefit as the COVID-19 pandemic prompts consumers to stock up on food and household goods at its stores and Internet sites. We feel the company is in a strong position to keep growing as the pandemic eases. For example, it recently launched a new premium service called Walmart+. For $98 a year, members receive unlimited free delivery on more than 160,000 food and other items as well as exclusive discounts on in-store and gasoline purchases. The ability to offer fresh foods and gasoline should give Walmart an advantage over’s popular Amazon Prime service. The company will probably earn $5.58 a share in the fiscal year ending January 31, 2021. The stock trades at a high, but still reasonable, 25.2 times that estimate. Investors should also look for the company to raise its dividend…

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