Reported 10 days ago
Billionaire investor Ken Fisher has highlighted Walmart Inc. (WMT) as a top choice among defensive stocks, showcasing its stability with a beta value of 0.71 and a solid $4.4 billion stake from Fisher Asset Management. Walmart's recent success is reflected in a 5.2% sales increase and a significant boost in e-commerce, with online sales soaring to 18% of total revenue. Fisher's outlook includes a bullish sentiment on value stocks, indicating potential growth for Walmart amidst other investments, while maintaining a cautious stance on the overall market direction.
Source: YAHOO