Walmart stock on a roll, not done yet, Barron’s says

Shares of Walmart soared 7% to a new high on Thursday, their biggest jump since the start of the pandemic. It was the best performer in the S&P 500 that day, and has climbed over 20% this year alone. It looks like the stock isn’t done yet, Teresa Rivas says in this week’s edition of Barron’s. As the company’s most recent results show, there’s more runway ahead as its strategy accelerates, the author adds. Walmart is expected to rapidly boost its earnings over the coming years, the publication says.