Walmart Shares Zip Past Amazon
June 13 2019 - 8:38AM
Dow Jones News
By WSJ City
Walmart shares are on a tear that some observers warn can't
last. For both the month of June and the second quarter of this
year, Walmart outperformed its rival Amazon, which tends to be a
favorite for investors seeking shares of highflying internet
companies.
KEY FACTS:
-- Walmart's shares have risen 7.3% over the past eight sessions, recording
their longest winning streak since Aug 2017.
-- Stock price gained 0.8% Wednesday -- hitting its highest close since
January 2018.
-- This is even as competitor Amazon and major US stock indexes notched
declines.
Why This Matters
Walmart's performance was surprising to some observers.
Walmart's business tends to be more focused on its
bricks-and-mortar stores, making it less flexible. Meanwhile Amazon
has been hit by concerns over greater regulation of technology
companies.
The two companies remain entrenched in a battle for online
shoppers, and investors might not want to get ahead of themselves
in terms of picking a winner.
A fuller story is available on WSJ.com
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(END) Dow Jones Newswires
June 13, 2019 08:23 ET (12:23 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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