Walmart (NYSE:WMT) reported strong financial results for the first quarter, and the giant retailer is extremely profitable and has several highly promising initiatives at this point. Moreover, the firm has clearly become adept at attracting a large percentage of American consumers while generating high profits in the process. Given these points, I believe that Walmart and Walmart stock are likely to perform very well over the long term.
But on the other hand, the firm recently issued a negative earnings preannouncement. Its valuation is also very high and it could face increased competition from Amazon (NASDAQ:AMZN) in the medium-to-long term. Also importantly, the retailer is likely to be significantly hurt if former President Donald Trump reenters the White House next year. In light of these concerns, I view Walmart stock as a…
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