10 Low Volatility Stocks to Buy According to Billionaire Ken Fisher

1. Walmart Inc. (NYSE:WMT)

Beta Value: 0.70

Dividend Yield: 1.09%

Fisher Asset Management’s Q4 Stake: $4.4 billion

Number of Hedge Fund Holders: 116

Walmart Inc. (NYSE:WMT) ranks as the largest brick-and-mortar retailer in the world, with over 100,000 stores. The company’s business sectors include Walmart US, Walmart International, and Sam’s Club, offering offer a range of goods like fashion, electronics, and household goods.

Walmart Inc.’s (NYSE:WMT) net income for the three months ended January 31 was $5.25 billion, down from $5.49 billion the previous year. Revenue, however, increased from $173.39 billion in the same quarter the previous year. Furthermore, Walmart’s e-commerce sales in the United States increased 20% from the previous year, marking the 11th consecutive quarter of double-digit growth.

On February 21, UBS analyst Michael Lasser lowered the price target for Walmart Inc. (NYSE:WMT) to $112 from $113 while maintaining a Buy rating. Lasser’s study suggests that Walmart will continue to perform well, with a 69.9% return over the last year and a 29.5% increase in the last six months. While comparable sales and eCommerce growth slowed somewhat in the fourth quarter, he highlighted that this is not a sign of a substantial slowdown in the future. Moreover, despite decreased sales, the company’s performance exceeded the midpoint of its profits per share projection by nearly 11%.

While we acknowledge the potential of WMT as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WMT but  trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks to Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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