10 Mega Cap Stocks Gaining Bullish Momentum This Week

2. Walmart Inc. (NYSE:WMT)

Walmart Inc. operates a chain of wholesale and retail stores and clubs, mobile applications, and eCommerce websites. It operates in Sam’s Club, Walmart International, and Walmart U.S. segments. The company also operates digital payment platforms and markets lines of merchandise.

WMT has lost 13% of its value in a month, a rather big dip for a stock that has raised its dividend for 52 consecutive years. There’s more than one reason to take this dip as a buying opportunity. We will focus on the company’s AI initiatives, as the rest of the business has historically been run impressively.

Walmart has launched its AI assistant called Wallay to help businesses stock their shelves. The assistant has been trained on the company’s proprietary data. It will help merchants automate processes like data entry and stocking calculations. It will also help offer how to support and identify, and diagnose why some products do not perform as well as others.

The only problem for investors here is that, despite the dip, the stock is still trading at an elevated valuation compared to its 5-year averages. But then, which good stock isn’t? It is time to buy one of the strongest retailers in the US.