12 Best Long-Term Stocks to Buy According to Ken Fisher

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8. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 115

Fisher Asset Management’s Stake: $4.4 billion 

Walmart Inc. (NYSE:WMT) engages in the operation of retail, wholesale, and other units worldwide. In the third quarter of the fiscal year 2024, strong revenue growth was 5.5%, with operating income growing faster at 8.2%. In February, Bloomberg reported that Walmart, America’s largest private employer, is eliminating hundreds of roles and closing one of its North Carolina offices as it continues to pull workers back to its main hubs in California and Arkansas. The initiative aims to consolidate the company’s corporate footprint.

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