5 Stocks that Rebound After Recessions

2. Walmart Inc. (NYSE:WMT

Number of Hedge Fund Holders: 60

Walmart Inc. (NYSE:WMT) operates as a retail firm. On May 24, the firm announced that it would be expanding an agreement with supply chain tech company Symbotic to advance a set of tech-related initiatives at the regional warehouses of the company. The new plans include drone delivery setups and artificial-intelligence powered warehouses, in addition to other robotics and software automation in general. The deal is part of a larger plan by the company to modernize the supply chain network. 

On May 18, BMO Capital analyst Kelly Bania kept an Outperform rating on Walmart Inc. (NYSE:WMT) stock and lowered the price target to $165 from $170, noting the stock was impacted by “omicron-related staffing and supply chain/fuel challenges”. 

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm GQG Partners is a leading shareholder in Walmart Inc. (NYSE:WMT), with 15.4 million shares worth more than $2.2 billion.