9 Stocks That Could 10X Over the Next 2 Years

6. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 116

Walmart Inc. (NYSE:WMT) is an American omnichannel retailer allowing shopping in both retail stores and through e-commerce. The company serves approximately 255 million customers visiting over 10,500 stores and numerous e-commerce websites in 19 countries. Walmart is known for offering a broad assortment of quality merchandise and services at everyday low prices.

Currently, the retail giant’s lower prices and growing e-commerce assortment with the convenience of curbside pickup, quick delivery, and in-store shopping are enabling growth. Amid the recent turmoil from Trump tariffs and concerns about rising prices, Walmart Inc. (NYSE:WMT) demonstrated confidence in its everyday low-price business strategy and reaffirmed its Q1 sales growth forecast and full-year outlook for both sales and profits. The company expects its Q1 sales growth to be in line with its 3-4% outlook. Walmart Inc. (NYSE:WMT) also widened its Q1 operating income growth forecast based on several factors that include the need to lower prices to offset the effect of tariffs on incoming goods, Analyst Michael Baker thinks the company’s strategy to cut prices could enable it to have more market share. Although Walmart Inc. (NYSE:WMT) is one of the largest US importers of containerized goods, the retailer has not yet canceled any orders from abroad or reduced orders in specific categories. John David Rainey, executive vice president and chief financial officer of the company, reiterated the resilience of the company against such economic uncertainty, as he stated:

“History tells us that when we lean into these periods of uncertainty, Walmart emerges on the other side with greater share and a stronger business”