Billionaire Ken Fisher’s Top 15 Stock Picks Heading into 2025

10. Walmart Inc. (NYSE:WMT)

Fisher Asset Management’s Equity Stake: $3.85 Billion

Number of Hedge Funds Holding Stakes: 88

Walmart Inc. (NYSE:WMT) is a global retailer with discount stores, grocery stores, and hypermarkets in the U.S. and 19 other countries. It operates in retail, wholesale, e-commerce, and other sectors worldwide. It is one of the companies benefiting from a changing retail landscape as inflation cools and interest rates go down.

As consumer purchasing power improved, the retailer delivered solid fiscal third-quarter results on November 19, 2024. Sales in the quarter were up 5.5% to $169.6 billion as operating income increased 8.2% to $6.7 billion. E-commerce sales were up 27% year over year, driven by a 22% increase in the US. Management says this strong performance is due to more people using store pickup, delivery services, advertising, and the marketplace.

Walmart Inc. (NYSE:WMT) also benefits from leveraging artificial intelligence solutions and other machine learning models to know and understand its customers. Shopper traffic was up by 3% in the third quarter, resulting in higher store volumes. Higher store volumes come on the retailer succeeding in providing customers with products and services they need while also appealing to the higher income customers.