We recently published a list of 9 Stocks That Could 10X Over the Next 2 Years. In this article, we are going to take a look at where Walmart Inc. (NYSE:WMT) stands against other stocks that could 10X over the next 2 years.
US Tariffs and the Stock Market Turmoil
While tariffs from the US government disrupted international trade, they also led to uncertainty and turbulence in financial markets, with the S&P 500 closing below 5,000 points for the first time in nearly a year. An analysis from the World Economic Forum regarding how tariffs cause volatility in financial markets was stated in the words of Santiago Fernández de Lis, Head of Regulation, BBVA, as follows:
“The main impact of trade tensions on global markets is through uncertainty. When major economies—like the US and China—engage in a tariff war, investors fear slower global trade, disrupted supply chains and weakened corporate profits. This anxiety translates into market volatility. Companies delay investment decisions, consumers lose confidence, and currencies fluctuate wildly.”
However, global markets rebounded later as the US president made an announcement of a 90-day pause on additional higher tariffs that had to impact almost 80 countries, with the exception of China. In the case of China, the new president is convinced to keep high tariffs as he stated that these tariffs would be increased to 125% from 104% following China’s announcement of additional retaliatory tariffs against the US.
Following this pause in tariffs, Wall Street witnessed a sigh of relief. The S&P 500 rose 9.52%, thereby marking its biggest one-day gain since 2008. The Dow Jones Industrial Average climbed almost 7.87% to close at 40,608.45. Simultaneously, the tech-heavy Nasdaq soared 12.2% and had its best day since January 2001.
Our Methodology
To compile our list of the 9 stocks that could 10X over the next 2 years, we first carried out a consensus by sifting through multiple similar articles online. Once we had an extended list of the stocks that could 10X over the next 2 years, we shortlisted the top 9 stocks based on the number of hedge funds that have stakes in them, as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A manager standing in a hypermarket, pointing out items available for wholesale.
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”
Overall, WMT ranks 6th on our list of stocks that could 10X over the next 2 years. As we acknowledge the growth potential of WMT as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than WMT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
