TikTok Interest Shows Walmart's Hidden Value
For decades now, Walmart (NYSE: WMT) has mostly been a boring stock.
The Dividend Aristocrat has long delivered reliable income for investors and moderate growth at a modest valuation, and as the world's largest retailer and biggest company by revenue, its strengths are evident.
Under CEO Doug McMillon, however, the company has been pushing beyond its traditional core as a brick-and-mortar retailer, becoming the country's second-largest e-commerce business with initiatives like online grocery pickup and delivery and a push to build out its own third-party marketplace. However, another strategy under McMillon has gone largely ignored by investors, and it could be a source of huge value in the future.
Source Fool.com
