Unfortunately Walmart is not Amazon and nobody should expect its stock to rise by buying a loss making company in the name of growing market share. Walmart's acquisition of Flipcart ( Indian online seller like Amazon ) is a lottery for Flipcart's owners and headache for Walmart's share holders. Important question is how can one compete with a company which really doesn't want to make profit !! So as the things were standing, in coming years, Flipcart might have gone bankrupt after fighting with Amazon.
In this scenario, WMT can be sucked back to its previous boring range of $60 +/-10. In fact boring ranges of good companies are more easy and lucrative to trade. Can't wait for that !
In this scenario, WMT can be sucked back to its previous boring range of $60 +/-10. In fact boring ranges of good companies are more easy and lucrative to trade. Can't wait for that !