Nov 15, 2019 - Economy
Walmart's stock has almost doubled Amazon in 2019
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Investors took profits on Walmart's stock after its stronger-than-expected earnings report Thursday, but the outlook remains bright as the world's largest retailer again showed growth in sales as it has in every quarter for five years straight.
The big picture: "A 41% gain in e-commerce sales, up from the second-quarter’s 37%, was especially notable," WSJ's Justin Lahart writes.
- "And that gain compares favorably with third-quarter online sales growth of 21% at Amazon. There was some concern that Amazon’s shift to free one-day delivery for its Prime members might weigh on Walmart’s online sales growth, but so far that doesn’t appear to have happened."
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