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two Wal-Mart employees walk past a sign in the lobby at the Walmart.com office in California. (Photo: Jeff Chiu / AP)

Walmart stock rose roughly 4.5% on Tuesday morning, following an investor-day presentation in which it estimated that its e-commerce sales would grow by 40% in the fiscal year ending January 2019, while maintaining its current pace of profit growth.

Why it matters: The failure of traditional retailers to shift their businesses from the storefront online, without significantly shrinking profit margins, has crushed the stocks of well-known companies like Foot Locker, Macy's and Target in 2017. But Walmart has emerged as one Amazon competitor that is more gracefully transitioning to a world of e-commerce.

What Walmart has done right: Cowen analyst Oliver Chen writes in a note to clients that Walmart is:

  • Expanding its online selection;
  • Offering free two-day delivery on orders of $35 or more;
  • Expanding curbside grocery pickup to 900 stores nationwide;
  • and making shrewd acquisitions, like Walmart's recent takeover of Bonobos, that has helped it gain expertise in new categories.

Go deeper

Why migrants are fleeing their homes for the U.S.

Illustration: Eniola Odetunde/Axios Photo: Herika Martinez /Getty Images 

Natural disasters in Central America, economic devastation, gang wars, political oppression, and a new administration are all driving the sharp rise in U.S.-Mexico border crossings — a budding crisis for President Biden.

Why it matters: Migration flows are complex and quickly politicized. Biden's policies are likely sending signals that are encouraging the surge — but that's only a small reason it's happening.

Cities' pandemic struggle to balance homelessness and public safety

Illustration: Sarah Grillo/Axios

Addressing homelessness has taken on new urgency in cities across the country over the past year, as officials grapple with a growing unhoused population and the need to preserve public safety during the coronavirus pandemic.

Why it matters: It’s led to tension when cities move in to clear encampments — often for health and safety reasons — causing some to rethink the role of law enforcement when interacting with people experiencing homelessness.

Biden to sign voting rights order to mark "Bloody Sunday" anniversary

President Biden will sign an executive order today, on the 56th anniversary of "Bloody Sunday," meant to promote voting rights, according to an administration official.

Why it matters: The executive order comes as Democrats face an uphill battle to pass a sweeping election bill meant, in part, to combat a growing number of proposals introduced by Republicans at the state level that would restrict voter access.