Walmart stock soars on promised e-commerce growth

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.