FSTA - Walmart: Unlike Its Merchandise The Stock Is Overpriced

May, 04 2022 06:11 PM Fidelity MSCI COnsumer Staples Index

Love it or hate it, Walmart is an American institution.
Since first recommending the stock in 2017, this wide-moat, core consumer staple has outperformed a blistering market.
Fundamentals remain solid, and downside risk is as low as a stock can get.
However, the company needs to improve its competitive answers to Amazon Prime and Costco Wholesale.
After reevaluating current shareholder yields and valuation multiples, here is why I maintain a hold thesis on the stock.

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Company Name:	Fidelity MSCI COnsumer Staples Index
Stock Symbol:	FSTA
Market:	NYSE