WMT - Walmart Inc.

NYSE - NYSE Delayed Price. Currency in USD
116.51
+0.94 (+0.81%)
At close: 4:03PM EDT

116.51 0.00 (0.00%)
After hours: 5:09PM EDT

Stock chart is not supported by your current browser
Previous Close115.57
Open115.32
Bid116.30 x 800
Ask116.65 x 900
Day's Range115.25 - 116.69
52 Week Range85.78 - 118.19
Volume3,987,232
Avg. Volume5,657,101
Market Cap331.387B
Beta (3Y Monthly)0.65
PE Ratio (TTM)26.35
EPS (TTM)4.42
Earnings DateNov 14, 2019
Forward Dividend & Yield2.12 (1.83%)
Ex-Dividend Date2019-12-05
1y Target Est118.67
Trade prices are not sourced from all markets
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  • Reuters

    UPDATE 1-Walmart likely discriminated against female workers, U.S. agency says

    The agency urged Walmart and the women who filed complaints to come to a "just resolution," which could include a settlement and changes to Walmart's employment practices, after finding "reasonable cause" to believe there was gender discrimination. The memos were issued in July and viewed by Reuters on Tuesday after they were first reported by the Wall Street Journal. Bentonville, Arkansas-based Walmart is the world's largest retailer and the largest private employer in the U.S. with a workforce of 1.5 million.

  • TheStreet.com

    History of Walmart: Timeline and Facts

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  • Walmart opens first freestanding health clinic
    American City Business Journals

    Walmart opens first freestanding health clinic

    Walmart has opened its first freestanding health care clinic about 30 miles northwest of Atlanta, promising to provide “low, transparent pricing” regardless of a patient’s insurance status. Services offered at the facility in Dallas, Georgia, population about 13,000, will include primary care, mental health, dental, hearing and optical care, as well as lab and X-ray facilities, nutrition and fitness services and and health insurance education and enrollment assistance, the company said in a news release. The health clinic has a separate entrance from the store and was created as part of a recent remodel of the city's Walmart (NYSE: WMT) Supercenter.

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  • [video]Walmart Is a Good Buy Whether You Expect a Recession or a Continued Bull Market
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  • Food sales propel job growth at Walmart distribution center
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    Food sales propel job growth at Walmart distribution center

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  • Approaching Buy Points for Lululemon Athletica and Walmart
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    Approaching Buy Points for Lululemon Athletica and Walmart

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  • Bank’s Race Against Crisis Puts India on Warning
    Bloomberg

    Bank’s Race Against Crisis Puts India on Warning

    (Bloomberg Opinion) -- India’s fragile financial system is swinging between despair and hope. Two separate incidents — both featuring the lender Yes Bank Ltd. — recently underscored the drag of past underwriting follies as well as the lift from a digital reset. It will take time, but good things will come to Indian banking as a result of the present crisis. Start with the sudden default by financier Altico Capital India Ltd. on a 199.7-million-rupee ($2.8-million)  interest payment to Dubai-based Mashreqbank PSC. Clearwater Capital Partners-backed Altico, which borrows money from banks and mutual funds to make loans to property developers, called the situation a “liquidity crisis.” And that made Yes Bank investors gloomy. Based on January data, the midsize Indian bank had a 4.5-billion-rupee exposure to Altico, the third-highest after Mashreq and HDFC Bank Ltd. While HDFC Bank, the country’s most valuable lender, has the capital — and current profit — to take the occasional credit hit, Yes’s capital cushion is already frayed by dodgy loans to beleaguered shadow banks and troubled tycoons. Both these borrower groups have found it hard to refinance debt since the collapse last year of IL&FS Group, a large Indian infrastructure financier and operator. Altico’s unraveling shows that an end to credit woes is not yet in sight. At more than $200 billion, India’s world-beating pile of bad loans is bigger than Italy’s. State-run Indian banks are carrying the bulk of the burden, but at least they’re getting dollops of taxpayers’ money and being merged into fewer banking groups. A private-sector lender like Yes doesn’t have a formal public backstop. If it can’t fend for  itself, the central bank could step in and force an arranged match with a better-run bank. The terms won’t be favorable to Yes shareholders. To avoid such a fate, Yes needs to raise growth capital by convincing new investors that the worst is over. And that brings us to the week’s other big incident. Yes shares jumped 13.5%  after reports that One97 Communications Ltd., which owns the Indian digital payments network Paytm, may buy out a 9.6% stake in Yes from Rana Kapoor, the lender’s co-founder. Kapoor was forced to step down as CEO early this year by the Reserve Bank of India amid a controversy over bad-debt accounting. New CEO Ravneet Gill, brought in to clean up the mess, told Reuters last week that Yes was looking to sell a minority stake to “one of the world’s top three technology companies that had not previously invested in a bank.”Investors pushed the stock higher despite their many misgivings. Only two years ago, Yes had a high price-to-book multiple and an even bigger price-to-truth ratio, a term I’d coined to describe shareholders’ refusal to question the subterfuge at India’s private-sector banks. Although the banking regulator had found bad loans to be four times what Yes had disclosed in audited results, very few analysts believed something could go seriously wrong given Kapoor’s substantial stake — his skin in the game. That was then. Now, Yes is a battered lender gasping for capital. Despite the many regulatory hurdles on the way to a possible alignment with Paytm, which the latter hasn’t confirmed, a deal could help the bank break free of its checkered past — and reemerge as a digital lender. If Paytm can monetize the data of its 350 million mobile wallet users by giving them point-of-sale loans using the balance sheet of a bank — whether Yes or someone else — the payment firm will get a second wind. Paytm founder Vijay Shekhar Sharma had an early advantage as India’s mobile payments pioneer, but Walmart Inc.-owned PhonePe as well as Alphabet Inc.’s Google Pay are giving him stiff competition. Paytm’s losses are ballooning and it’s becoming evident that without old-fashioned lending, there may be no other path to profitability for a pure payments business. Mukesh Ambani, India’s richest tycoon, plans to use his rapidly growing Jio telecom network to offer customers discounts and vouchers that would be honored even by neighborhood stores. But for extending point-of-sale credit, Ambani would also need to borrow the balance sheet of a bank. For Yes, point-of-sale financing could be a growth avenue at a time when the turmoil in India’s formal and shadow banking sectors refuses to end. It’s put the brakes on what authorities were until recently claiming to be the world’s fastest-growing major economy. But alongside the despair, hope is building for a new model led by supply-chain credit, asset securitization, digital lending, and joint underwriting by finance companies (which know their borrowers) and banks (which have stable deposits). The tug of war between the past and the future of banking in India is getting interesting. What happens to Yes could be a gauge of which way the balance of power is shifting.(Corrects location of Mashreqbank PSC in 2nd paragraph to say Dubai. )To contact the author of this story: Andy Mukherjee at amukherjee@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • GuruFocus.com

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  • Walmart Car Seat Trade-In 2019: How it Works
    InvestorPlace

    Walmart Car Seat Trade-In 2019: How it Works

    The Walmart Car Seat Trade-In 2019 event starts today and it gets customers some extra money for their old car seats.Source: Jonathan Weiss / Shutterstock.com Here's what to know about the Walmart Car Seat Trade-In 2019 event. * The event willb e lasting from Sept. 16 through Sept. 30. * During this time, customers are able to bring in their old car seats and recycle them at Walmart. * Those that take advantage of this offer will get a $30 Walmart gift card for trading in their old car seats. * Customers can make use of the Walmart website to find out where they can trade their old car seats in at. * There's really not much more to it than that and it's an easy way for parents to make some extra money.You can head on over to Walmart.com to check out the Walmart Car Seat Trade-In 2019 event for yourself.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's no coincidence that the Walmart Car Seat Trade-In 2019 offer is taking place in September. This is National Baby Safety Month. During this time, parents are asked to take special care to raise awareness for infant safety. They can help do this by sharing facts online using the BabySafetyMonth hashtag on social media. * 7 Tech Stocks You Should Avoid Now National Baby Safety Month's origins date back to 1983. The decision to dedicate a month to raising awareness about baby safety was made by the Juvenile Products Manufacturers Association. Back then, it went by the name "Expectant Mother's Day" before morphing into its current form, reports National Day Calendar. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now As of this writing, William White did not hold a position in any of the aforementioned securities.The post Walmart Car Seat Trade-In 2019: How it Works appeared first on InvestorPlace.

  • InvestorPlace

    7 Dow Titans Breaking Higher

    U.S. equities seem ready to push higher with a number of key large-cap stocks perking up on evidence the American consumer is hanging tough. Of course, there continues to be lingering hopes of a thaw in U.S.-China trade relations as well. * 7 Tech Stocks You Should Avoid Now As a result, a number of Dow Jones Industrial Average components are perking up nicely and look good for new money. Here are seven to watch:InvestorPlace - Stock Market News, Stock Advice & Trading Tips JPMorgan Chase (JPM)Shares of Dow component JPMorgan (NYSE:JPM) are blasting to fresh highs today, pushing towards the $120 level with a move above its April and July highs. This puts an end to a two-year consolidation range going back to early 2018.The company will next report results on Oct. 15 before the bell. JPM stock analysts are looking for earnings of $2.44 per share on revenues of $28.14 billion. Boeing (BA)Boeing (NYSE:BA) shares are gaining some altitude and look ready for a breakout from their long post-737 MAX malaise as its engineering team rapidly work towards getting the plane re-certified and back in the air by the end of the year. * 7 Discount Retail Stocks to Buy for a Recession BA stock shares have been in a sideways pattern since early 2018, so watch at the least for a retest of the early 2019 highs. The company will next report results on Oct. 23. Analysts are looking for earnings of $2.24 per share on revenues of $20.8 billion. Caterpillar (CAT)Caterpillar (NYSE:CAT) shares are pushing back towards the upper end of its down channel resistance going back two years. A breakout here would set the stage for a run at the early 2018 highs near $165, which would be worth a gain of more than 20% from here.Dow member CAT stock will next report results on Oct. 23 before the bell. Analysts are looking for earnings of $2.95 per share on revenues of $13.6 billion. DuPont de Nemours (DD)Shares of DuPont (NYSE:DD) look ready for a break above its 200-day moving average, threatening an end to a two-year downtrend channel on the Dow Jones Industrial Average. Look for a rebound to the April high, which would be worth a gain of nearly 15% from here. * 10 Battered Tech Stocks to Buy Now The company will next report results on Oct. 31, before the bell. DuPont stock analysts are looking for earnings of 96 cents per share on revenues of $5.5 billion. Goldman Sachs (GS)Goldman (NYSE:GS) shares are rising to fresh highs as excitement builds around the company's co-branded credit card with Apple (NASDAQ:AAPL) -- a slick unit with functionality integrated into the iPhone that includes a physical card built out of titanium. This is the type of innovation Apple CEO Tim Cook loves, given his training as an accountant.The company will next report results on Oct. 15 before the bell. GS stock analysts are looking for earnings of $5.63 per share on revenues of $8.7 billion. Nike (NKE)Nike (NYSE:NKE) shares are preparing to break up and out of a sideways consolidation range going back to March thanks to repeated bounces off of its 200-day moving average. Nike stock will benefit from the fresh tailwinds being enjoyed by the U.S. consumer thanks to a strong job market. * 10 Recession-Resistant Services Stocks to Buy NKE will next report results on Sept. 24 after the close. Analysts are looking for earnings of 71 cents per share on revenuers of $10.4 billion. Walmart (WMT)Walmart (NYSE:WMT) shares are also pushing to fresh highs, extending a bounce off of its 50-day moving average on the Dow. Morgan Stanley recently raised their price target on WMT stock on its PhonePe financial services play.The company will next report results on Nov. 14 before the bell. Analysts are looking for earnings of $1.09 per share on revenues of $127.8 billion.As of this writing, William Roth did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post 7 Dow Titans Breaking Higher appeared first on InvestorPlace.

  • We Need to Get Serious About the Sustainability of Shopify Stock’s Growth
    InvestorPlace

    We Need to Get Serious About the Sustainability of Shopify Stock’s Growth

    If there was any doubt to the power of Shopify (NYSE:SHOP) and its e-commerce business, SHOP stock removed it all. At a time when we have so many questions about the viability of the domestic and global economies, SHOP represents the bright beacon of hope. Since the start of the year, shares have jumped an astonishing 146%.Source: Beyond The Scene / Shutterstock.com Even more remarkable, Shopify stock had slowed down noticeably last year. Once the dust settled on a volatile end to 2018, shares of the upstart e-commerce firm were only up 36%. That gave ammunition to the bears -- including yours truly -- to criticize the company's business model. At the time, it also seemed like the bubble was bursting, given that SHOP stock skyrocketed 133% in 2017.Of course, I was dead wrong about Shopify stock. Part of the reason why shares have done so remarkably well in 2019 was due to the fundamentals, the very thing that bears have criticized. For example, in the company's most recent second-quarter earnings report, management knocked it out of the park.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn terms of per-share profitability, SHOP delivered earnings of 14 cents per share. That figure easily surpassed analysts' consensus call for earnings-per-share of 2 cents. On the revenue front, Shopify rang up $362 million, besting consensus estimates for $350 million. Not surprisingly, SHOP stock flew substantially higher on the news.Additionally, the granularity was also very positive in Q2. For instance, gross merchandise volume (GMV) hit $13.8 billion, shooting Merchant Solutions revenue up 56% year-over-year to $153 million. Also, the number of merchants is over 800,000 (although Shopify didn't specify in their Q2 summary). * 10 Recession-Resistant Services Stocks to Buy All in all, that's tremendous news for Shopify stock, right? Not so fast. SHOP Stock Is a Deceptively Attractive InvestmentOn the surface, it seems you can't lose with Shopify stock. For one thing, it's levered to the broader e-commerce revolution that drove up names like Amazon (NASDAQ:AMZN). More importantly, they're demonstrating that more merchants are boarding the Shopify train.For the bulls, the below chart represents one of many reasons why they're excited about SHOP stock. Whether you're talking about the price of shares or corporate revenue or GMV and merchant count, several metrics are exercising the positive end of the vertical scale. Click to EnlargeBut while it's crucial to have the right numbers moving higher, the reality is that context matters. And this is where some of the optimistic narrative for SHOP stock dies down for me.While Wall Street toasted Shopify stock for the underlying company producing another strong earnings report, I was left wondering what they were talking about. Principally, I don't see the same sustainable growth story that has tickled the suits covering the e-commerce firm.Let's break down what we actually have here. Over the trailing year since Q2 2019, Shopify merchants have generated GMV of $49.7 billion. Although I don't have the actual merchant figure, I'm going to conservatively estimate that they have 870,000 stores. That gives me an average annual GMV per merchant of $57,126.That's probably a bit on the high end. For instance, in 2014, annual GMV per merchant was $26,061. A year later, this metric increased to $31,399. Between 2016 and 2017, GMV per merchant averaged just under $42,000. Last year, the stat registered $50,122. Click to EnlargeMy question is, what business can survive on gross sales of $50,000 a year? In the U.S., the median household income is $56,516.You're better off working for a living, which means the rally in SHOP stock is probably not sustainable. Follow the LogicOf course, calculating averages is merely an arithmetic exercise. In reality, we know that merchants can't live off of $50,000 a year. Just off the top of my head, I can think of overhead expenses and inventory outlays. These and other costs and expenses can really start eating into profits in a hurry. * 7 Hot Penny Stocks to Consider Now Logically, then, we know that Shopify gets the bulk of its GMVs from its top-tier, high-level merchants. We're talking about the names that management always brags about in their quarterly summaries, such as Unilever (NYSE:UL), Kylie Cosmetics, Allbirds, and MVMT.What about the other 869,996 merchants? Well, most of them will fail because they have to. Mathematically, if the lion's share of GMVs are produced by a handful of elite organizations, that leaves very little for everybody else. And that means, revenue sources like Merchant Solutions are threatened because they could drop off as the merchants do.Plus, if we have a recession, it's game over. There's no way that merchants making far less than $50,000 a year can compete with the scale of big-box retailers like Walmart (NYSE:WMT) or Target (NYSE:TGT).Don't get me wrong: SHOP stock can get interesting at a lower valuation. But right now, it has simply gotten well ahead of itself.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post We Need to Get Serious About the Sustainability of Shopify Stock's Growth appeared first on InvestorPlace.

  • Barrons.com

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  • Is Walmart (WMT) Outperforming Other Retail-Wholesale Stocks This Year?
    Zacks

    Is Walmart (WMT) Outperforming Other Retail-Wholesale Stocks This Year?

    Is (WMT) Outperforming Other Retail-Wholesale Stocks This Year?

  • Walmart (WMT) Hits Fresh High: Is There Still Room to Run?
    Zacks

    Walmart (WMT) Hits Fresh High: Is There Still Room to Run?

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  • The 2 Big Reasons to Embrace Recent Strength in Kroger Stock
    InvestorPlace

    The 2 Big Reasons to Embrace Recent Strength in Kroger Stock

    For the first time in a long time, shares of America's largest grocery chain, Kroger (NYSE:KR), are showing signs of meaningful strength. Specifically, Kroger stock is up nearly 20% over the past two months, marking the equity's best two-month stretch in over a year.Source: Jonathan Weiss / Shutterstock.com Is this rally the real deal, and the beginning of a secular rebound in Kroger stock? Or is it just a head-fake that will ultimately end in KR stock resuming its long-term downtrend?I think the former for two big reasons.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFirst, the fundamentals underlying KR stock are very healthy and are only getting better. Additionally, the markets are undervaluing shares. Second, improving optics surrounding KR stock support continued robust demand for shares for the foreseeable future. * 7 Discount Retail Stocks to Buy for a Recession As such, I'm embracing this rally in Kroger stock. I don't think it's over. On the contrary, I think it's still in the first few innings. Changing Grocery LandscapeBefore we get into the bull case for Kroger stock, we must acknowledge the challenging environment for grocers.There are big concerns out there that grocery stores are going the way of movie rental stores as Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT), and Target (NYSE:TGT) make big pushes into the space. The concerns are legitimate.For several years, Amazon, Walmart, and Target have been aggressively pushing into the grocery market. The traditional grocery space has declined substantially in market share in the past few decades. Additionally, traditional grocery supermarkets have dropped 2.5% in market share last year. The Fundamental Case for Kroger StockHowever, KR stock may be a distinct case. Over the past three years, Kroger has only reported one negative comparable sales growth quarter.In other words, as Kroger's competition has beefed up over the past few years, Kroger has also responded aggressively. The company has continued to fire off positive growth quarters. Sure, margins are taking hit because the company is having to lower prices to compete with Walmart's and Target's reduced prices. However, Kroger still maintains a viable ace up its sleeve.Why? Because grocery shopping is something consumers like to do in-person at a place they trust. This is, after all, not something you are putting on your body like a shirt. It's stuff you are putting in your body.Therefore, consumers want to buy that stuff where they can see and touch the products prior to purchase. That's a big advantage to the online sales channels developed by Amazon, Walmart and Target.As such, in the big picture, Kroger will continue to grow alongside the stable growth U.S. grocery industry. That implies healthy low single digit revenue growth for the foreseeable future. Margins are starting to stabilize and should fully stabilize over the next few quarters. Buybacks will remain in play. Net-net, Kroger projects as a mid-single digit profit grower in the long run.That puts earnings per share squarely around $3 by 2025. Based on a market average 16-times forward earnings multiple and a 10% discount rate, that equates to a 2019 price target for KR stock of about $30. The Optics Are Also ImprovingSecond, the optics surrounding Kroger stock are similarly improving, and provide support for further upside over the next few months.Long story short, we are seeing a massive shift in equity markets from momentum stocks to value stocks. As recession fears increased throughout the summer of 2019, investors piled into momentum stocks that don't require a good economy to go higher (since they have secular tailwinds), and ditched value stocks that do require a good economy to go higher.But over the past month or so, those recession fears have backed off. As they have, investors have booked profits on their momentum stock winners, and bought the dip in economically sensitive value stocks like KR.Going forward, the economic outlook should continue to improve, as U.S.-China trade tensions ease and central banks globally inject sizable stimulus into the economy. As the economic outlook does improve, investors will continue to buy into economically sensitive value stocks, especially since these stocks aren't pressured by the long end of the yield curve moving higher.Consequently, over the next few months, investors will continue to be attracted to Kroger stock because it's cheap in an environment where cheap should work with the economy in rebound mode. Bottom Line on KR StockKroger stock is solid value stock that's breaking out from multi-year lows. It looks like this rebound bid has legs, meaning investors would be wise to embrace -- not run away from -- the recent strength in this beaten up grocery stock.As of this writing, Luke Lango was long KR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post The 2 Big Reasons to Embrace Recent Strength in Kroger Stock appeared first on InvestorPlace.

  • Reuters

    Britain's Asda profit rises in year targeted by Sainsbury's

    Asda, the British supermarket arm of U.S. retail giant Walmart that is considering a future UK stock market listing, saw its profit increase 9.2% in 2018 - a year when it was unsuccessfully targeted for takeover by rival Sainsbury's. Sainsbury's 7.3 billion agreed bid for Asda was blocked by Britain's competition regulator in April, a full year after it was launched. Walmart said in May it would instead look at an initial public offering for Asda.

  • FedEx Stock May Be Cheap, but It Is Not Compelling
    InvestorPlace

    FedEx Stock May Be Cheap, but It Is Not Compelling

    Over the past five years, shares of logistics giant FedEx (NYSE:FDX) have gone essentially nowhere. That is, in September 2014, FedEx stock was $160.Source: Shutterstock Today, in September 2019, FDX stock trades hands at $170. Thus, over the past five years, FDX has barely nudged higher while the S&P 500 is up more than 50% over that same stretch.Unfortunately, I don't think FedEx stock is going anywhere over the next five years, either.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe reality is that FedEx faces major secular challenges that aren't going away anytime soon. Indeed, these challenges may only intensify over the next several years. Yes, FedEx looks cheap here. But, it's cheap for a reason, and it will remain cheap so long as these secular challenges hang around.As such, for the foreseeable future, I think FDX stock will remain grounded. It may bounce here. But, I doubt that such a bounce will be sustainable. Long term, the stock will have a tough time producing suitable return for investors. * 7 Discount Retail Stocks to Buy for a Recession Net-net, I simply think there are better and safer places to invest at the moment, so I continue to avoid this logistics giant. FedEx Stock Is CheapLet's start by acknowledging that, yes, FedEx stock is dirt cheap here.FedEx presently trades at 12-times forward earnings. The five year average forward earnings multiple on the stock? North of 14, or about 20% above the current forward earnings multiple. The average forward earnings multiple in the air freight and logistics sector? Just south of 14, or about 15% above the current forward earnings multiple.At the same time, FedEx stock features a 1.5% dividend yield. That's a decade-high yield for this stock, and nearly double the stock's trailing five-year average yield.In other words, FedEx stock is dirt cheap. The numbers don't really support this cheapness. Over the next few years, the Street expects FedEx to report low-to-mid single digit revenue growth, on top of slight profit margin expansion, which analysts believe will lead to double-digit profit growth in fiscal 2021 and 2022 (following a decline in 2020).Broadly, with FDX, you have a stock trading at 12-times forward earnings for what Wall Street sees as double-digit profit growth over the next few years. Sounds like a bargain, right? It's Cheap for a ReasonIt's not. FDX stock is dirt cheap for a reason, secular challenges significantly cloud visibility for double digit profit growth over the next few years and raise concerns that revenue and profit erosion may be more likely paths forward in the long run than steady growth.The big news here, of course, is that FedEx and Amazon (NASDAQ:AMZN) parted ways this summer, as it became clear that the latter was building out its own logistics network in the hopes of one day entirely in-sourcing all deliveries.That wasn't a big hit on FedEx. After all, FedEx delivered a very small portion of Amazon's packages, and Amazon accounted for just about 1% of FedEx's revenues.But, the concern here (and rightfully so) is that other large retailers will follow in Amazon's footsteps, and similarly build out their own logistics networks as third-party delivery costs add up.Right now, FedEx is hitching their wagon to the "other 51%" of U.S. eCommerce that Amazon does not own. In the near term, that may work. But, in the long run, there are a few challenges here.First, the second most important player in the U.S. eCommerce market is Shopify (NYSE:SHOP). They don't use FedEx, they are building out their own fulfillment network, and they are growing very rapidly. Second, the third most important player in the U.S. e-commerce market is Walmart (NYSE:WMT). They use FedEx a lot.But, Walmart is also in direct competition with Amazon. So, as Amazon leverages its own delivery network to cut delivery costs and pass those savings onto customers via lower prices, Walmart will be forced to do the same, meaning this healthy FedEx-Walmart relationship may not remain healthy for that long.Third, while it's true that only a small number of retailers have the size and scale to launch their own logistics operations, those small number of retailers command the lion's share of the eCommerce pie. After Amazon, the next 10 biggest players in the eCommerce market control a combined 25% of the e-retail market. They all realistically can build out their own logistics services. That leaves just 25% share for FedEx.Big picture, there are secular challenges here that raise concerns that FedEx could ultimately become a smaller and smaller player in the logistics market over the next several years. Bottom Line on FedEx StockFDX stock is dirt cheap here. But, it's dirt cheap for a reason. Secular challenges cloud the long term growth outlook here. So long as those secular challenges hang around, FDX stock will probably remain dirt cheap, and not do much for investors.As of this writing, Luke Lango was long SHOP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post FedEx Stock May Be Cheap, but It Is Not Compelling appeared first on InvestorPlace.

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