Walmart’s (NYSE: WMT) Q3 earnings results and guidance prove that it is on track, taking share from its major competitors like Target (NYSE: TGT), and can sustain its share price uptrend. Among the critical details are its industry-leading growth and outperformance relative to Target’s more tepid results.
Target's decline is Walmart’s gain, as it is taking market share and is likely to sustain its leadership position for the long term. Walmart is likely to continue growing, driving cash flow, and returning capital to investors—three key reasons investors are considering it as a long-term hold.
