<ul>
<li>随着衰退几率上升，防御性行业持续表现优异</li>
</ul>
<p>沃尔玛（Walmart）纳斯达克股票代码：WMT 首席财务官兼执行副总裁约翰·大卫·雷尼（John David Rainey）在摩根大通（JPMorgan）第十二届年度零售峰会上告诉投资者，尽管面临关税、战争相关的不确定性和能源价格波动等动荡背景，零售商的长期战略依然稳固。雷尼表示，沃尔玛的价值定位和不断增长的高利润收入来源使其 “在经济波动中非常有韧性”。</p>
<h2>不确定性中的战略连续性</h2>
<p>雷尼表示，沃尔玛即使在更艰难的宏观环境中也能表现良好，因为顾客仍在寻求价值，而食品——沃尔玛最大的品类——仍然是必需品。回顾之前投资者活动中讨论的公司财务框架，雷尼表示沃尔玛的 “营业收入增长速度超过了我们的收入增长”，而电子商务现在大约占业务的 20%。</p>
<ul>
<li>塔吉特（Target）在 2026 年大幅上涨——华尔街可能准备按下暂停键</li>
</ul>
<p>这种数字规模开启了新的利润来源，包括广告和履行服务，雷尼表示这些服务的利润率更高，且增长速度超过核心业务。他说：“展望未来几年，我觉得我可能比三年前更兴奋，” 并提到机会的规模。</p>
<h2>首席执行官过渡：“不是转变”</h2>
<p>雷尼还谈到了领导层的变化，强调前首席执行官道格·麦克米伦（Doug McMillon）与现任首席执行官约翰之间的连续性。雷尼将麦克米伦形容为 “巨头”，他的价格、工资和技术投资帮助塑造了今天的沃尔玛。关于新首席执行官，雷尼表示：“这将是一个非常一致的战略。这绝对不是转变。”</p>
<ul>
<li>随着科技盈利增长，这只 ETF 仍未跟上</li>
</ul>
<p>他补充说，约翰在公司工作了 35 年，深度参与了广告、会员和供应链自动化等关键增长领域。雷尼认为，尽管商业通过人工智能和新购物界面不断演变，零售执行仍然至关重要。</p>
<h2>消费者趋势、燃料成本和定价态度</h2>
<p>关于消费者，雷尼表示他 “比从头条新闻中得出的结论更乐观”，称购物者具有韧性，并指出沃尔玛之前的季度展望 “基本保持不变”。他说，退税带来的好处超出了预期，而油价上涨——超过每桶 100 美元——是公司未曾预料到的抵消因素。</p>
<p>雷尼表示，现在 “还为时已晚” 去确定燃料成本对消费者行为的全面影响以及潜在的下游影响，例如由肥料驱动的食品通货膨胀。尽管如此，他表示沃尔玛已经能够在本季度内利用可用杠杆管理超过 1 亿美元的燃料相关逆风。他还重申沃尔玛的意图，即在价格上保持激进以获取市场份额，称零售商 “始终致力于将价格保持在尽可能低的水平。”</p>
<p>在被问及实体店的同店销售趋势与电子商务的强劲表现时，雷尼表示，店铺的结果不应孤立来看，因为沃尔玛大约 5000 家美国门店也作为履行和配送节点，支持 “95% 的美国在不到三小时内” 的服务。</p>
<p>雷尼将当前的竞争定价环境描述为 “非常理性”，并表示沃尔玛在新客户的留存率上有所改善。他表示，按一些历史标准，价格差距很大，同时指出竞争力因地区和竞争对手而异。</p>
<h2>市场增长和履行重点</h2>
<p>雷尼表示，沃尔玛的市场收入以大约 20% 的速度增长，家居、硬件和时尚等品类的增长超过 30%。他说，公司在假期期间的卖家数量是去年同期的三倍，目前在市场上列出了大约 5 亿个 SKU。</p>
<p>他表示，沃尔玛已确定大约 300 个 “必备” 品牌用于该平台，目前渗透率约为一半，过去一年增加了约 75 个品牌。雷尼表示，公司正在利用市场作为扩大一般商品品类的关键工具。</p>
<p>关于盈利能力，雷尼表示规模和沃尔玛履行服务（WFS）的更大采用是改善经济效益的核心。他表示，约一半的市场总交易额（GMV）来自使用 WFS 的卖家，这支持更快的交付和更好的客户体验。尽管 WFS 的贡献利润为正，但雷尼表示在其实现盈利之前仍需大量基础设施。</p>
<h2>广告、人工智能和会员</h2>
<p>雷尼将沃尔玛广告业务的增长归因于各收入层次客户的增长以及与电子商务行为相关的更丰富的数字广告格式。他还强调了 VIZIO 收购为新广告机会提供了可能，包括非特定广告。雷尼表示，沃尔玛已经在进行 “非常少量” 的非特定广告，并将其描述为 “第一局”，同时将整体广告业务置于 “早期到中期”。他补充说，最佳广告支出占 GMV 的百分比 “轻松是” 沃尔玛当前水平的两倍，表明仍有增长空间。</p>
<p>关于人工智能和 “代理商业”，雷尼表示沃尔玛正在积极塑造这一转变，而不是被动反应。他提到与沃尔玛的商业代理 Sparky 的早期互动，称大约一半的应用程序用户以某种方式与其互动。对于通过 Sparky 完成购买的客户，雷尼表示购物篮的大小比其他情况高出 35%，由于更具上下文的推荐，所有品类都受益。</p>
<p>Rainey 承认大型语言模型平台可能会使零售商受到影响并转移广告支出，但表示沃尔玛专注于嵌入式体验，以保持客户接触点和数据。他还表示，更丰富的上下文可以改善广告定位和广告支出的回报。</p>
<p>Rainey 表示，预计今年将开始显现由人工智能驱动的损益好处，尽管在沃尔玛约 7000 亿美元的收入基础上可能不会显著可见。他表示，更高的转化率和改善的发现应该会随着时间的推移转化为财务收益。</p>
<p>关于会员，Rainey 表示，山姆会员店在近四年没有调整会员费后实施了 10 美元的会员费增加，原因是增加了有意义的福利——特别是在数字参与方面，他表示这适用于大约 60% 的会员。对于沃尔玛 +，Rainey 称其为 “美国最重要的会员资格” 的候选者，引用了能够在三小时内向 95% 的美国人提供药品、一般商品和新鲜食品的能力，同时承认公司仍有机会改善履约一致性。</p>
<p>从长远来看，Rainey 表示沃尔玛预计单位经济学将发生关键转变：在其规划范围内，公司预计完全加载的电子商务交易——由广告和其他利润来源支持——将比店内交易更具盈利性。他还表示，随着时间的推移，有机会将美国业务的运营利润率恢复到约 7% 的水平，尽管 “这不会在明年实现”。</p>
<p>最后，Rainey 表示他对人工智能和通过更好的 “完美订单” 执行和更广泛的产品选择来改善客户体验感到最兴奋，包括扩展食品选择超出基本生活必需品的机会。</p>
<h2>关于沃尔玛 NASDAQ: WMT</h2>
<p>沃尔玛是一家跨国零售公司，经营广泛的商店格式和数字服务。其核心业务包括大型超市、折扣百货商店、社区杂货店和会员仓储连锁店山姆会员店。公司的商品组合涵盖食品杂货、家居用品、服装、电子产品和药房服务，并辅以自有品牌产品和特定类别的产品。沃尔玛将其实体店网络与在线平台和移动应用相结合，为消费者和企业提供全渠道购物、履约和交付选项。</p>
<p>该公司由山姆·沃尔顿创立，他于 1962 年在阿肯色州罗杰斯开设了第一家商店；总部位于阿肯色州本顿维尔。</p>
<h2>精选故事</h2>
<ul>
<li>五只我们更看好的股票超过沃尔玛</li>
</ul>
<p><em>此即时新闻提醒由叙事科学技术和 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。请将任何问题或意见发送至 contact@marketbeat.com。</em></p>
<h2>你现在应该投资 1000 美元在沃尔玛吗？</h2>
<p>在考虑沃尔玛之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只顶级分析师正在悄悄建议客户现在购买的股票，以便在更广泛的市场注意到之前……而沃尔玛不在名单上。</p>
<p>虽然沃尔玛目前在分析师中获得了中等买入评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>查看这五只股票</p>

食品饮料 ETF - PowerShares

美国消费品 ETF - iShares

日常消费品 ETF - SPDR

零售业 ETF - VanEck Vectors

线上零售 ETF - Amplify

在线零售 ETF - ProShares

标普零售指数 ETF - SPDR

电子商务 ETF - GlobalX

沃尔玛

2 倍做多必需消费品 ETF - ProShares

<p>沃尔玛首席财务官约翰·大卫·雷尼在摩根大通的零售圆桌会议上表示，尽管面临关税和油价上涨等经济挑战，公司长期战略依然稳固。他强调了沃尔玛强大的价值定位以及在高利润收入来源方面的增长，特别是在电子商务领域，目前电子商务约占公司业务的 20%。雷尼指出，沃尔玛在经济波动中具有良好的抗风险能力，并始终致力于保持竞争性定价。他还强调了沃尔玛市场和广告业务的增长，这对提升盈利能力至关重要</p>

<ul>
<li>As Recession Odds Climb, Defensive Sectors Continue to Outperform</li>
</ul>
<div class="lb-trans"><ul>
<li>随着衰退几率上升，防御性行业持续表现优异</li>
</ul>
</div><p>Walmart NASDAQ: WMT Chief Financial Officer and Executive Vice President John David Rainey told investors at JPMorgan’s 12th Annual Retail Roundup that the retailer’s long-term strategy remains intact despite a volatile backdrop that has included tariffs, war-related uncertainty, and shifting energy prices. Rainey said Walmart’s value positioning and growing mix of higher-margin revenue streams leave it “really well-insulated from some of the whims of the economy.”</p>
<div class="lb-trans"><p>沃尔玛（Walmart）纳斯达克股票代码：WMT 首席财务官兼执行副总裁约翰·大卫·雷尼（John David Rainey）在摩根大通（JPMorgan）第十二届年度零售峰会上告诉投资者，尽管面临关税、战争相关的不确定性和能源价格波动等动荡背景，零售商的长期战略依然稳固。雷尼表示，沃尔玛的价值定位和不断增长的高利润收入来源使其 “在经济波动中非常有韧性”。</p>
</div><h2>Strategy continuity amid uncertainty</h2>
<div class="lb-trans"><h2>不确定性中的战略连续性</h2>
</div><p>Rainey said Walmart is positioned to perform well even in tougher macro conditions because customers continue to seek value, and food—Walmart’s largest category—remains a staple. Reflecting on the company’s financial framework discussed at prior investor events, Rainey said Walmart has “grown operating income faster than we have revenue,” and that e-commerce now represents roughly 20% of the business.</p>
<div class="lb-trans"><p>雷尼表示，沃尔玛即使在更艰难的宏观环境中也能表现良好，因为顾客仍在寻求价值，而食品——沃尔玛最大的品类——仍然是必需品。回顾之前投资者活动中讨论的公司财务框架，雷尼表示沃尔玛的 “营业收入增长速度超过了我们的收入增长”，而电子商务现在大约占业务的 20%。</p>
</div><ul>
<li>Target Has Surged in 2026--Wall Street May Be Ready to Hit Pause</li>
</ul>
<div class="lb-trans"><ul>
<li>塔吉特（Target）在 2026 年大幅上涨——华尔街可能准备按下暂停键</li>
</ul>
</div><p>That digital scale has opened new profit streams, including advertising and fulfillment services, which Rainey said have higher margins and are growing faster than the core business. “As I look forward over the next several years, I think I’m probably more excited than I was three years ago,” he said, citing the size of the opportunity.</p>
<div class="lb-trans"><p>这种数字规模开启了新的利润来源，包括广告和履行服务，雷尼表示这些服务的利润率更高，且增长速度超过核心业务。他说：“展望未来几年，我觉得我可能比三年前更兴奋，” 并提到机会的规模。</p>
</div><h2>CEO transition: “Not a pivot”</h2>
<div class="lb-trans"><h2>首席执行官过渡：“不是转变”</h2>
</div><p>Rainey also addressed leadership changes, emphasizing continuity between former CEO Doug McMillon and current CEO John. Rainey described McMillon as “a titan” whose investments in price, wages, and technology helped shape today’s Walmart. Of the new CEO, Rainey said, “This is going to be very much a consistent strategy. This is not a pivot in any way.”</p>
<div class="lb-trans"><p>雷尼还谈到了领导层的变化，强调前首席执行官道格·麦克米伦（Doug McMillon）与现任首席执行官约翰之间的连续性。雷尼将麦克米伦形容为 “巨头”，他的价格、工资和技术投资帮助塑造了今天的沃尔玛。关于新首席执行官，雷尼表示：“这将是一个非常一致的战略。这绝对不是转变。”</p>
</div><ul>
<li>As Tech Earnings Grow, This ETF Still Hasn't Caught Up</li>
</ul>
<div class="lb-trans"><ul>
<li>随着科技盈利增长，这只 ETF 仍未跟上</li>
</ul>
</div><p>He added that John has been with the company for 35 years and has been deeply involved in key growth areas such as advertising, membership, and supply chain automation. Rainey argued that retail execution remains critical even as commerce evolves through AI and new shopping interfaces.</p>
<div class="lb-trans"><p>他补充说，约翰在公司工作了 35 年，深度参与了广告、会员和供应链自动化等关键增长领域。雷尼认为，尽管商业通过人工智能和新购物界面不断演变，零售执行仍然至关重要。</p>
</div><h2>Consumer trends, fuel costs, and pricing posture</h2>
<div class="lb-trans"><h2>消费者趋势、燃料成本和定价态度</h2>
</div><p>On the consumer, Rainey said he is “more constructive… than what one would glean from reading the headlines,” calling shoppers resilient and noting Walmart’s prior quarterly outlook remained “pretty much intact.” He said tax refunds have provided more benefit than expected, while higher oil prices—above $100 per barrel—were an offset the company did not anticipate.</p>
<div class="lb-trans"><p>关于消费者，雷尼表示他 “比从头条新闻中得出的结论更乐观”，称购物者具有韧性，并指出沃尔玛之前的季度展望 “基本保持不变”。他说，退税带来的好处超出了预期，而油价上涨——超过每桶 100 美元——是公司未曾预料到的抵消因素。</p>
</div><p>Rainey said it is “too early” to determine the full impact of fuel costs on consumer behavior and potential downstream effects such as fertilizer-driven food inflation. Still, he said Walmart has been able to manage more than $100 million of fuel-related headwinds within the quarter using available levers. He also reiterated Walmart’s intent to remain aggressive on price to gain share, saying the retailer is “wired to keep prices as low as possible.”</p>
<div class="lb-trans"><p>雷尼表示，现在 “还为时已晚” 去确定燃料成本对消费者行为的全面影响以及潜在的下游影响，例如由肥料驱动的食品通货膨胀。尽管如此，他表示沃尔玛已经能够在本季度内利用可用杠杆管理超过 1 亿美元的燃料相关逆风。他还重申沃尔玛的意图，即在价格上保持激进以获取市场份额，称零售商 “始终致力于将价格保持在尽可能低的水平。”</p>
</div><p>Asked about in-store comp trends versus e-commerce strength, Rainey said store results shouldn’t be viewed in isolation because Walmart’s roughly 5,000 U.S. stores also function as fulfillment and delivery nodes, supporting service to “95% of America in less than three hours.”</p>
<div class="lb-trans"><p>在被问及实体店的同店销售趋势与电子商务的强劲表现时，雷尼表示，店铺的结果不应孤立来看，因为沃尔玛大约 5000 家美国门店也作为履行和配送节点，支持 “95% 的美国在不到三小时内” 的服务。</p>
</div><p>Rainey characterized the current competitive pricing environment as “very rational” and said Walmart has seen retention among new customers improve versus prior periods. He said price gaps are wide by some historical measures, while noting competitiveness varies by region and competitor.</p>
<div class="lb-trans"><p>雷尼将当前的竞争定价环境描述为 “非常理性”，并表示沃尔玛在新客户的留存率上有所改善。他表示，按一些历史标准，价格差距很大，同时指出竞争力因地区和竞争对手而异。</p>
</div><h2>Marketplace growth and fulfillment focus</h2>
<div class="lb-trans"><h2>市场增长和履行重点</h2>
</div><p>Rainey said Walmart’s Marketplace revenue is growing at roughly a 20% rate, with categories such as home, hardlines, and fashion growing north of 30%. He said the company had about three times the number of sellers during the holiday period versus a year earlier and currently lists roughly 500 million SKUs on the Marketplace.</p>
<div class="lb-trans"><p>雷尼表示，沃尔玛的市场收入以大约 20% 的速度增长，家居、硬件和时尚等品类的增长超过 30%。他说，公司在假期期间的卖家数量是去年同期的三倍，目前在市场上列出了大约 5 亿个 SKU。</p>
</div><p>He said Walmart has identified roughly 300 “must-have” brands for the platform and is about halfway penetrated, with about 75 added in the last year. Rainey said the company is using Marketplace as a key vehicle to broaden general merchandise assortment.</p>
<div class="lb-trans"><p>他表示，沃尔玛已确定大约 300 个 “必备” 品牌用于该平台，目前渗透率约为一半，过去一年增加了约 75 个品牌。雷尼表示，公司正在利用市场作为扩大一般商品品类的关键工具。</p>
</div><p>On profitability, Rainey said scale and greater adoption of Walmart Fulfillment Services (WFS) are central to improving economics. Roughly half of Marketplace GMV, he said, comes from sellers using WFS, which supports faster delivery and a better customer experience. While WFS is contribution-margin positive, Rainey said significant infrastructure remains before it becomes profitable.</p>
<div class="lb-trans"><p>关于盈利能力，雷尼表示规模和沃尔玛履行服务（WFS）的更大采用是改善经济效益的核心。他表示，约一半的市场总交易额（GMV）来自使用 WFS 的卖家，这支持更快的交付和更好的客户体验。尽管 WFS 的贡献利润为正，但雷尼表示在其实现盈利之前仍需大量基础设施。</p>
</div><h2>Advertising, AI, and memberships</h2>
<div class="lb-trans"><h2>广告、人工智能和会员</h2>
</div><p>Rainey attributed the momentum in Walmart’s advertising business to customer growth across income cohorts and richer digital ad formats tied to e-commerce behavior. He also highlighted the VIZIO acquisition as enabling new advertising opportunities, including non-endemic ads. Rainey said Walmart is already doing “a very small amount” of non-endemic advertising and described it as “first inning,” while placing the overall ad business in “early to mid innings.” He added that best-in-class advertising dollars as a percentage of GMV are “easily twofold” Walmart’s current level, suggesting runway remains.</p>
<div class="lb-trans"><p>雷尼将沃尔玛广告业务的增长归因于各收入层次客户的增长以及与电子商务行为相关的更丰富的数字广告格式。他还强调了 VIZIO 收购为新广告机会提供了可能，包括非特定广告。雷尼表示，沃尔玛已经在进行 “非常少量” 的非特定广告，并将其描述为 “第一局”，同时将整体广告业务置于 “早期到中期”。他补充说，最佳广告支出占 GMV 的百分比 “轻松是” 沃尔玛当前水平的两倍，表明仍有增长空间。</p>
</div><p>On AI and “agentic commerce,” Rainey said Walmart is actively shaping the shift rather than reacting to it. He cited early engagement with Walmart’s commerce agent, Sparky, saying roughly half of app users interact with it in some way. For customers who complete purchases through Sparky, Rainey said basket size is 35% higher than otherwise, with benefits seen across categories due to more contextual recommendations.</p>
<div class="lb-trans"><p>关于人工智能和 “代理商业”，雷尼表示沃尔玛正在积极塑造这一转变，而不是被动反应。他提到与沃尔玛的商业代理 Sparky 的早期互动，称大约一半的应用程序用户以某种方式与其互动。对于通过 Sparky 完成购买的客户，雷尼表示购物篮的大小比其他情况高出 35%，由于更具上下文的推荐，所有品类都受益。</p>
</div><p>Rainey acknowledged potential risks that large language model platforms could disintermediate retailers and shift ad dollars, but said Walmart is focused on embedded experiences that preserve customer touchpoints and data. He also said richer context could improve ad targeting and return on ad spend.</p>
<div class="lb-trans"><p>Rainey 承认大型语言模型平台可能会使零售商受到影响并转移广告支出，但表示沃尔玛专注于嵌入式体验，以保持客户接触点和数据。他还表示，更丰富的上下文可以改善广告定位和广告支出的回报。</p>
</div><p>Rainey said AI-driven P&amp;L benefits are expected to begin showing up this year, though likely not materially noticeable against Walmart’s roughly $700 billion revenue base. He said higher conversion and improved discovery should translate into financial gains over time.</p>
<div class="lb-trans"><p>Rainey 表示，预计今年将开始显现由人工智能驱动的损益好处，尽管在沃尔玛约 7000 亿美元的收入基础上可能不会显著可见。他表示，更高的转化率和改善的发现应该会随着时间的推移转化为财务收益。</p>
</div><p>On memberships, Rainey said Sam’s Club implemented a $10 membership fee increase after nearly four years without one, following the addition of meaningful benefits—particularly in digital engagement, which he said applies to roughly 60% of members. For Walmart+, Rainey called it a candidate to be “the most essential membership… in America,” citing the ability to deliver pharmacy items, general merchandise, and fresh food within three hours to 95% of the U.S., while acknowledging the company still has opportunities to improve fulfillment consistency.</p>
<div class="lb-trans"><p>关于会员，Rainey 表示，山姆会员店在近四年没有调整会员费后实施了 10 美元的会员费增加，原因是增加了有意义的福利——特别是在数字参与方面，他表示这适用于大约 60% 的会员。对于沃尔玛 +，Rainey 称其为 “美国最重要的会员资格” 的候选者，引用了能够在三小时内向 95% 的美国人提供药品、一般商品和新鲜食品的能力，同时承认公司仍有机会改善履约一致性。</p>
</div><p>Looking longer term, Rainey said Walmart expects a pivotal shift in unit economics: within its planning horizon, the company expects a fully loaded e-commerce transaction—supported by advertising and other profit streams—to become more profitable than an in-store transaction. He also said there is an opportunity over time to return the U.S. business to operating margin levels around 7%, though “it won’t be in the next year.”</p>
<div class="lb-trans"><p>从长远来看，Rainey 表示沃尔玛预计单位经济学将发生关键转变：在其规划范围内，公司预计完全加载的电子商务交易——由广告和其他利润来源支持——将比店内交易更具盈利性。他还表示，随着时间的推移，有机会将美国业务的运营利润率恢复到约 7% 的水平，尽管 “这不会在明年实现”。</p>
</div><p>In closing, Rainey said he is most excited about AI and about improving the customer experience through better “perfect order” execution and broader assortment, including opportunities to expand food selection beyond basic staples.</p>
<div class="lb-trans"><p>最后，Rainey 表示他对人工智能和通过更好的 “完美订单” 执行和更广泛的产品选择来改善客户体验感到最兴奋，包括扩展食品选择超出基本生活必需品的机会。</p>
</div><h2>About Walmart NASDAQ: WMT</h2>
<div class="lb-trans"><h2>关于沃尔玛 NASDAQ: WMT</h2>
</div><p>Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.</p>
<div class="lb-trans"><p>沃尔玛是一家跨国零售公司，经营广泛的商店格式和数字服务。其核心业务包括大型超市、折扣百货商店、社区杂货店和会员仓储连锁店山姆会员店。公司的商品组合涵盖食品杂货、家居用品、服装、电子产品和药房服务，并辅以自有品牌产品和特定类别的产品。沃尔玛将其实体店网络与在线平台和移动应用相结合，为消费者和企业提供全渠道购物、履约和交付选项。</p>
</div><p>The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.</p>
<div class="lb-trans"><p>该公司由山姆·沃尔顿创立，他于 1962 年在阿肯色州罗杰斯开设了第一家商店；总部位于阿肯色州本顿维尔。</p>
</div><h2>Featured Stories</h2>
<div class="lb-trans"><h2>精选故事</h2>
</div><ul>
<li>Five stocks we like better than Walmart</li>
</ul>
<div class="lb-trans"><ul>
<li>五只我们更看好的股票超过沃尔玛</li>
</ul>
</div><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p>
<div class="lb-trans"><p><em>此即时新闻提醒由叙事科学技术和 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。请将任何问题或意见发送至 contact@marketbeat.com。</em></p>
</div><h2>Should You Invest $1,000 in Walmart Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在沃尔玛吗？</h2>
</div><p>Before you consider Walmart, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑沃尔玛之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只顶级分析师正在悄悄建议客户现在购买的股票，以便在更广泛的市场注意到之前……而沃尔玛不在名单上。</p>
</div><p>While Walmart currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然沃尔玛目前在分析师中获得了中等买入评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票</p>
</div>

Walmart CFO Says Strategy Intact Amid Tariffs, Oil Spike; AI, Ads and Marketplace Drive Margin Upside

- 沃尔玛 CFO 强调公司战略在不确定性中保持一致。  
- 沃尔玛的电子商务现在占收入约 20%，并且广告和配送服务增长迅速。  
- 市场竞争环境被形容为 “非常理性”，客户留存率改善。

沃尔玛首席财务官称，尽管关税和油价上涨，公司的战略依然稳固；人工智能、广告和市场业务推动利润率提升