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The reasons why Walmart’s sell off is a good buy opportunity for the patient investors

Post Views: 393 On Wall Street, many investors voted on Thursday that they sold off Walmart shares as the company missed fourth-quarter earnings estimates, gave a disappointing outlook and warned some stay-at-home pandemic trends may be fading. Since the news broke, more than $25 billion in market cap has vanished. Shares closed Friday at $138.34, valuing Walmart at $391.4 billion. The stock is up more than 17% over the past year. One of the biggest issues is the $14 billion Walmart wants to invest in its business as it ramps up automation, improves its supply chain and adds new customer services. Walmart CEO Doug McMillon tried to persuade investors that it’s the right decision at the right time. He said…

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