Walmart is one of the 10 best retail stocks to buy now. The company has the perfect combination of physical and online channels that gives the company a strong edge over its competitors. The pandemic also helped the company increase its sales. In the first quarter, Walmart’s net sales jumped 10.5%. E-commerce sales increased by 74% in the period. In 2020, Walmart played a masterstroke to undercut Amazon’s Prime service with its premium subscription service called Walmart Plus. The service, which costs $12.95 a month, offers free and same-day deliveries.
As of the end of the third quarter, 69 hedge funds tracked by Insider Monkey reported owning Walmart shares, up from 60 funds a quarter earlier.