Billionaire Ken Fisher’s Top 5 High-Growth Stock Picks

4. Walmart Inc (NASDAQ:WMT)

Fisher Asset Management’s Stake: $5.1 Billion

Number of Hedge Fund Holders: 99

EPS Growth Next 5 Years: 11.51%

Walmart Inc (NASDAQ:WMT) is one of billionaire Ken Fisher’s top high growth stock picks. Walmart shares are up around 22% over the past year, and analysts see more upside potential in the stock.

On June 4, Walmart Inc (NASDAQ:WMT) announced that customers can now order Subway meals directly through its app or website for express delivery. The retail giant has launched this service across six states initially, with more to come. Walmart aims to expand the Subway meal delivery service to around 1,400 locations by the end of summer.

According to Walmart, Subway meals can be delivered separately or alongside groceries and household essentials. Meal prices match in-restaurant menus, and orders are delivered in 30 minutes or less.

Subway is Walmart’s largest in-store restaurant tenant, and the retailer said adding Subway meals to its express delivery service is a great starting point. The ultimate goal is to ensure that every in-store tenant can deliver orders expressly. In an increasingly competitive market, the retailer has figured out that customers want a convenient ordering experience and fast delivery. Walmart has begun using drones to speed up its deliveries.

Walmart Inc (NASDAQ:WMT) is a multinational retail chain. It operates hypermarkets, department stores, grocery stores, and pharmacies. Its Sam’s Club division operates membership-only retail stores. Walmart has footprints across nearly two dozen countries.