Below we present the list of Top 5 Retail Stocks to Buy Now. For our methodology and a more comprehensive list please see Top 10 Retail Stocks to Buy Now. Note that all hedge fund data is based on the exclusive group of 800+ funds tracked by Insider Monkey as part of our market-beating investment strategy.
5. Walmart Inc. (NYSE:WMT)
While it was one of the Top 5 Stocks Billionaire Ray Dalio Just Bought, the world’s largest retailer nonetheless trails several smaller rivals when it comes to hedge fund ownership. Hedge funds are quickly growing more bullish though. Walmart Inc. (NYSE:WMT) was owned by 69 hedge funds on September 30, which is approaching five-year highs and is a greater than 30% increase this year.
While WMT shares are more expensive than ever according to several metrics, there’s nonetheless a lot to like about the big box behemoth’s growth prospects as it mounts a serious challenge to Amazon.com, Inc. (NASDAQ:AMZN)’s e-commerce supremacy. Walmart’s new subscription service is off to a fast start according to a recent Piplsay Research survey, which estimates that 11% of Americans are already members. Walmart grew its online sales by 94% in Q2 and by 97% in Q3, while sales on its Marketplace grew by triple digits.