WMT

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WMT
$130,60
+$0,19(+0,14%)

*Data last updated: 2026-05-10 11:08 (UTC+8)

As of 2026-05-10 11:08, Walmart (WMT) is priced at $130,60, with a total market cap of $1,03T, a P/E ratio of 43,44, and a dividend yield of 0,73%. Today, the stock price fluctuated between $130,04 and $131,41. The current price is 0,43% above the day's low and 0,61% below the day's high, with a trading volume of 14,93M. Over the past 52 weeks, WMT has traded between $93,43 to $134,68, and the current price is -3,02% away from the 52-week high.

WMT Key Stats

Yesterday's Close$130,20
Market Cap$1,03T
Volume14,93M
P/E Ratio43,44
Dividend Yield (TTM)0,73%
Dividend Amount$0,24
Diluted EPS (TTM)2,74
Net Income (FY)$21,89B
Revenue (FY)$713,16B
Earnings Date2026-05-21
EPS Estimate0,65
Revenue Estimate$174,55B
Shares Outstanding7,98B
Beta (1Y)0.652
Ex-Dividend Date2026-12-11
Dividend Payment Date2027-01-04

About WMT

Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications. The company offers grocery and consumables, including dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; fuel, tobacco and other categories. It is also involved in the provision of health and wellness products covering pharmacy, optical and hearing services, and over-the-counter drugs and other medical products; and home and apparel including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses and tire and battery centers. In addition, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Further, it operates digital payment platforms; and offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access. Additionally, the company markets lines of merchandise under private brands, including Allswell, Athletic Works, Equate, and Free Assembly. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.
SectorConsumer Defensive
IndustryDiscount Stores
CEOJohn R. Furner
HeadquartersBentonville,AR,US
Employees (FY)2,10M
Average Revenue (1Y)$339,60K
Net Income per Employee$10,42K

Walmart (WMT) FAQ

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Walmart (WMT) is currently trading at $130,60, with a 24h change of +0,14%. The 52-week trading range is $93,43–$134,68.

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Walmart (WMT) Latest News

2026-04-07 09:37胖企鹅(PENGU)入驻沃尔玛:代币仅供娱乐,投资者需警惕29%内部持仓Gate News 消息,胖企鹅(PENGU)正成为加密货币领域少有的打入实体零售市场的品牌,其玩具已入驻沃尔玛和塔吉特共计超过3100家门店。这一举措标志着加密原生品牌在主流市场获得前所未有的曝光度,也显示出品牌商业模式从 NFT 项目扩展至实体零售的潜力。背后的公司 Igloo 于 2024 年完成了 1100 万美元融资,由 Founders Fund 领投,为项目带来机构认可。 尽管品牌发展迅速,但 PENGU 代币本身并不具备正式经济权益。官方声明明确指出,PENGU“仅供娱乐”,代币持有者无法从玩具销售或公司收入中获得分红。Tokenomist 数据显示,团队和公司共持有约 29.28% 的代币供应,解锁计划将持续至 2028 年,这意味着未来市场仍需消化高比例内部供应,对投资者而言潜在风险不容忽视。 CoinGecko 数据显示,PENGU 最大供应量为 888.9 亿枚,目前流通量约为 628.6 亿枚,市值接近 3.96 亿美元,完全稀释后约为 5.03 亿美元。代币在公开市场上交易活跃,体现了一定的流动性,但其价值更多体现在社区文化和参与感,而非财务收益。 综上所述,Pudgy Penguins 在实体零售扩张和品牌认可方面取得显著成绩,玩具销售和机构投资为其商业声誉加分。然而,PENGU 代币与公司收入无直接关联,高比例内部持仓和官方定义的娱乐性质意味着代币持有者需理性看待潜在收益。投资者应关注品牌发展动态,同时明确代币本身的使用和风险。2026-03-30 00:29沃尔玛旗下 OnePay 新增十余种加密代币Gate News 消息,3 月 30 日,沃尔玛控股的 OnePay 近期在其加密服务中新增 SUI、Polygon、Arbitrum 等多种代币。此前,该平台已上线 Solana、Cardano、Bitcoin Cash 及 PAX Gold 等资产,累计新增代币数量已超过十种。OnePay 于今年 1 月推出加密交易服务,初期仅支持比特币与以太坊。其负责人表示,平台在扩展资产时将优先考虑用户需求、流动性及监管环境,强调长期实用性而非追逐热点。OnePay 同时提供储蓄、信用卡及贷款等金融服务,其数字钱包可用于沃尔玛线下及线上支付场景。2026-03-03 03:39Gate合约股票专区将于3月3日全球首发上线RTX、GD、NOC、BA、TSM、WMT、COST永续合约,支持1-20倍杠杆交易Gate News bot 消息,据 2026 年 3 月 3 日 Gate 官方公告 Gate 合约股票专区将于 2026 年 3 月 3 日 12:00 (UTC+8) 首发上线 RTX(雷神)、GD(通用动力)、NOC(诺斯罗普格鲁曼)、BA(波音)、TSM(台积电)、WMT(沃尔玛)、COST(好市多)永续合约实盘交易,USDT 结算,支持 1-20 倍做多和做空。 其中 RTX 是全球顶尖的航空航天与防务综合集团;GD 为海陆空天一体化防务集团,以核潜艇、主战坦克、湾流公务机等业务著称;NOC 是航空航天与防务技术巨头,以隐身战机、战略导弹等为核心优势;BA 为全球最大航空航天集团;TSM 是全球最大、技术最领先的晶圆代工厂;WMT 为全球最大实体零售商;COST 是全球会员制仓储批发零售龙头。 此外,Gate 指数专区将于同日 12:00 (UTC+8) 首发上线 GER40(德国 DAX 40 指数)永续合约实盘交易,USDT 结算,支持 1-20 倍做多和做空。GER40 为德国股市核心蓝筹指数,也是欧洲最重要的股票基准之一。2025-11-26 03:002025年11月26日热门币种一览,热度前三为:Monad、World Mobile Token、MetaArenaGate.io News Bot 消息,2025年11月26日,据 CoinMarketCap 数据显示,以下是过去24小时内热度最高的20个币种及其行情信息: 1️⃣ **MON (Monad)** 🔥 热度排名:#1 | 当前价格:$0.45(24H +38.96%) 2️⃣ **WMTX (World Mobile Token)** 🔥 热度排名:#2 | 当前价格:$0.107(24H +8.24%) 3️⃣ **TIMI (MetaArena)** 🔥 热度排名:#3 | 当前价格:$0.99(24H +0.18%) 4️⃣ **IRYS (Irys)** 🔥 热度排名:#4 | 当前价格:$0.27(24H -21.29%) 5️⃣ **PERP (Perpetual Protocol)** 🔥 热度排名:#5 | 当前价格:$0.14(24H +82.68%) 6️⃣ **MERL (Merlin Chain)** 🔥 热度排名:#6 | 当前价格:$0.21(24H -39.17%) 7️⃣ **QNT (Quant)** 🔥 热度排名:#7 | 当前价格:$89.07(24H +11.25%) 8️⃣ **ICP (Internet Computer)** 🔥 热度排名:#8 | 当前价格:$4.34(24H +5.19%) 9️⃣ **SHIB (Shiba Inu)** 🔥 热度排名:#9 | 当前价格:$0.86(24H +4.17%) 1️⃣0️⃣ **IP (Story)** 🔥 热度排名:#10 | 当前价格:$2.88(24H +16.58%) 1️⃣1️⃣ **AVAX (Avalanche)** 🔥 热度排名:#11 | 当前价格:$14.13(24H +1.50%) 1️⃣2️⃣ **WLFI (World Liberty Financial)** 🔥 热度排名:#12 | 当前价格:$0.16(24H +3.58%) 1️⃣3️⃣ **RVV (Astra Nova)** 🔥 热度排名:#13 | 当前价格:$0.52(24H +17.01%) 1️⃣4️⃣ **FARTCOIN (Fartcoin)** 🔥 热度排名:#14 | 当前价格:$0.29(24H +7.37%) 1️⃣5️⃣ **LTC (Litecoin)** 🔥 热度排名:#15 | 当前价格:$85.16(24H -0.809%) 1️⃣6️⃣ **FIL (Filecoin)** 🔥 热度排名:#16 | 当前价格:$1.65(24H +1.46%) 1️⃣7️⃣ **KAITO (KAITO)** 🔥 热度排名:#17 | 当前价格:$0.73(24H +10.91%) 1️⃣8️⃣ **SPX (SPX6900)** 🔥 热度排名:#18 | 当前价格:$0.63(24H +13.35%) 1️⃣9️⃣ **USUAL (Usual)** 🔥 热度排名:#19 | 当前价格:$0.307(24H -0.12%) 2️⃣0️⃣ **TAO (Bittensor)** 🔥 热度排名:#20 | 当前价格:$306.72(24H +5.18%) 📊 本榜单基于 CoinMarketCap 网站热度趋势排行,反映用户在24小时内的关注趋势和搜索动向。 此消息不作为投资建议,投资需注意市场波动风险。2025-10-21 18:20沃尔玛暂停向需要H-1B签证的候选人发放录用通知金十数据10月22日讯,据知情人士透露,沃尔玛(WMT.N)已暂停向需要H-1B签证的候选人发出录用通知。该政策主要影响沃尔玛公司总部员工。特朗普政府上个月宣布对新的H-1B签证申请征收10万美元费用,在科技及其他依赖大量外籍专业人才的行业引发连锁反应。根据政府数据,沃尔玛是美国大型零售连锁中使用H-1B签证人数最多的企业,约雇有2,390名H-1B持有人。

Hot Posts su Walmart (WMT)

ForkLibertarian

ForkLibertarian

4 ore fa
On the Feb. 23 episode of _The Morning Filter__, _David Sekeraand Susan Dziubinski talk about the Supreme Court’s ruling on the Trump administration’s emergency tariffs and what may come next. Here is an excerpt from the episode. What Trump’s Tariff Loss Means for the Markets ---------------------------------------------- **Susan Dziubinski**: Last Friday, the Supreme Court ruling struck down some of the Trump administration’s tariffs. Dave, what could this mean for the markets going forward? **David Sekera: **Hey, good morning,Susan. I think it was Yogi Berra who once said, “It ain’t over until it’s over.” And at this point, it ain’t over yet. In fact, President Trump already announced some new tariffs under Section 122 of the Trade Act. And these can be in place for the next 150 days without any other kind of legal authorization. My assumption, he’s gonna look to other alternative legal formats or frameworks to be able to put new tariffs out there. And, of course, when those come about, they will impact trade negotiations going forward. But for now, from a broad perspective, I think investors just need to ask themselves, you know, how meaningful is this to future earnings growth for those companies that they’re invested in? Over the past year, I think we need to look at what’s happened while the existing tariffs, or the prior tariffs were in place. And of course, during the negotiations, some of them were suspended, put back in place, and back and forth. But either way, from an economic point of view, real GDP in the US in 2025 was much stronger than economists had originally anticipated when those Liberation Day tariffs were first announced. Just running through the numbers here, in Q2, we had 3% GDP growth. In Q3, we had 4.4% GDP growth. And then, in the fourth quarter, that was just announced at 1.4% growth. However, if you didn’t have the government shutdown, GDP in the fourth quarter would have been over 2.4%. Here in the first quarter right now, the Atlanta Fed GDP is running at 3.1%. So, again, much higher than any of the economists had expected early last year. Taking a quick look at inflation, that never soared like the economists originally had feared. In fact, if I look at the numbers, I think they were relatively range-bound. CPI was 2.4% last March on a year-over-year basis, crept as high as 3.0% by last September, and most recently came in at 2.4% in January. So, in my opinion, I think this indicates there are a lot of other factors that are much more important and have a lot more significance to the economy than what the tariffs have been. Just things like the AI buildout boom and the related multiplier effect on the economy that we’ve seen, the boost that we’ve had in net exports, consumer spending being much higher than expected. And all of those right now, for the near-term horizon, are all still impacting the economy as well. So, net-net, we made very few changes to our fair values after the Liberation Day tariffs were first announced. I still suspect that we’ll make very few changes to fair values based on tariffs going forward. ### Don’t Overreact: Tariffs Overturned, but Fundamentals Still Rule The Supreme Court strikes down the president’s use of IEEPA to implement tariffs. ![](https://img-cdn.gateio.im/social/moments-6734938568-843237bfb0-8b7abd-e5a980) ### Could Tariffs Go Still Higher Despite the Supreme Court Ruling? The Trump administration has other ways to keep tariffs high—if the president has the patience for the bureaucracy involved. ![](https://img-cdn.gateio.im/social/moments-dfcdb28d3e-ebe8597734-8b7abd-e5a980) Don’t Overreact to the Tariff Tumult ------------------------------------ **Dziubinski: **Dave, given what has transpired in the market and with GDP and with inflation while these tariffs were in place during the past year or so, how should investors really be thinking about that impact today? **Sekera: **I just put out a note last Friday that’s on Morningstar.com. And really, I think the biggest takeaway here, from an investor point of view, is don’t overreact. At the end of the day, it still comes down to fundamentals and valuations. And I’ve got a number of different examples here, which really are kind of going against the grain of what you would expect from what’s going on with all the news. So, if you take a look at Nike NKE stock, originally that popped after the Supreme Court ruling came out, but then it quickly gave up those gains. I think it might have even been down on the day. From an investor point of view, I still think it’s much more about the company’s ability to ward off competitive threats from other brands than it is from what tariffs are doing to their margins here in the short term. Another example is going to be Walmart WMT. That was actually down 1.5% after the announcement. As a huge importer, and might even actually be the largest importer in the United States, it should have been very positive for Walmart. But Walmart trades at 45 times earnings. So, I think people are much more concerned about whether or not 45 times earnings—which, by the way, we don’t think is the right multiple for a company like that—is too high and whether or not they can live up to that type of valuation. Apple AAPL was a stock that was hit really hard after the Liberation Day tariffs were first announced. I think it was down like 9% pretty quickly over the next couple of days when they were first announced last year. Yet, that stock was only up 1.5% last Friday. I still think from an investing point of view, trying to figure out the long-term intrinsic value of that company is really more about artificial intelligence, how Apple may or may not be successful in incorporating that into their products and services going forward, than about how tariffs might impact their margins over the next couple of quarters or next year. _Subscribe to _The Morning Filter_ on Apple Podcasts__, or wherever you get your podcasts, and keep up with the latest research from hosts __Susan Dziubinski__ and __David Sekera__ on __Morningstar.com__._ 5 Oversold Stocks to Buy Before They Rebound --------------------------------------------------- Plus, whether the stock market’s AI fears are overblown. 39m 52s Feb 23, 2026 Watch
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MrDecoder

MrDecoder

10 ore fa
**Amazon** (AMZN +0.55%) and **Microsoft** (MSFT 1.33%) both reported earnings on April 29. The reports continued the tale of two growth stocks heading in different directions. Amazon rallied higher on its earnings, while Microsoft slumped. The e-commerce giant is up by roughly 20% year to date, while Microsoft has dropped by more than 10%. Both companies' earnings reports suggest that this trend is likely to continue.  Image source: Getty Images. Cloud computing is the major story for both companies ----------------------------------------------------- Amazon and Microsoft have invested heavily in artificial intelligence (AI), and their investments have been showing up in their cloud results. Amazon Web Services (AWS) grew by 28% year over year, marking a sustained period of accelerated revenue growth. AWS sales increased by 13% in 2023, 19% in 2024, and 20% last year. Expand NASDAQ: AMZN ------------ Amazon Today's Change (0.55%) $1.49 Current Price $272.66 ### Key Data Points Market Cap $2.9T Day's Range $269.95 - $274.00 52wk Range $196.00 - $278.56 Volume 1.6M Avg Vol 50M Gross Margin 50.60% Microsoft Cloud revenue was up by 29% year over year in the third quarter (Q3) of its fiscal year 2026; that's the quarter that ended March 31. That's slightly higher than AWS' growth rate, but Microsoft Cloud revenue growth has been sitting in the low-to-mid-20% growth range for multiple years. Amazon's cloud platform is accelerating faster while still holding more market share. The positioning, combined with faster acceleration, makes Amazon's cloud segment more promising right now. Exploring other business segments --------------------------------- While cloud computing has been the major story for both companies, their cloud platforms aren't the only revenue drivers. Microsoft groups its businesses into three categories: (1) productivity and business processes, (2) intelligent cloud, and (3) more personal computing. Those segments had year-over-year growth rates of 17%, 30%, and negative 1%, respectively, in the most recent quarter. Microsoft's AI business also reached a $37 billion annual revenue run rate, which represents a 123% year-over-year improvement.  Expand NASDAQ: MSFT ------------ Microsoft Today's Change (-1.33%) $-5.60 Current Price $415.17 ### Key Data Points Market Cap $3.1T Day's Range $414.00 - $418.61 52wk Range $356.28 - $555.45 Volume 1.5M Avg Vol 35M Gross Margin 68.31% Dividend Yield 0.84% Amazon has more high-growth segments. The tech giant's high-margin advertising business grew by 24% year over year in the most recent quarter, and online store sales increased by 12%. Amazon's AI chip business also reached a $20 billion annual revenue run rate, with OpenAI and Anthropic both committing to long-term purchases. Microsoft has smaller business segments within its three business categories. Notable ones include search advertising and LinkedIn, which both delivered low double-digit year-over-year growth rates. Xbox content and services sales dipped by 5% year over year, showing that not every key part of Microsoft's business is growing. Both companies have delivered exceptional overall growth rates due to their AI exposure and cloud computing. However, Amazon has more avenues for long-term revenue growth that are still gaining market share. Amazon's profits are growing at a faster rate --------------------------------------------- One weakness Amazon has historically endured compared to fellow cloud providers Microsoft and **Alphabet** (GOOG +0.41%) (GOOGL +0.66%) is lower profit margins. E-commerce logistics result in low profit margins, with big-box retail giants like **Walmart** (WMT +0.37%) and **Costco** (COST 0.33%) regularly reporting low-single-digit profit margins. Amazon followed the same script for a while, even with its growing cloud platform and online ads. However, Q1 results represented a sharp departure from that storyline, with Amazon delivering 16.7% net profit margin. Although Microsoft's 38.3% net profit margin was higher, Amazon's net profit margin was the highest in its entire history. Most of Amazon's recent growth has come from AWS, online advertising, and AI chips. Those segments are compounding faster than lower-margin parts of Amazon's business and AWS and online ads make up a combined 30% of Amazon's total revenue. Microsoft still delivered higher net income growth than revenue growth, but its 38.4% net profit margin is just a tad higher than its previous mark last year. Amazon's improvements in profitability, meanwhile, are seismic and make the thesis more attractive. Amazon wrapped up Q1 with $181.5 billion in total revenue, compared to Microsoft's $82.9 billion in its quarter. Microsoft slightly edged out Amazon with net income for the quarter, but that lead can evaporate quickly as Amazon's high-margin businesses dictate the company's future results.
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ForkLibertarian

ForkLibertarian

12 ore fa
**Key Takeaways ** * The US stock market is trading at 5% discount to a composite of our valuations. * Valuation dislocation across styles narrowed, with growth and value both at 7% discounts. * April’s market leadership was highly concentrated, driven mainly by artificial intelligence and mega-cap winners. * AI remains the dominant earnings and investment theme. As of April 30, 2026, the US equity market was trading at a 5% discount to a composite of our fair value estimates of the over 700 stocks we cover that trade on US exchanges. Our price/fair value metric fell to as low as 0.88 at the end of March, before the April market rally brought it back up to 0.95. Price/Fair Value of Morningstar's U.S. Equity Research Coverage at Month End ----------------------------------------------------------------------------------- ![](https://img-cdn.gateio.im/social/moments-992a63306d-0ff426a500-8b7abd-e5a980) Source: Morningstar Research Services, LLC. Data as of April 30, 2026. Barbell Portfolio Reallocation Update ------------------------------------- In our 2026 Market Outlook, we warned that several key emerging risks could lead to this year being more volatile than last. In order to take advantage of this volatility, we recommended a barbell-shaped portfolio. One half of the barbell is invested in high-quality, value stocks (especially undervalued energy stocks), with the other half of the barbell being invested in growth stocks (especially undervalued technology and AI). On the March 30 episode of _The Morning Filter_ podcast, we recommended that it was time to start harvesting profits in the value category, specifically energy stocks, and reallocate those proceeds into the growth category, specifically into technology and AI stocks. At that point, the Morningstar US Value Index had risen 1% year to date, and the Morningstar US Energy Index had risen 41%. Comparatively, the Morningstar US Growth Index had dropped over 9%, and the Morningstar US Technology Index had fallen over 11%. Since we made that reallocation recommendation, growth stocks have staged a strong comeback, rising 12% in April, and technology stocks surged over 17%. Value stocks lagged in April, only rising 3%, and energy stocks retreated 5%. Following these returns and incorporating our fair value changes over the course of April, valuations have become much less skewed. Both growth and value stocks are trading at a 7% discount to our valuations, whereas core stocks remain much closer to fair value. By capitalization, small-cap stocks remain the most undervalued at an 18% discount, while both large- and mid-cap stocks are at a 4% discount. Change in Price/Fair Value by Morningstar Style Box ---------------------------------------------------------- ![](https://img-cdn.gateio.im/social/moments-03c4fbbfa8-3302f65f81-8b7abd-e5a980) Source: Morningstar Research Services, LLC. Data as of April 30, 2026. Return Dispersion Across Sectors -------------------------------- As we detailed in our March 2026 outlook, the relatively narrow trading range at the broad index level has masked significant sector‑level rotation occurring beneath the surface. The communications sector led the market higher in April, surging over 18%. Almost the entire gain was driven by 4-star-rated Alphabet GOOGL. The technology sector was close behind, surging over 17% in April. Gains across the technology sector were much more broadly spread across the sector, yet the greatest individual contributors included AI-driven stocks such as Nvidia NVDA, Broadcom AVGO, and Advanced Micro Devices AMD. The consumer cyclical sector also posted a double-digit gain in April, yet almost the entire return was driven by Amazon.com AMZN, which started the month as a 4-star-rated stock. Excluding Amazon, much of the sector remained moribund. Only two sectors registered losses in April. Energy fell approximately 3% as oil prices subsided and healthcare posted a slight loss. While 2-star-rated Johnson & Johnson JNJ was the single greatest detractor to returns, losses were widespread across the sector. Morningstar Sector Index Returns – April 2026 (%) -------------------------------------------------------- ![](https://img-cdn.gateio.im/social/moments-4ff00fcf35-2ac2278fd1-8b7abd-e5a980) Source: Morningstar Research Services, LLC. Data as of April 30, 2026. Looking Forward, Technology Remains Most Undervalued ---------------------------------------------------- Even after the strong returns in April, the technology sector remains the most undervalued, trading at an 11% discount to fair value. While the technology sector contains some of the most undervalued mega-cap stocks tied to artificial intelligence, such as Nvidia and Broadcom, it also contains some of the stocks we think are most overvalued in today’s market, such as Ciena CIEN and Western Digital WDC. The healthcare sector is the second most undervalued at a 7% discount. The area that we see the most opportunity is in medical devices, diagnostics, and instruments such as Danaher DHR, Medtronic MDT, and Abbott ABT. At a 5% discount, financial services and real estate tied for the third most undervalued sector. The financial-services sector was the second most overvalued coming into the year and is the second worst performing sector year to date. Real estate started the year as the most undervalued sector and has performed admirably, rising over 10% year to date. By market capitalization, the most attractive segment in real estate is the cellphone tower REITs, such as American Tower AMT and Crown Castle CCI, which remain out of favor. On the flip side of the coin, the consumer defensive sector is the most overvalued at a 19% premium. Yet, this premium is heavily skewed by 1-star-rated mega-cap stocks Walmart WMT and Costco COST. Excluding these from our valuation, the sector valuation is much closer to being fairly valued. After rallying over 14% year to date, the basic materials sector is the next most overvalued at a 12% premium. Similarly, after rallying almost 17% this year on the strength of supplying the AI-buildout boom, the industrials sector is 8% overvalued. Morningstar Price/Fair Value by Sector --------------------------------------------- ![](https://img-cdn.gateio.im/social/moments-8de3db72ee-c67c8bad22-8b7abd-e5a980) Source: Morningstar Research Services, LLC. Data as of April 30, 2026. Earnings Season Takeaway: It’s Still All About AI ------------------------------------------------- The AI-buildout boom remains full speed ahead. This earnings season, expectations for companies most closely tied to the AI-buildout boom were high, and these companies did not disappoint. Generally, everyone beat expectations both on the top line as well as the bottom line, and in many cases by a lot. Almost all these companies boosted their guidance to some degree, and many increased their guidance for the amount they plan to spend on capital expenditures. The race to build out ever-increasing generative capacity is the modern-day version of the gold rush. Each of these companies is in a race to build out capacity faster than competitors; each wants to capture a first-mover advantage, as their biggest concern is that laggards will end up in the scrap heap of history. Looking forward, investors need to be judicious in their decisions about which AI stocks to invest in. On the one hand, we see a number of undervalued opportunities among those companies that are the leaders in their respective AI buildout and use cases. Stocks such as wide-moat-rated Nvidia, Alphabet, and Broadcom trade at enough margin of safety to be rated 4-stars. Yet, we also see areas that we think are overextended. For example, some of the most overvalued stocks we cover are technology companies whose hardware products are commodity-oriented and do not have an economic moat. The huge demand from the AI-buildout boom has led to an undersupply of these products in the short term, but once the excess demand abates and new supply comes online, we expect the high prices they can charge to plummet back to Earth, and the record operating margins they earn today will quickly contract.
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