The newest subordinate of the $1 trillion marketplace nine isn't a surprise. Walmart (NASDAQ: WMT) became a portion of this hallowed instauration past week, joining a prime cadre of mostly tech stocks. But it did truthful successful a much accepted mode -- arsenic a starring retail concatenation that conscionable keeps getting better.
Although it precocious switched from the New York Stock Exchange (NYSE) to the Nasdaq successful a bid to radiance a airy connected its tech prowess, the institution inactive uses a accepted retailing model, and it's the lone Dividend King that has made the chopped to scope this exclusive club.
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Here's wherefore Walmart is inactive truthful almighty aft each these years, and wherefore it should proceed for galore more.
While Walmart is simply a discount retailer, immoderate of its caller maturation is owed to expanding to a wider clientele. It has done this successful a fig of ways, starting with a stellar e-commerce platform. E-commerce income accrued 27% twelvemonth implicit twelvemonth successful the 2026 fiscal 3rd 4th (ended Oct. 31), driving a 5.8% summation successful full revenue.
Walmart has an borderline implicit Amazon successful astatine slightest 1 way, which is its 4,700-strong store base, which doubles arsenic a organisation hub. It tin get orders retired accelerated from stores, and it besides appeals to customers who similar store pickup for their integer orders, particularly successful markets wherever Amazon doesn't yet connection same-day delivery.
It besides continues to alteration and successful immoderate instances upgrade its merchandise to entreaty to a wider lawsuit base, including a much affluent customer. It precocious launched a much upscale, health-branded merchandise line, and it reaches this lawsuit basal done its website arsenic well, since they're customers who mightiness not travel into its carnal stores.
Walmart's borderline isn't lone successful its usage of stores arsenic transportation hubs, but successful its size successful general. There's a Walmart wrong 10 miles of 90% of the U.S. population, and that's conscionable its U.S. business; it has much than 10,800 stores worldwide, giving it ample country to turn successful galore markets. And contempt its size, it continues to place achromatic abstraction successful the U.S. for expansion.
The institution got a large thumbs-up from investors past twelvemonth for its resilience against tariffs. It has galore levers to propulsion to chopped costs, and it has leverage with suppliers. It's besides an essentials business, and that elemental information means that customers ever request its products. Since it's a discount retailer, it's much resilient erstwhile there's economical pressure.

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