Why It's Time to Start Thinking of Walmart as a Tech Stock

Shares of Walmart (NASDAQ: WMT) are up 12% since the Bentonville, Arkansas-based retail giant announced in November that it would be transferring the listing of its common shares from the New York Stock Exchange to the Nasdaq. In the press release, Walmart said the move reflected the "tech-powered approach to our long-term strategy."The Nasdaq is often referred to as "tech-heavy." While it certainly has a higher concentration of tech companies than the other major indexes, it also includes some consumer staples companies like Kraft-Heinz and Starbucks, as well as the hospitality giant Marriott International. Even the fast-food company Wendy's is listed there, having moved in 2011 to save on listing fees.But in Walmart's case, there's good reason to think of the move as marking an official transformation. The brick-and-mortar retailer that was caught flat-footed by Amazon in the 2000s is now a tech titan in its own right. Here are three reasons why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool