WMT - Walmart Inc.

Used as a contrast to AI stocks — similar market cap to OpenAI but with $713B in annual sales. Implied to be a fundamentally sound value stock compared to AI hype.

Walmart beat on revenue and EPS but the stock fell 7%. The presenter interprets this as a signal that the consumer is cutting purchases — when the largest retailer on earth shows weakness, it's a meaningful data point about the health of the bottom 60% of consumers in the K-shaped economy.

Walmart was a leader but is now showing weakness. Soloway notes that even consumers trading down to Walmart are spending less money, suggesting broader economic deterioration.

Walmart was a leader showing consumer resilience but is now stumbling. Soloway notes that even lower-income consumers are spending less, signaling broader economic weakness.

The host explicitly states that some of the highest valuations are in companies like Costco and Walmart — 'slow growth, but twice the price where they should be.'

Overvalued staple company benefiting from capital flight to safe havens rather than genuine business growth

Walmart is cited alongside Costco as trading at 50-60 times free cash flow, considered far too expensive for a slow-growing business

Walmart has been on a tear. In 2008, while the S&P crashed 38%, Walmart went up 18%. Consumer staples have pricing power, are recession-proof, and pay dividends.

WMT is holding above the 50 and 20-day MAs and bouncing off them, but the 20-day is starting to slope downward, signaling exhaustion. The host says to keep an eye on it but it's not breaking down yet.

Trading at 45x earnings with only 4-5% sustainable growth. Historical example shows Walmart shareholders saw zero returns for 17 years after the dot-com bubble (peaked at $23 in 2000, was at $22 in 2017). Buying at this valuation does not work in the investor's favor.