Walmart, the world's largest retailer, jumped nearly 2.8% to $109.015 on Thursday even as the Justice Department widened its beef-pricing review, contacting eight retailers including Walmart, Costco, and Amazon amid record beef prices. The scrutiny is not an accusation of wrongdoing, as Walmart has not been charged with price-fixing or antitrust violations. The review runs alongside a separate investigation into meatpackers, expanding the government's focus across the beef supply chain. Walmart's second-quarter revenue reached $187.9 billion, with first-half inventory at $61.6 billion, and the stock trades 5.46% above its GF Value estimate of $103.37, reflecting investor confidence in its defensive strength.
Walmart Inc.Walmart's stock rose despite the DOJ widening its beef-pricing review to include Walmart, as the scrutiny is not an accusation of wrongdoing.
Costco Wholesale Corp
Amazon.com Inc
Palantir Technologies Inc.