The world's largest retailer entered its big annual meeting (it's actually like a giant rock concert) with a stock price up nearly 16% on the year. The Dow Jones Industrial Average, in which Walmart is a component, has only gained 7%. As TheStreet's Lindsay Rittenhouse points out in her newest feature, this is the golden age of Walmart on Wall Street. The company's sales at its U.S. business are on a nice uptrend (and are positive in a land of horrible retail numbers, such as those from rival Target (TGT - Get Report) ) after two years of focusing on lowering prices and improving customer service. Heck, Walmart has even started to turn around its struggling U.K. business, as TheStreet's Lisa Botter writes.
Meanwhile, there is a sense of confidence in the people running the company not seen since the age of Sam Walton. CEO Doug McMillon, as it stands, has his hold on the top job for as far as the eye can see, given the turnaround he is driving.
But above all else, Wall Street is just loving the stock because it doesn't think of Walmart as a tired, dusty old retailer anymore. Instead, it's a retailer on a mission to obliterate Amazon (AMZN - Get Report) . At the helm of that attack mission is absurdly hungry Marc Lore, the former Jet.com founder that is now running Walmart's e-commerce. Utilizing Walmart store employees to deliver packages in the evening? That has Lore's DNA all over it, and it's beyond a great idea.
While Amazon's Jeff Bezos is counting his riches and watching his stock hover near $1,000, he should take a step back this weekend and assess Walmart. If he doesn't, it could be his loss by this time next year.
Despite Walmart's noteworthy transformation, at Friday's shareholders meeting, some employees still took the spotlight to point out some of their grievances with the giant retailer about pay and advancement.
Read This Or Lose Out
Apple better gets it act together: It would be great if Apple (AAPL - Get Report) shows its hand next week at its WWDC on its self-driving car ambitions. Surely it won't. But others, such as Alphabet's (GOOGL - Get Report) Waymo, are slowly leading the discussion on the space, as TheStreet's Paul Spring writes.
Lululemon will be on fire: Shares of yoga maker Lululemon (LULU - Get Report) will likely be hot on Friday after a strong earnings beat. Not a totally clean quarter, but it did enough to shake out the growing chorus of haters...for now.
Read TheStreet's feature here.
Ali was a beast: Boxing great Muhammad Ali may have taken more than 29,000 punches during his illustrious career, hints USA Today. Can you imagine getting hit in the face 29,000 times and still looking human?
Editor's Pick: Originally published June 4.