Walmart Stocks Decline 1.66%; $6 Billion Automation Commitment Sets Execution Test

This article first appeared on GuruFocus. Walmart (NASDAQ:WMT), the global retailer, fell 1.92% to $125.24 at 10:45 a.m. ET on November 3, putting the payoff from its investment spending in focus. The company's approximately $6 billion automation agreement with Symbotic, announced October 29, represents a substantial multiyear commitment. As Supply Chain Dive reported, the deal expands Walmart's distribution automation push; it was not a fresh contract announcement on November 3. Warning! GuruFocus has detected 7 Warning Sign with WMT. Is WMT fairly valued? Test your thesis with our free DCF calculator. The companies' announcement outlines additional automation at 25 U.S.