By WSJ City

Walmart shares are on a tear that some observers warn can't last. For both the month of June and the second quarter of this year, Walmart outperformed its rival Amazon, which tends to be a favorite for investors seeking shares of highflying internet companies.

KEY FACTS:

   -- Walmart's shares have risen 7.3% over the past eight sessions, recording 
      their longest winning streak since Aug 2017. 
 
   -- Stock price gained 0.8% Wednesday -- hitting its highest close since 
      January 2018. 
 
   -- This is even as competitor Amazon and major US stock indexes notched 
      declines.

Why This Matters

Walmart's performance was surprising to some observers. Walmart's business tends to be more focused on its bricks-and-mortar stores, making it less flexible. Meanwhile Amazon has been hit by concerns over greater regulation of technology companies.

The two companies remain entrenched in a battle for online shoppers, and investors might not want to get ahead of themselves in terms of picking a winner.

A fuller story is available on WSJ.com

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(END) Dow Jones Newswires

June 13, 2019 08:23 ET (12:23 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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