Walmart Inc. (WMT) Stock Forecasts

Summary:

The US economy is strong as we enter both 2025 and Trump’s second presidency.We expect to see GDP growth of 2.8% in Q4 and 2024 increased by approximately 2.6%.In early 2024, we expected 1.7% growth for the year. We had expected personal consumption expenditures to average around 1.2%. The final reading could be 3%. The labor market has cooled, but the Fed’s well-telegraphed plans to cut short-term interest rates are leading to a beneficial decline in long-term rates over the summer. While many consumers still struggle with inflation, the wealthiest households are spending, contributing to the 2.4% unemployment among college graduates, low, close to the mortgage rate and their stock portfolio gains.Our optimism is tempered by a jump in the 10-year Treasury rate to 4.8% from 3.65% in 2025. Our forecast for US GDP growth is 2.1%. The Fed officials’ average estimate is also 2.1%.Our quarterly GDP estimates are 1.7%, 1.8%, 2.3%, and 2.6% driven by a broad range of timely data, support our assessment that the economy is healthy and growing.On January 9, the Federal Reserve Bank of Atlanta GDP Nowcast estimates was a 2.7% increase for the 4th quarter.The Federal Reserve Bank of New York’s Staff Nowcast called for a 2.36% increase for the 4th quarter.The weekly economic index tracked by the Federal Reserve Bank of Dallas is based on consumers on behavior, labor market and 10 daily and weekly indicators.If, for example, an in