Wal-Mart Stores (WMT) popped to the upside on Monday as the company touted new online retail initiatives to compete with Amazon.com (AMZN). Wal-Mart management presented a long-term plan to shift to digital shopping at an upbeat annual investor day on Monday. The Wal-Mart strategy will cut back on building new supercenters and focus on smaller stores and ways to deliver a 40% growth rate for online sales combined with more efficient use of their retail stores. Shares of Amazon took this news in stride and continues as a strong momentum stock on its own. The stock set its postelection high of $86.29 on Oct. 11.

Source: Forbes October 12, 2017 13:07 UTC