New York, January 18, 2026, 10:06 EST — Market closed.
Walmart (WMT) shares closed Friday at $119.70, gaining roughly 0.7%. The boost came after the company announced leadership changes effective Feb. 1, with John Furner set to become CEO. (Walmart Corporate News)
The reshuffle installs new leaders at critical operating units as Walmart strives to stay ahead in a retail market investors see as a test of U.S. consumer resilience. It comes amid ongoing inflation concerns and trade policy uncertainties that could disrupt major supply chains, Reuters reported. (Reuters)
Furner described the change as a structural shift rather than a reset. “With AI transforming retail at a fast pace, we’re centralizing our platforms to speed up shared capabilities,” he said in a company release. (Walmart Inc.)
A Form 8-K filing announced key leadership changes: David Guggina, currently Walmart U.S.’ chief eCommerce officer, will step up as CEO of Walmart U.S.; Chris Nicholas is named head of Walmart International; and Latriece Watkins takes the helm as CEO of Sam’s Club U.S. These moves start Feb. 1. (Walmart Inc.)
Another filing laid out Furner’s compensation as he steps into the CEO position: a $1.5 million base salary, a one-time stock award worth around $10 million, and an annual equity grant valued at about $17 million for fiscal 2027. (Walmart Inc.)
Wolfe Research kept its “Outperform” rating and $130 price target following the updates, noting a “slight execution risk” but highlighting that the leadership team remains well-known to investors. The report also pointed out the stock’s elevated valuation, trading near 41 times earnings. (Investing)
Nasdaq announced Walmart will take AstraZeneca’s spot in the Nasdaq-100 starting Jan. 20. This index covers the 100 biggest non-financial firms listed on Nasdaq. (Nasdaq)
U.S. markets will be closed Monday in observance of Martin Luther King Jr. Day, pushing the first opportunity to track any major index fund rebalancing to Tuesday’s session. The adjustment to the index is scheduled to take effect ahead of the opening bell on Jan. 20, according to Investing.
Walmart starts the week following a quiet finish on Friday, with the S&P 500 and Nasdaq slipping slightly and the Dow also edging lower as earnings season kicked off. (AP News)
But a quiet calendar won’t ensure smooth trading. If investors figure the Nasdaq-100 adjustment is already priced in—or if the new setup sparks doubts over who controls execution in growth areas like advertising, membership, and marketplace—Walmart’s shares might still slip, even with no fundamental shifts.
Investors are eyeing two key dates after Jan. 20: Furner’s first day on Feb. 1, and Walmart’s fiscal Q4 earnings on Feb. 19. The retail giant plans to release its results and hold a conference call that morning. (Walmart Corporate News)
