Roth Capital Partners senior research analyst Bill Kirk joins Morning Brief to lay out his bull case for Walmart (WMT).

"Walmart is competing on convenience for the first time in a long time," Kirk tells Yahoo Finance. He notes that Walmart has only been able to compete on value over the last decade, saying, "They had the same 5,000ish stores, and they were as convenient as they ever were going to be."

However, the COVID pandemic ended up being a catalyst for Walmart as many consumers turned to online shopping. "That allows Walmart to compete with new customers for the first time that are still out of the range of those 5,000 stores. So they're now able to offer a convenience element that wasn't available to them on top of being one of the most valued positioned retailers," he tells Yahoo Finance.

Kirk adds, "So that is a whole new paradigm that is available to Walmart and is leading to them gaining share."

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This post was written by Melanie Riehl