With the major benchmark indexes hitting new highs lately, most stocks are currently trading at sky-high valuations. However, there are still some quality value stocks in the market. Both Walmart (NYSE:WMT) and General Motors (GM) are examples. They are well positioned to benefit from their industry tailwinds but look undervalued at their current price levels. But which of these two stocks is a better buy now? Let’s find out.As the major benchmark indexes hover around their all-time highs thanks to optimism surrounding the economic recovery, most stocks are now trading at sky-high valuations. However, both Walmart Inc. (WMT) and General Motors Company (NYSE:GM) look undervalued at their current price levels considering their solid growth potential driven by industry tailwinds.
WMT is a retailing company that operates a chain of hypermarkets, discount department stores, and grocery stores. It offers various retail outlets, including supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores, home improvement, specialty electronics, restaurants, apparel stores, drugstores, convenience stores, and digital retail.
GM designs, manufactures, and sells cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The company operates through the following segments: GM North America, GM International, Cruise and GM Financial.