Walmart stock has soared this week following reports the retail giant will start selling the first Walmart branded items in 2018.
The news came just hours after Wal-Mart stock surged more than 300% after the company reported a third-quarter profit that beat analysts’ expectations.
The stock jumped more than 200% in after hours trading, according to FactSet data.
Shares of Walmart’s Walmart Inc. rose 1.9% in morning trading to $52.20.
The latest stock market rally comes after WalMart said its first retail store opening date was “within the next couple of weeks” and that it expects to begin selling the items in early 2019.
The company said it expects its retail stores to have 2,200 jobs during the next three years.
The chain is also expected to make an initial public offering of its stock this year.
Shares fell more than 100% over the past two weeks.
Walmart said it has about 4.8 million full-time associates and plans to open about 700,000 stores by 2020.
The retailer said its sales growth in the U.S. is “significantly outpacing growth in other industries” like the transportation industry.