Walmart shareholders have had a very good year so far, handily beating the broader market. They got more good news Tuesday with the company's latest quarterly results. Shares jumped 3.7% to $87.15. That put Walmart on pace to close at a new all-time high and put its market capitalization near $700 billion for the first time,

Walmart is the best Dow Jones stock Tuesday after the retail giant's solid earnings report and outlook. Wall Street thinks it's just getting started.

Tuesday trading, after the retail giant extended its streak of earnings beats and raised its full-year outlook, citing strength in e-commerce and as in-store volumes grew. Walmart’s U.S. business saw general-merchandise sales turn positive — a sign that consumers are buying discretionary items again.