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gfp927z

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Thursday, 02/23/2023 1:05:48 AM

Thursday, February 23, 2023 1:05:48 AM

Post# of 143
Walmart - 10 recession stocks -


https://www.insidermonkey.com/blog/5-companies-and-industries-that-make-money-during-a-recession-1113601/5/


Industry: Hypermarkets and Super Centers


S&P 500 Outperformance in 2008: 56.3%


Walmart Inc. (NYSE:WMT) is a consumer staples company that operates retail, wholesale, and other units globally. It is based in Bentonville, Arkansas.

Ivan Feinseth at Tigress Financial upgraded Walmart Inc. (NYSE:WMT) shares from Neutral to Buy on January 26, with a $176 price target.

Walmart Inc. (NYSE:WMT) falls under the category of discount stores that sell general merchandise. Consumers with limited purchasing power during a recession thus find value in such companies. The company generated a total return of 7.4% between 2007 and 2009. Its stock also outperformed the S&P 500 by 56.3% and 5.1% in 2008 and 2020, respectively.

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