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Did Walmart Just Squash Recession Fears?

TheMotleyFool 
0 0 28.08.24
Did Walmart Just Squash Recession Fears?Photo, wide shot, wide-angle lens, Convenience store, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/35bdb659-cf5a-466a-95a9-428a230a2d2e.png
 

While the stock market has generated strong returns over the last couple of years, the broader macroeconomic picture has been cloudy at best.

Inflation has been abnormally high compared to historic levels. Moreover, a series of interest rate hikes by the Federal Reserve has significantly affected consumer purchasing activity. U.S. job data has also been inconsistent. Perhaps unsurprisingly, some economists and investors have been concerned that the U.S. could be headed toward a recession.

But after digesting 's (NYSE: WMT) latest earnings report, I've come to temper my own recessionary fears. Let's break down Walmart's impressive quarter, and explore why the stock looks like a great buy right now.

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Source Fool.com

Walmart Inc. Stock

€100.70
2.590%
Walmart Inc. gained 2.590% today.
The stock is an absolute favorite of our community with 100 Buy predictions and no Sell predictions.
With a target price of 110 € there is a slightly positive potential of 9.24% for Walmart Inc. compared to the current price of 100.7 €.
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