The big box retailer sector is well positioned to witness significant growth despite the macro issues, thanks to the inelastic demand for their products. Given the industry’s defensive nature, investors should check out fundamentally strong stocks, Walmart Inc. (WMT), Sprouts Farmers Market, Inc. (SFM), and Ingles Markets, Incorporated (IMKTA).
Despite the Fed’s persistent efforts to fight inflation, it has remained stubbornly high. A tight job market and inflation above the Fed’s 2% objective boost the argument for more rate hikes in the near term. Moreover, the latest Personal Consumption Expenditures (PCE) report shows inflation up more than expected in January, which suggests that the Fed is far from achieving its target.
