In this piece, I evaluated two discount retail stocks, Walmart Inc. (WMT) and PriceSmart, Inc. (PSMT), to determine which one is worth buying now. A comparison of their fundamentals reveals that both could be solid investments now.
Inflation cooled in May to its lowest annual rate over two years. The Consumer Price Index (CPI) rose 0.4% sequentially and 4% year-over-year. The higher cost of living had led customers to be more selective and sensitive to prices earlier this year. However, consumer spending remained strong thanks to the better wage gains from the strong labor market.
