Surging inflation and the Fed’s hawkish stance to bring prices down increase the chances of the economy slipping into recession. A decline in GDP in the first quarter also concerns investors. Amid this uncertainty, mega-cap retailers with expanded reach, solid pricing power, and high liquidity are expected to perform steadily. So, both WMT and HD should stay afloat.
Walmart Inc. (WMT) and Home Depot, Inc. (HD) are two prominent players in the retail industry. With a market cap of $415.42 billion, WMT operates retail, wholesale, supermarkets, other units, and e-commerce websites worldwide. The company operates through Walmart U.S.; Walmart International; and Sam’s Club. It also offers fuel and financial services and related products. HD operates as a home improvement retailer that sells various building materials, home improvement products, decor products, and lawn and garden products and provides installation, tool and equipment rental, and home maintenance services. It sells its products through brick-and-mortar stores and online and serves do-it-yourself and professional customers. It has a market capitalization of $299.18 billion.
