#1 - Walmart (NYSE:WMT)
Leading off my list of recession-proof stocks is Walmart (NYSE:WMT). I knew that Walmart was effectively competing in the e-commerce space. But I was still surprised to learn that Walmart.com gets up to 100 million unique visitors each month. Clearly, Walmart is more than just a brick-and-mortar retailer. In fact, it’s become a formidable competitor of Amazon (NASDAQ:AMZN) in certain areas.
As further evidence of this, the company recently announced the launch of its InHome Delivery Service. This new service allows the company to deliver groceries straight to a customer’s refrigerator. And it allows the company to have a tiered membership plan inside of Walmart+. The basic plan is now $12.95 a month and the add-on service costs an additional $7 month.
Prospective investors will have to wrestle with the company’s 26X price-to-earnings (P/E) ratio against a forecast for just over 8% earnings growth. But analysts are forecasting a 25% upside for the stock. And with a dividend that has grown for 49 years, investors are likely to be well rewarded.
About Walmart
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
Read More - Current Price
- $64.65
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 27 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $67.59 (4.6% Upside)
