The video below is part of The Motley Fool's "11 O'Clock Stock" series where we're recommending a new stock every weekday at 11 a.m. ET on Fool.com for 50 weekdays. To see a video of co-founder Tom Gardner explaining the series, click here. To see our original recommendation of Wal-Mart (NYSE: WMT), click here.

Motley Fool analyst Jim Royal went deep into the weeds looking for retail stocks ... and found a small, obscure, overlooked retailer named Wal-Mart. 

Kidding aside, Wal-Mart looks well-positioned to benefit from upcoming economic forecasts. Whether beset by inflation, deflation, or consumers continuing to retrench, Wal-Mart has the pricing power and scale to succeed even in the worst of economic environments. To see Royal's thoughts on the subject, watch the video, then read on below:

Royal says that when economic conditions worsen, Wal-Mart gains an advantage over less capable (but still formidable) rivals such as Target (NYSE: TGT), Costco (Nasdaq: COST). Not only that but it has grown its dividend by a remarkable 16% over the last five years and the yield currently stands at around 2.4%. Throw in international opportunities and Royal sees Wal-Mart as a retailer for all seasons.