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Consumers tend to look for lower-priced options when economic growth slows.
Walmart (WMT 2.21%) could benefit from consumer trading-down behavior should economic growth worsen or turn negative. This video will answer if Walmart is a good defensive stock to buy.
*Stock prices used were the afternoon prices of Jan. 10, 2023. The video was published on Jan. 12, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Walmart. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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