The article notes that investors often turn to consumer staples such as Walmart (WMT) during downturns, as its lower prices attract both budget-conscious shoppers and higher-income customers. In 2022, Walmart stock fell only 2%, versus a 19% drop in the S&P 500 and a 33% drop in the Nasdaq Composite; in 2008, it rose 18% while the S&P 500 fell 38%. Although Walmart is up 9% since Sept. 30 and its year-to-date return is 13%, the author says its valuation is high, at about 43 times earnings versus a 10-year average of 32. Expected earnings growth of about 9% for fiscal 2027 and 11% for fiscal 2028 is not enough to justify that valuation, so the author does not consider it the safest stock if conditions worsen.
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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