Is It Too Late to Buy Walmart Stock?

It's America's favorite retailer for good reason -- and the stock price reflects it.It looks like inflation is heating up again. That could mean higher interest rates for longer, thus tightening financial conditions that could eventually tip the economy into recession.In such an environment, Walmart (WMT 0.08%) is a no-brainer for defensive investors. It is a consumer stronghold that does well when people want to tighten their budgets. But investors have gotten a head start on scooping up shares. The stock ...