Core Viewpoint - Walmart is a resilient retail giant that has consistently performed well during economic downturns, making it a reliable long-term investment option [2][10]. Company Performance - Walmart has a market capitalization of $891 billion and a current stock price of $111.74, with a gross margin of 23.90% and a dividend yield of 0.84% [7]. - The stock has shown strong performance during various recessions, including a 14% increase from March to November 2001, while the S&P 500 declined by 8% [9]. - During the Great Recession from October 2007 to March 2009, Walmart's stock rose by 8%, contrasting with a 36% decline in the S&P 500 [11]. - In the COVID-19 crash from February to March 2020, Walmart's stock declined by less than 1%, while the S&P 500 fell by 20% [11]. Business Strategy - Walmart's core business model focuses on selling everyday items at low prices, which attracts consumers even during economic hardships [4]. - The company has successfully expanded its business through annual memberships, advertising, and e-commerce, but its brick-and-mortar presence remains crucial [5]. - Walmart is particularly favored by consumers during periods of high inflation, as it offers discounts that are often unavailable at premium retailers [6].