In a volatile market, prioritizing growth without compromising stability is key. Quality stocks in defensive sectors shine during uncertain times, offering both a safety net and growth potential. Many of the dividend-paying, blue-chip companies might be considered unexciting but are valuable during market turbulence. They provide peace of mind and continued portfolio growth, allowing investors to step back confidently.
Today, we’re focusing on one stock that offers an excellent balance of growth and stability.
During the second quarter, Walmart emerged as a standout in a somewhat subdued retail sector. Not only did the retailer surpass expectations on both revenue and profit fronts, but it also provided third-quarter earnings guidance in the range of $1.45 to $1.50 per share. If it reaches the upper end of this range, it would equal the same quarter’s performance in 2022.
Walmart’s appeal extends across various consumer demographics, including those who may not have previously been regular shoppers at the store. This shift is primarily attributed to the ongoing inflationary pressures that have made consumers more conscious of their purchasing decisions, playing into Walmart’s favor as a value-oriented retailer.
For the full year, Walmart anticipates earnings between $6.36 and $6.46. At the higher end of this range, it represents a 2% increase from 2023. Analysts are even more optimistic, projecting an 8.8% earnings growth in the next 12 months. Moreover, with a reliable dividend currently yielding 1.43%, investors can anticipate a robust total return on their investment in WMT stock.
Is This The End Of Biden’s Dollar Destruction?
What you see in my hands is a new “alternative” currency that’s taking America by storm…
One which could ruin Biden’s CBDC plans.
It’s already popping across the nation… including Utah, New Hampshire and Nevada.
Most shocking of all, this new “alternative” currency is made of REAL GOLD… making it the perfect money.
If you’re worried about Biden’s control of your money, then you must check out this new “alternative” currency immediately…
I just recorded a short 2-minute video where I break down how it works… and reveal a FREE offer to send you this new gold currency.
[Click here now for details.]