“Walmart may be the most recession-proof company ever,” Levon Galstyan, an accountant with the Jersey City-based law firm Oak View Law Group, told The Post.
“And whether they’re visiting the store or shopping on Walmart’s developing e-commerce website, they might also purchase some additional luxuries.”Walmart shares closed up 1.8% on Friday. Robert R. Johnson, the CEO of New York City-based Economic Index Associates, thinks investors should opt for “defensive sectors whose firms are less dependent upon the business cycle.”
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