“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.”
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Recession or not, the stock market is doing fineThe S&P 500 posted yet another gain Thursday, even after new data showed the economy shrank for a second straight quarter.
Leer más »