US consumer stocks for turbulent times | overseas companies

There is no Walmart in New York City. It is the only major city in the United States that does not have a branch of the world’s largest company in terms of sales and employees. For years, Democrats and unions have blocked any attempt by the retailer, considered wage-disappointing, to gain a foothold here. Despite this, the largest branch of the group is in Albany, the capital of the state of New York, represented by it.

The American shopper will find it all here on more than 24,000 square meters: from ground beef in a practical 10-pound roll to pants, sofas, refrigerators, and shotguns with ammo. At the very least, the trial grocery purchase comes from the giant general store, which has much cheaper and cheaper than many other retailers. This is not to be underestimated, especially during times of the highest inflation in the United States in forty years.

New customer groups

This is reflected in the second-quarter numbers that the giant published last week. “Walmart has done better than many thought,” said Edward Moya, analyst at forex broker Oanda. The group has slightly raised its earnings forecast for the year as a whole. As a result, stocks rose in the entire consumer sector.