5 Best Hard Landing Stocks to Buy Now

3. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 60

Walmart Inc. (NYSE:WMT) is an American retailer that operates supercenters, supermarkets, hypermarkets, cash and carry stores, discount stores, membership-only warehouse clubs, and ecommerce websites. Walmart Inc. (NYSE:WMT) is one of the best defensive plays in a hard landing scenario, as demand for daily household merchandise never subsides despite a cut back in consumer spending. On June 27, Goldman Sachs analyst Kate McShane reiterated a Conviction Buy rating but lowered the price target on Walmart Inc. (NYSE:WMT) to $138 from $160. The analyst slashed fiscal 2022 earnings estimates by 2% on a reduced margin outlook.

According to Insider Monkey’s database, 60 hedge funds were bullish on Walmart Inc. (NYSE:WMT) at the end of Q1 2022, compared to 63 funds in the preceding quarter. D E Shaw is a prominent position holder in the company, with 5.6 million shares worth $783 million.