5 Best Recession-Proof Stocks to Buy Now

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 91

Walmart Inc. (NYSE:WMT) is a retail and wholesale company based in Bentonville, Arizona. Retail companies in the consumer staples sector have historically been recession-proof.

Walmart Inc. (NYSE:WMT) outperformed the S&P 500 by 56.3% during the 2008 financial crisis.

Seth Sigman, an analyst at Barclays, holds an Overweight rating on Walmart Inc. (NYSE:WMT) shares as of May 21. The analyst also raised his price target on the stock from $159 to $162.

Walmart Inc. (NYSE:WMT) was seen in the portfolios of 91 hedge funds in the first quarter. Their total stake value was $5.7 billion.

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