And yet the stock has been totally crushing it. Like a perfectly smooth chart, hardly a hiccup ever even for 2022. Walmart does well no matter what: high inflation due to strong economy means higher prices. Economic weakness means people shop at Walmart to save money.
Welcome to the consumer staples sector. You do relatively well during recessions because people have to eat, but during boom times they're not going to buy 2x more because their wallets are fatter. Your growth prospects are also heavily limited, in contrast to "growth" companies like Amazon.
Also, generally you can't get everything you need from small shops, unfortunately.
https://en.wikipedia.org/wiki/Something_Wall-Mart_This_Way_C...