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Walmart Wreaked Havoc on Retail. Grab These Unfairly Punished Stocks Now.

Updated July 27, 2022 9:03 am ET / Original July 27, 2022 12:01 am ET

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You know retail is in trouble when even Walmart can’t manage its way through inflation pressures. Still, some stocks are starting to look appealing despite the headwinds.

On Monday night, Walmart (ticker: WMT) became the latest retailer to warn that shoppers are being forced to spend more on food and other necessities and they’re making sacrifices by cutting back on clothes and other discretionary items. Its stock dropped 7.6% on Tuesday, and its warning was so dire it sank the entire retail sector, with the SPDR S&P Retail exchange-traded fund (XRT) slumping 4.2%. The shares of companies focused on lower-income shoppers, who seem to have been particularly hard hit by rising inflation, were among the hardest hit.

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