These stocks are worth noting amid economic uncertainty
While stocks have righted themselves in the last week, there is still plenty of uncertainty to go around. With this in mind, it's worth noting that discount retailers were some of the only winners when everything fell apart. Since we're not quite out of the woods yet, here are some potentially recession-proof stocks to keep an eye on.
Dollar Tree Inc (NASDAQ:DLTR) staged an extended bounce at the start of the tariff updates last month, though a point of pressure at the $80 level kept a cap on gains. Today, DLTR was last seen 0.2% lower at $73.54. Year-to-date, the equity is currently down 1.6%, though that's still a better performance than the S&P 500 Index (SPX).
Costco Wholesale Corp (NASDAQ:COST) was up 0.2% at $980.92 at last glance today, with overhead pressure lingering at $1,000. Just last week, the company announced March net sales results of $25.51 billion, causing Loop Capital to point to the retailer as a potential winner should inflation rise. Since the start of the year, COST is outperforming with a 7.2% gain.
Walmart Inc (NYSE:WMT) was last seen up 0.4% at $95.11. On the charts, the $95 region provided pressure for most of December, but the blue-chip retailer hit a record high of $105.30 after breaking past it in mid-February. On track for its fifth-straight daily gain, WMT is up 5.2% year-to-date.