5 Best Bear Market Stocks to Buy Now

4. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 67

Walmart Inc. (NYSE:WMT) is a supermarket and supercenter operator that is headquartered in Bentonville, Arkansas, the United States. The firm has stores all over the globe and it operates close to 11,000 outlets.

Walmart Inc. (NYSE:WMT) is the world’s largest grocery store company and the fact that close to 56% of its sales are for grocery hedges the firm against a recession. Additionally, the firm is also relatively resilient to rising fuel prices, as its stores are in regions in the U.S. where gas and diesel prices are below the national average.

Walmart Inc. (NYSE:WMT) pays a 56 cent dividend for a 1.74% yield. Insider Monkey took a look at 895 hedge fund holdings for this year’s second quarter and discovered that 67 had held a stake in the company.

Rajiv Jain’s GQG Partners is Walmart Inc. (NYSE:WMT)’s largest investor. It owns 9.8 million shares that are worth $1.1 billion.