Best Value portfolio

Walmart's market value recently topped $400 billion. Walmart has about 10,500 stores in 24 countries, as well as a vibrant e-commerce storefront. As a seller of basic consumer goods, from groceries to diapers, Walmart is largely recession-proof and can look forward to good results in good times and bad. In fiscal year 2022, the company generated nearly $153 billion in revenue. Earnings per share are forecast to rise 38.1%. Walmart Inc announced a dividend increase on May 31 to $0.56.

Procter & Gamble posted earnings of $1.66 per share in its fiscal second quarter on revenue of $21 billion, beating analysts' forecasts, and raised its 2022 sales growth forecast. Analysts had expected sales of $20.34 billion. The company said sales were up 6% in the quarter. Procter & Gamble also reiterated its FY22 core earnings-per-share growth forecast in the 3% to 6% range. We maintain our Buy recommendation, seeing PG's best-in-class supply chain and dominant pricing policy as significant competitive advantages in this challenging operating environment.