Key Points Walmart and WM operate businesses that consumers consistently need. Walmart raised its full-year sales and profit outlook. WM has increased its dividend for 23 consecutive years. 10 stocks we like better than WM › If I'm buying a stock with the intention of holding it for decades, I want a company that can make money when the economy is booming and that can keep making money when it isn't. Walmart (NASDAQ: WMT) and WM (NYSE: WM) fit that description particularly well. Neither relies on consumers buying expensive discretionary products. Walmart sells groceries, household products, and other everyday necessities. WM collects and disposes of trash. Recession or not , people still need both. And October also offers an interesting entry point.
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