Walmart Inc

WMT

Market cap $879B

A ramp-up in fighting between the U.S. and Iran over the weekend has left Wall Street reconsidering its expectations for the war's economic impact. Stocks continue to brush off the latest flare-up in tensions, but economists are worried that energy prices once again ascending could weigh on consumers and the broader economy.

SOXX dips into a bear market

Walmart's general merchandise rebound lifts mix and margins, led by fashion, hardlines, private brands and marketplace growth.

Walmart (NYSE:WMT | WMT Price Prediction) and Procter & Gamble (NYSE:PG) both just delivered results that reveal how two consumer defensive giants navigate the same tariff-heavy backdrop from opposite ends of the aisle.

Taylor Farms is voluntarily recalling iceberg lettuce in 27 states because of possible contamination with cyclosporiasis. Before the recall, Taco Bell removed the lettuce from its restaurants.

Chewy is expanding its reach beyond online retail by integrating physical veterinary clinics and professional health services. Walmart continues to dominate the global retail landscape by leveraging its massive scale and growing advertising business.

Kieran Shanahan, chief operating officer of Walmart's U.S. operations, is leaving the retailer and will ​be replaced by the company's international division ‌COO, Kyle Kinnard, an internal memo showed on Friday, amid a major management rejig under CEO John Furner.

Kieran Shanahan, chief operating officer for Walmart U.S., will leave this week.

U.S. consumers kept spending in June, but the mix shows why Walmart and Amazon are leaning harder into price as the back-to-school season begins. The Commerce Department's June retail sales report showed sales rising 0.2% from May to $768.6 billion and 6.7% from a year earlier.

WMT's 36.74X forward P/E reflects confidence in digital growth but leaves little room for execution missteps.