K-Shape Economy Hits Retail: Steve Hochman on WMT, TJX High-End Consumer Strength

High-end consumers continue to drive the economy, even in companies like Walmart (WMT). That's according to Steve Hochman, who makes the case that "segmentation strategy" will always win when it comes to companies focusing on getting different income classes to spend. He talks about how Walmart is adjusting to the shift in consumer spending and explains how TJX Companies (TJX) is outperforming while other retailers like Home Depot (HD) lag. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about