[U.S. economy unexpectedly lost 23,000 jobs in July](https://www.cnbc.com/2026/08/07/jobs-report-july-2026.html) — the headline everyone's fixated on. But here's what's getting missed: your quality retailers are sitting on war chests. Home Depot posted $41.8B in quarterly revenue with a 7.9% net margin and 6.9% ROIC. Walmart's at $177.8B in quarterly revenue with 3.0% margins and 4.3% ROI. When unemployment spikes into contraction, these two don't cut — they buyback.

Research these companies