Walmart has significant China exposure -- about 60% of the manufactured products it sells -- but its reputation for "everyday low prices," economies of scale, and strength in groceries make it more resilient in a trade war or a down economy than most of its retail peers.

Walmart Inc. stock faces downside risks from tariff uncertainty, rising costs, missed estimates, and valuation concerns. Click for more on WMT and its earnings.

Walmart shares slumped in early trading Monday after President Trump said the retailer should absorb the cost of tariffs rather than pass it on to customers by raising prices.