The Trump administration’s tariffs cause inflation fears, impacting low-income households more due to high rent and food prices. Bernstein predicts tax refunds under the One Big Beautiful Bill Act could add $1.0k–$2.0k per household, potentially boosting middle-class spending, benefiting retailers like Costco, TJX Companies, and Walmart.

Costco, with a market cap of $436.4 billion, operates a membership-based wholesale club model. The stock is up 5% in the past year, offering a dividend yield of 0.53%. Costco’s revenue and earnings have grown steadily, with the latest quarter showing beats on both fronts.

TJX Companies, valued at $170.2 billion, specializes in off-price retailing. The stock is up 23% in the past year, offering a dividend yield of 1.11%. TJX’s revenue and earnings have been growing consistently, with the latest results exceeding expectations.

Walmart, with a market cap of $938.3 billion, is a multichannel retail leader. The stock is up 25% in the past year, offering a dividend yield of 0.80%. Walmart has been increasing dividends for 52 years, with room for further growth. Revenue and earnings have seen steady growth, with recent quarters exceeding expectations.

Read more at Yahoo Finance: 3 Winning Stocks to Buy Thanks to One Big Beautiful Bill Tax Refunds