Walmart Earnings Impact Traded on Three Low-Cost Consumer Staples ETFs

Walmart's Q2 earnings report is scheduled for August 20, and Wall Street analysts expect an earnings per share and revenue beat despite concerns over inflation's impact on consumer confidence.

The uncertainty surrounding Walmart's performance has options traders pricing in a roughly 5% move in either direction. For investors looking to participate in the story without direct exposure to Walmart, exchange-traded funds (ETFs) with significant holdings of WMT can be an attractive option.

Here are three low-cost ETFs that track consumer staples and have significant weightings in Walmart: Global X PureCap MSCI Consumer Staples (GXPS), Fidelity Covington Trust MSCI Consumer Staples Index (FSTA), and VanEck Consumer Staples TruSector ETF (TRUO).