Sarah Henry expects rising costs from the Iran conflict to further pressure consumers, but thinks big box retailers have built “really defensive business models” and continue to slowly gain share. “The big are getting bigger,” she says, discussing how names like Costco (COST) and Walmart (WMT) are strategizing in the K-shaped economy. Sarah also thinks Amazon (AMZN) is “getting things right.” Tom White offers an example options trade on Costco.