20 Stocks Jim Cramer Discussed in This Changing Market Including Sandisk and TJX

12. Walmart Inc. (NASDAQ:WMT)

Walmart Inc. (NASDAQ:WMT) was among the stocks Jim Cramer discussed in this changing market. Cramer noted that the company is “fine” in the long run, as he stated:

Now, let’s talk about the retailers that were, I don’t know, let’s call them more or less okay, Walmart and Target. I hesitate to call these quarters bad, but they clearly, you know, the market didn’t like them. Wall Street took a look at Walmart’s numbers and decided to sell the stock hard. It tumbled 7.2% in response last Thursday… I don’t think it’s so bad, but I think, let’s put it this way, I think the declines were excessive. Walmart matched expectations for U.S. same-store sales, up 4.1%. Eked out a small revenue beat. Delivered inline earnings, which were up 8% year over year.

Walmart also declined to raise its full-year forecast, which sat below Wall Street’s estimates. Management argued that even reiterating their previous forecast should be seen as a positive, given the impact of higher fuel prices. But they also talked about the new pressure on the consumer. We don’t want to hear that. And that’s how we ended up with a negative reaction to the quarter. Doesn’t help that Walmart’s pretty expensive relative to its growth rate. In the long run, though, look, I think Walmart’s fine. I see the pullback [as a] rare buying opportunity.

Walmart Inc. (NASDAQ:WMT) operates retail stores, warehouse clubs, and online platforms that sell groceries, everyday essentials, home goods, apparel, electronics, and more.