5 Stocks Jim Cramer Is Recommending

3. Walmart Inc. (NYSE: WMT)

Number of Hedge Fund Holders: 58 

Walmart Inc. (NYSE: WMT) is an Arkansas-based firm that owns and operates one of the largest retail-store chains in the world. It is ranked third on our list of 10 stocks Jim Cramer is recommending. In the first week of August, Cramer listed the firm as one of the undervalued stocks on the market and termed the stock anything but average. He added that the customer base of the firm was flush with cash from the pandemic, the stimulus, and higher wages which would benefit the firm in the coming months. Here is what he said:

“Walmart’s customer base is flush with cash from pandemic stimulus programs and higher wages due to the tight labor market.”

On August 10, investment advisory Bank of America reiterated a Buy rating on Walmart Inc. (NYSE: WMT) stock with a price target of $185, underlining that investors should buy the stock on the back of strong growth catalysts for the firm in the second half of 2021. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in the firm with 12.2 million shares worth more than $1.6 billion.