I’d Like to See Walmart (WMT) Go Higher, Says Jim Cramer

We recently published 9 Stocks Jim Cramer Talked About in a Show Where He Advised OpenAI to Slow Down. Walmart Inc. (NYSE:WMT) is one of the stocks Jim Cramer discussed on the show.

Cramer discussed retail giant Walmart Inc. (NYSE:WMT)’s shares after the conversation shifted to consumer spending and the government shutdown. Along with Costco, the firm’s stock is one of his top picks in the sector. In his previous comments about Walmart Inc. (NYSE:WMT), Cramer has suggested that the firm can become one of the few dominant players in the sector due to its scale. The CNBC TV host recently discussed the firm’s potential to reach a trillion-dollar valuation as well. He put the odds at 10:1 due to Walmart Inc. (NYSE:WMT)’s recent run. In this appearance, Cramer shared that he wanted the stock to go higher:

“I would like to see Walmart. . .start going higher because that’s where people shop. But that hasn’t happened yet. . . .Look I wanna see things less heated in the data center and more heated with the consumer.”

As for whether Walmart Inc. (NYSE:WMT) can become a trillion-dollar company, here is what Cramer said on October 27th:

“Third, there’s Walmart. Now, currently, this is the closest company to the trillion-dollar level. It… [has a] $833 billion market cap. I’m putting its odds at 10:1. While I love Walmart, I love to shop there, I’m only making it my third favorite in this race because the stock’s had an incredible run, and get this, it’s trading at around 40 times earnings. That’s very high for any retailer, save Costco. Even Amazon only trades at 34 times this year’s earnings. Of course, Walmart’s made some major improvements, and the company’s massive scale allows it to cope with the tariffs better than nearly all of its competitors. But the stock, it’s just not cheap.”

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Disclosure: None. This article is originally published at Insider Monkey.