Jim Cramer Laid Out This Week’s Game Plan: 12 Stocks in Focus

8. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 105

Walmart Inc. (NYSE:WMT) is one of the stocks in focus as Jim Cramer laid out this week’s game plan. Cramer noted the news of the company’s CEO retiring. He commented:

“Now, we got some jarring news this morning, really jarring for me, I don’t know why I took it so personally, the retirement of Doug McMillon, the longtime CEO of Walmart, and he’s going to be replaced by a fellow by the name of John Furner, Furner, who’s the head of Walmart’s US business.

Now, I had a special relationship with Doug, which included multiple trips with my two daughters to shop there, and I always told him about it. Doug has a remarkable interest in fighting inflation, especially high food prices. He’s done real service to his customers. I think he’s an American hero. I think he will be missed. He’s quite a gentleman. I expect a great quarter, though, because I can’t imagine Doug’s last quarter being anything other than a great one.”

Walmart Inc. (NYSE:WMT) operates a network of retail and wholesale formats, ecommerce platforms, and membership clubs. The company provides groceries, everyday consumables, home and seasonal goods, apparel, electronics, and health services.