Jim Cramer on Walmart: “It Bounced Off the Roof, Came Back Down, and It’s Ready to Run”

Walmart Inc. (NASDAQ:WMT) is included in Mad Money’s latest recap as Jim Cramer outlined his strategy for market sell-offs. A caller asked if the stock works as a “safety trade” in the current environment, and Cramer replied:

I absolutely think that Walmart is okay here. I like the stock very much. I think it just had a, it bounced off the roof, came back down, and it’s ready to run.

Walmart Inc. (NASDAQ:WMT) operates retail stores, warehouse clubs, and online platforms that sell groceries, everyday essentials, home goods, apparel, electronics, and more. Cramer mentioned the stock during the March 23 episode and said:

There are bargains to be had all over retail, and they just don’t look like it. Walmart, okay, its stock’s up 8% year to date. Costco, up 12% year to date. Both have high price-to-earnings multiples. I get that, but they’d do well if you think that we’re headed toward a slowdown because of oil prices.

We covered the stock while discussing the most overvalued companies according to the media. You can read more here.

While we acknowledge the risk and potential of WMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WMT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.