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.

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