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. 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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