Jim Cramer on Walmart Stock: “It’ll Burst Through”

Walmart Inc. (NYSE:WMT) is one of the 15 stocks that Jim Cramer recently talked about. A caller asked for Cramer’s thoughts on Walmart Inc. (NYSE:WMT), and he stated:

“Alright, Walmart’s been stuck at this level. Well, usually when that happens, it’s just a, it’s gaining momentum. It’ll burst through. I think it gets to 110.”

A manager standing in a hypermarket, pointing out items available for wholesale.

Walmart. (NYSE:WMT) operates a vast network of retail stores, ecommerce platforms, and membership clubs. The company provides a wide range of consumer goods, groceries, health services, electronics, and financial products through both physical and digital channels. The Mad Money host made the following remarks about the company in May:

“Was Walmart really supposed to eat all the tariffs that had been put on the goods it carries? It sure sounds like it. Take a look at the President’s posting this weekend, ‘Walmart should STOP trying to blame tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China, they should, as is said, EAT THE TARIFFS, and not charge valued customers ANYTHING. I’ll be watching and so will your customers’…

My understanding is that they negotiated the best deal possible on each item. The company then had to decide how much they could make on these goods when they sold them to their customer. Further, my understanding is that they tried to make it so other items that weren’t tariffed only saw their prices raise a little bit. They blended things to prevent a big increase in price for some specific heavily tariffed products. Good thinking…

I’m willing to wager that given Walmart has price leadership on pretty much every item it sells, the president would most likely end up posting that the other companies should cut their prices to as low as Walmart’s.”

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Disclosure: None.