Jim Cramer on Walmart: “The Stock, It’s Just Not Cheap”

Walmart Inc. (NYSE:WMT) is one of the stocks Jim Cramer recently provided insights on. Cramer highlighted the company’s trillion-dollar market cap potential, as he said:

“Third, there’s Walmart. Now, currently, this is the closest company to the trillion-dollar level. It… [has a] $833 billion market cap. I’m putting its odds at 10:1. While I love Walmart, I love to shop there, I’m only making it my third favorite in this race because the stock’s had an incredible run, and get this, it’s trading at around 40 times earnings. That’s very high for any retailer, save Costco. Even Amazon only trades at 34 times this year’s earnings. Of course, Walmart’s made some major improvements, and the company’s massive scale allows it to cope with the tariffs better than nearly all of its competitors. But the stock, it’s just not cheap.”

Pixabay/Public Domain

Walmart Inc. (NYSE:WMT) operates retail and wholesale stores, clubs, and eCommerce platforms. The company provides groceries, consumables, apparel, electronics, home goods, and health products.

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Disclosure: None. This article is originally published at Insider Monkey.