Jim Cramer Says Walmart Inc. (WMT) Made A Mistake When Discussing Tariffs

We recently published 10 Latest Stocks on Jim Cramer’s Radar. Walmart Inc. (NYSE:WMT) is one of the stocks Jim Cramer recently discussed.

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Cramer discussed Walmart Inc. (NYSE:WMT) in the context of the troubles faced by consumer packaged food companies due to high prices and Costco. While the CNBC TV host believes that Costco has done all it can to keep prices lower, Walmart Inc. (NYSE:WMT) has had to pass on some tariff impact to consumers. The shares fell by 6% in August after the firm struggled to meet investor expectations for profitability. Here is what Cramer said about Walmart Inc. (NYSE:WMT):

“. . .if I were to be in front of the Federal Reserve, I’d say listen you gotta go twofold, you gotta look at Walmart and Costco. Now Walmart has passed on, unfortunately they’ve had to pass on some tariffs. . .

“I was quite surprised that Walmart has been going down. Because Walmart, look Walmart’s doing everything it can, and I think that Walmart remains one of those places that you could say well wait a second, there’s a lot of inflation but these guys are on our side. I find that Walmart, when I shop at Walmart, I’m saying ehh, they’re different.

“Walmart fits the zeitgeist, I don’t know why Walmart’s been, because Walmart went and said that some of the things are passed one. They got blasted. The other guys seem to have learned don’t say that it’s passed on [laughs].”

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