Jim Cramer Says Walmart Inc. (WMT)’s One Of Three Major Retailers In The Industry

We recently published 15 Stocks Jim Cramer Discussed As He Said CEOs Were Afraid Of Hiring. Walmart Inc. (NYSE:WMT) is one of the stocks Jim Cramer recently discussed.

Mega retailer Walmart Inc. (NYSE:WMT)’s shares have gained 13.6% year-to-date but would have been lower had it not been for a 6.4% jump since late August. The shares jumped after an earlier 4.4% dip following Walmart Inc. (NYSE:WMT)’s fiscal second-quarter earnings revealed a surprising profit miss. During the quarter, while the firm raked in $0.68 in EPS, analysts had penciled in $0.74. However, even though the shares dropped, Cramer praised Walmart Inc. (NYSE:WMT) for its honesty in informing investors about its problems. Safe to say, he continues to believe that the firm is among the handful of mega retailers dominating the industry:

“Costco, Walmart, TJ, Costco, Walmart, TJ, Amazon, Costco, Walmart, look, that’s it. We’re in a world where there’s just going to be a few players. They represent great value. And then everybody else is going to reinvent.”

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Here’s what Cramer said about Walmart Inc. (NYSE:WMT) after its earnings:

“Okay, I am so glad you asked me this because people have Walmart wrong. They’re a very forthcoming company. They say, listen, we’re going to have some problems… They’re very, they’re very honest. They’re terrific, and what they’ve done is make, it’s actually end up scaring people out of their stock. It does have a high price-to-earnings multiple. I do prefer Costco. I do hope Costco has a just okay month, so you can buy that cheaper tomorrow. But Walmart’s fine. It’s a fine stock.”

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