Jim Cramer Shares Thoughts On Big Tech As Part Of These 12 Stocks

9. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders In Q4 2024: 116

Cramer discussed mega-retailer Walmart Inc. (NYSE:WMT) the most during this particular show. The stock was at the center of the CNBC host’s attention because of President Trump’s intent to keep the firm on his radar due to potentially higher prices resulting from tariffs on American imports. Cramer commented on Walmart Inc. (NYSE:WMT) in quite a bit of detail:

“I mean I think that some of that ties into what Bessent talked about with Walmart. Now you better keep your prices down. Now Walmart, where I think that they’ve gone wrong, is that Walmart has actually tried very hard. They had their own brand which is very inexpensive. But if you’re Target, which is the number three retailer, of the brick-and-mortar, you know they have 400,000 people at Target, Target can’t go against Walmart! On food. Walmart’s just huge scale. I’m worried. . .but they’re the best!

“Well they weren’t blaming the tariffs, what they were saying was we’re gonna keep our prices down, the tariffs make it harder. Who doesn’t think that?

“Yes but if there was, the customers are watching they’re gonna be thrilled. Because customers can go to other places. You wanna go to Dollar General, fine! You wanna go to Target? Fine! You can go to Amazon, same-day for some things. But do they know that Walmart’s prices are appreciably lower than the rest!”

“The scale. Look, Walmart sells a lot of clothes. . . .Walmart’s what about two-thirds domestic, but a lot of that is grown here. Walmart has a line, that of five dollar food. That is quite good. And I think that no one can compete with them. And I wish the President had realized that Walmart is the lowest prices as it is. Maybe Costco.”

“I love Walmart. I think Walmart offers great prices. Well I mean like anyone who has actually been to Walmart and I don’t know how much time the President has spent at Walmart, would realize very quickly that wow, this place is so much cheaper than everybody else. But they don’t think like that. And then Walmart didn’t really give a projection. They didn’t know what they were going to earn.

“I think that these people all feel that they are part of a, like Bessent was a fund manager for 35 years. You’ve got the President who’s aware of Walmart. And you also have a lot of like, hold it if I’m gonna tell Apple they shouldn’t be an idiot, I can call these guys and tell them they ought to lower price.”