Jim Cramer’s Opinion on 5 Stocks Like Amazon and Walmart

In this article, we will look at Jim Cramer’s Opinion on 5 Stocks Like Amazon and Walmart. Please visit Jim Cramer’s Opinion on 14 Stocks Like Applied Aerospace and Delta Air Lines if you’d like to see the extended list and methodology behind it.

5. Walmart Inc. (NASDAQ:WMT)

Walmart Inc. (NASDAQ:WMT) was among the stocks Jim Cramer shared his opinions on during Mad Money. During the episode, Cramer called it one of the “greatest companies on earth.” He stated:

I think you’re getting an incredible buying opportunity here because the stock’s been getting pummeled right as Walmart’s biggest worries have started to fade away, specifically concerns about expensive oil and the state of the consumer… This is not some blown-up semiconductor stock; it’s one of the greatest companies on earth… I think Wall Street’s jumping to the wrong darn conclusion. Wall Street doesn’t shop at Walmart. It doesn’t know what’s happening. It doesn’t know while consumers are struggling a bit, Walmart’s going to be an ideal destination for shoppers all the way up to the $100,000 category, okay? It’s a trade-down play that people who are wealthier have discovered has a lot of incredible value…

Somehow, Walmart stock hasn’t gotten an ounce of credit. Maybe the PE multiple’s too high. I do not know, but I think you’ve got a great setup for the consumer and for Walmart. Here’s the bottom line: While Walmart’s latest quarter, okay, it wasn’t perfect, so what? That’s why the stock’s down a lot. It was bad enough to justify the stock’s subsequent 18% decline? No. Again, I think a lot of the weakness here comes down to the sense of malaise created by super high oil prices, and Walmart stock should get a reprieve now that oil’s back down to reasonable levels. That’s why I think Walmart’s worth buying right here, right now into weakness, especially if you missed out on that fantastic rally over the past couple of years.

Walmart Inc. (NASDAQ:WMT) operates retail stores, warehouse clubs, and online platforms that sell groceries, everyday essentials, home goods, apparel, electronics, and more.