10 Large Cap Stocks Jim Cramer Can’t Stop Talking About

7. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Investors: 95

Market Capitalization: 620.31B

Jim Cramer highlights Walmart Inc. (NYSE:WMT)’s impressive performance, noting that the retailer’s strategy of providing great value to shoppers has paid off. Cramer points out that Walmart Inc. (NYSE:WMT) reported a strong quarter with a 4.2% increase in same-store sales, surpassing the 3.4% growth expected by Wall Street.

“Walmart proved that when you offer shoppers great value they’ll keep showing up. that’s how Walmart managed to report a glorious quarter they delivered 4.2% same store sales growth while Street was only looking for 3.4% with the vast bulk of that coming from transaction growth, not higher prices which is not what you want. You don’t want this number to be made by inflation.”

Walmart Inc. (NYSE:WMT)’s Q2 2024 earnings report shows strong performance, with earnings per share (EPS) of $1.84, exceeding the expected $1.69, and revenue up by 5.7% to $161.6 billion. This growth, driven by successful operations both in the U.S. and internationally, highlights Walmart Inc. (NYSE:WMT)’s ability to perform well across various segments. A major factor is Walmart Inc. (NYSE:WMT)’s effective omnichannel strategy, which led to a 24% increase in global e-commerce sales. The integration of online and in-store shopping has pushed e-commerce to make up 15% of total sales, while Walmart Inc. (NYSE:WMT)’s leadership in groceries continues to be a significant revenue driver.

Walmart Inc. (NYSE:WMT) has also raised its fiscal 2024 guidance, now expecting revenue growth of 4% to 4.5% and EPS of $6.36 to $6.46. This updated outlook shows Walmart Inc. (NYSE:WMT)’s confidence in maintaining strong performance throughout the year. Analysts are positive, with many recommending Walmart Inc. (NYSE:WMT) as a strong buy and anticipating a stock rebound after a minor post-earnings dip.