Here’s What Jim Cramer is Saying About These 10 Stocks

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Investors: 95

Jim Cramer discussed Walmart Inc. (NYSE:WMT) under Doug McMillon, noting that while McMillon often avoids detailed comments on quarterly performance, Walmart’s strategy of lowering prices on 7,200 items is getting attention. Cramer emphasized that Walmart Inc. (NYSE:WMT) now offers remarkably low prices, with some items reduced to levels from 2020 or 2019.

“Finally, let’s discuss Walmart under Doug McMillon. McMillon doesn’t like to talk much about the details of the quarter, but one thing is clear: by rolling back prices on 7,200 items, Walmart is making sure people notice. Shoppers go to Walmart and find incredibly low prices, some even rolled back to 2020 or 2019 levels. Walmart, once a drag to shop through, is now dazzling. Before you dismiss it, I urge you to take a look—don’t be a snob. You might be surprised by how great Walmart is.”

Walmart Inc. (NYSE:WMT) is a strong investment due to its vast global presence and strategic strengths. As the world’s largest retailer with over 10,500 stores in 24 countries, Walmart Inc. (NYSE:WMT) uses its size to negotiate favorable deals with suppliers, allowing it to offer low prices while maintaining healthy profit margins. Walmart Inc. (NYSE:WMT)’s extensive distribution network and efficient supply chain further enhance its ability to serve a large customer base effectively. In fiscal year 2023, Walmart Inc. (NYSE:WMT) reported revenue of $611.3 billion, marking a 6.7% increase from the previous year.

This solid financial performance supports its ability to invest in growth, pay dividends, and repurchase shares, making it appealing to investors. Walmart Inc. (NYSE:WMT)’s e-commerce sales grew by 17% in FY 2023, thanks to improvements in its online platforms and services like Walmart+. Walmart Inc. (NYSE:WMT)’s business model also proves resilient during economic downturns, such as the COVID-19 pandemic, when strong sales of essentials drove growth.

Walmart Inc. (NYSE:WMT)’s strategic moves into healthcare, financial services, and new technologies enhance its long-term growth potential. Additionally, its commitment to sustainability and social responsibility, with goals for zero emissions and waste reduction by 2040, boosts its brand appeal to socially conscious investors.