Jim Cramer Discussed These 11 Restaurants and Retail Stocks

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1. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 88

Cramer noted that bargain hunters enjoy Walmart Inc. (NYSE:WMT) and mentioned the company’s low prices.

“This cohort also enjoys going to Walmart. Can’t believe how low the prices have become. They’ve taken down a lot of prices, cheaper than the dollar stores in many cases now that those places have broken the buck. Amazing designer clothes, can’t-be-beat prices.”

Walmart (NYSE:WMT) is one of the most recognizable names in retail and it offers an extensive range of products that cater to a variety of consumer needs. According to CEO Doug McMillon, while general merchandise costs are now lower than a year ago, they still remain higher than they were two years ago for similar items. To address these concerns, the company has focused its pricing strategies on maintaining affordability for shoppers.

Management highlighted that the company’s “Everyday Low Prices” approach was well-received by customers in its third quarter, offering some relief amid ongoing economic challenges. John David Rainey, Executive Vice President and Chief Financial Officer, emphasized the importance of continuing to offer lower prices across both national and private brands, particularly in the U.S.

In line with this strategy, Walmart (NYSE:WMT) implemented price rollbacks on about 6,000 items, including around 3,000 grocery items. Additionally, nearly 2,000 of the price rollbacks from the previous year have been converted into permanent, long-term price reductions. Despite these efforts, Walmart’s CFO acknowledged in a CNBC interview that there may still be instances where prices will increase for consumers. However, he emphasized that the company would continue to work closely with suppliers to help reduce prices wherever possible.

While we acknowledge the potential of Walmart Inc. (NYSE:WMT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than WMT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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