Jim Cramer on Nvidia Plus Other Stocks

3. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 88

Comparing Walmart Inc. (NYSE:WMT) and Target, Cramer remarked:

“Our loyalty to value means that if you wanna buy Dixie paper bowls, Kellogg’s Fruit Loops, Dawn dish soap, and Tide Pods and then have them delivered, we’d much rather pay $48 and 13 cents from Walmart than $62 and 96 cents at Target. Yes, those are actual prices. Actual goods that were bought today and that’s too big a differential. Walmart’s scale and smarts are simply besting Target in the price arena… I am loyal to value and Walmart is offering me value and that’s why Walmart stock could be up 66% for the year and still climbing.”

Walmart (NYSE:WMT) is a global leader in retail and eCommerce, offering a wide range of products from groceries and health items to home goods, electronics, apparel, and private label merchandise. In its third-quarter earnings report, it revealed strong performance in its U.S. e-commerce segment, which saw a 22% growth in sales. This growth was fueled by higher customer engagement and expanded delivery and pickup options.

The company’s global e-commerce operations also experienced a 27% increase, further reflecting the success of its online strategy. The company’s commitment to price leadership contributed to a 21-basis-point increase in its gross margins, with its “Everyday Low Prices” approach continuing to resonate with customers. John David Rainey, Executive Vice President and Chief Financial Officer, emphasized the importance of maintaining low prices for customers, noting that the company continues to lower prices across its assortment of both national and private brands in the U.S.

During the quarter, Walmart (NYSE:WMT) implemented price rollbacks on approximately 6,000 items, including around 3,000 grocery items. Additionally, nearly 2,000 price rollbacks from the past year have now been converted into long-term price reductions, reinforcing the company’s commitment to value for its customers.