We recently published a list of Jim Cramer Discusses These 7 Stocks & Is Sick And Tired Of Negativity. In this article, we are going to take a look at where Walmart Inc. (NYSE:WMT) stands against other stocks that Jim Cramer discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer shared why he believes that President Trump’s tariffs are generating negativity in the media and markets. Citing Michael Dell’s computer hardware company, he shared that if “you’re going to buy some equipment” from the firm, it would have to “import some things.” Tariffs introduce confusion in product prices, Cramer shared. “Is it 25%? Is something if it’s a 100 dollars, 125? People want certainty. We don’t have certainty yet. Maybe April 2nd, the day of April Fool’s Day we’ll have a better feel for everything,” he added.
As investors worry about the economy and enter into a risk-off mode, one casualty of the pessimism has been Bitcoin. Year-to-date, the world’s premier cryptocurrency is down by 10.5% year-to-date. Commenting on the fall, Cramer stated “Bitcoin has kind of lost its luster, so to speak. Ha ha. People are thinking that Bitcoin may not be as great a store of value as gold is.”
“David the gloom is so palpable, I hate being so happy out here,” He added. “David, I’m tired. I’m tired of the negativity. Can we stop it? Let’s be more upbeat,” Cramer said.
One key theme of the show was negativity and its effect on markets. At the opening bell ring, America’s largest bank in terms of assets launched a new inverse futures ETF. As futures dropped due to the negativity, Cramer remarked: “Boy do we need that. Talk about something we need right now.”
Keeping up with the theme, Cramer lamented “that everyone is so gloomy, you can cut it with a hammer, don’t need a knife. Hey can I get a putting knife to cut the gloom please?”
The CNBC TV show host also remarked on Wall Street’s top AI GPU stock being up 30% over the past year despite its disappointing year-to-date performance:
“Well you know why? Because he’s talking quantum today and that’s another ridiculous thing that everybody’s excited about that’s not gonna be good for three to five years. Except for nuclear. That’s the one that people are starting to talk about. Long after you and I are pushing up daisies, nuclear’s still gonna be in its infant stage.”
As to whether he’s uncertain about America’s future, here’s what Cramer said:
“I’m not so bearish on America like everybody else. Look I know that the Fed governors are offline. They’re worried, they’re worried, they’re worried. Okay. Look, we’re gonna have tariffs. And then we’re gonna get over the tariffs. And then we’re gonna do fine. So you can sell now and I hope you can get back in. Good luck.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on March 20th.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders In Q4 2024: 116
Walmart Inc. (NYSE:WMT)’s another top Jim Cramer retail stock. The host is impressed by the firm’s scale which he believes is key to its survival in an inflationary market and tariffs. However, while Cramer has gone as far as to say that Walmart Inc. (NYSE:WMT) is one of his top non-tech stocks, more recently, he has raised doubts about the firm’s performance. Walmart Inc. (NYSE:WMT) is also adding buy-now, pay-later firm Klarna to its stores. Klarna is set to list its shares on the market. Here’s what Cramer said about the deal:
“Uh, Klarna, takes the Walmart deal. We don’t even know what they had to give Walmart to get that from a firm. Less than five percent of a firm is a lot of comeback here.”
“No, I’m saying that Walmart’s cheap and Amazon are cheap. And I don’t share the negativity when it comes to the vast number of people who trade.”
Overall, WMT ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of WMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. 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: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: None. This article is originally published at Insider Monkey.
