Jim Cramer Questions Market Logic and Dissects These 7 Key Stocks

6. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 116

Despite initially pulling its operating income guidance, Walmart Inc. (NYSE:WMT) impressed Jim Cramer with its confident tone and leadership during a turbulent macro environment, positioning itself as one of the few retailers with genuine pricing power. He remarked:

“Walmart pulls its operating income guidance for the current quarter. […] People thought they were going to guide down. I heard many people tell me last night, boy, are you ready for Walmart’s big guide down? […]

[after listening to the company’s CEO giving a positive outlook] It’s rather extraordinary to have a level of confidence from the largest retailer. And Doug McMillan should be applauded.

[talking about how the largest retailers have pricing power] And they have power. They have pricing power. And they can make the Japanese, look, the Chinese right now, here’s what they’re saying: we can’t go up against Walmart; we can’t!”