Was Jim Cramer Right About These 16 Stocks?

9. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Investors: 116

Cramer was very bullish on Walmart Inc. (NYSE:WMT), calling it a “juggernaut” with exceptional management. He praised CEO Doug McMillon, highlighting Walmart’s ability to consistently outperform in retail:

“You know something? It is hard to find a bad time to buy Walmart. This stock is just a juggernaut. Management there is so good. Doug McMillon is so good.”

The company has indeed been doing amazing over the past year and that’s reflected in the stock price which is up 50.35%.

Here is what Cramer said about Walmart in a Mad Money episode which aired on the 25th of February:

“Although Walmart has a degree of wealthier people going there. . . They’re getting that, the amount of how much people make of Walmart’s going up. This is an important bedrock.  You can’t use it as a bank. But I think that rich people are overweight in the Mag 7.”