Walmart Inc. (WMT) Is Experiencing A Weird Tariff Perception, Says Jim Cramer

We recently published 11 Fresh Stocks On Jim Cramer’s Radar. Walmart Inc. (NYSE:WMT) is one of the stocks Jim Cramer recently discussed.

Walmart Inc. (NYSE:WMT), America’s largest brick-and-mortar retailer, has seen its shares gain a modest 6.9% year-to-date. The modest gains are partly driven by a 6.3% dip in August. Walmart Inc. (NYSE:WMT)’s shares fell after the firm struggled with profitability during its second quarter. While its $177.4 billion revenue beat analyst estimates, earnings per share of $0.68 missed estimates of $0.74 by quite a hefty margin. During the earnings, Walmart Inc. (NYSE:WMT)’s CEO warned that as the firm ran through its inventories and started to order again, it might see the impact of tariffs. The tariff impact is likely to be felt on the bottom line. Cramer discussed Walmart Inc. (NYSE:WMT) in the context of tariffs as well:

“People perceive them as not having a, of eating some, but not all of the tariffs. Now everybody else had the same thing, but somehow they got hit with that idea and I thought it wasn’t right.”

Here are his previous thoughts about Walmart Inc. (NYSE:WMT):

“Yeah and John David Rainey came over. Now John David, I’ve known him for many, many years. The CFO. And senior vice president. And I was concerned by the Walmart, their response about Amazon. Because Amazon, the Journal caught them raising prices. Now I’m trying to find out whether that’s [inaudible] but he said Walmart has not. And I think Walmart is, Walmart and Costco are the two great inflation fighters now. And I think that it’s, Walmart has a couple of, there was 200 million in shoppers. So, for them to hold down prices. . . and if we had an honest CPI, then you would have to question some of the prices that are up if they shop at Walmart. Because they didn’t increase the prices.

“Well CPI is all these different element of food. And you know, I think it matters where you shop. If you shop at Walmart. . .Then you know that things didn’t go up. Look you’re eyes are not lying. So anyway I think it’s great to hear from John David Rainey that the largest chain that you buy food did not raise things. . . remember there’s a Walmart every two minutes away from you. So i salute Walmart and I think that this is terrific.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.