Jim Cramer Believes "People Have Walmart Wrong"

Walmart Inc. (NYSE:WMT) is one of the stocks Jim Cramer shared insights on. A caller inquired about the long-term impact of rising inflation and potential tariffs on consumer staples on the stock. In response, Cramer said:

“Okay, I am so glad you asked me this because people have Walmart wrong. They’re a very forthcoming company. They say, listen, we’re going to have some problems… They’re very, they’re very honest. They’re terrific, and what they’ve done is make, it’s actually end up scaring people out of their stock. It does have a high price-to-earnings multiple. I do prefer Costco. I do hope Costco has a just okay month, so you can buy that cheaper tomorrow. But Walmart’s fine. It’s a fine stock.”

Walmart Inc. (NYSE:WMT) operates retail and wholesale stores, membership clubs, and eCommerce platforms under its own brands and regional sites. The company’s product range includes groceries, consumables, health and wellness, home goods, apparel, electronics, financial services, and digital payment solutions.

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