Walmart (WMT) Might Be the Biggest Inflation Fighter in America, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed & Continued To Talk About AI & Enterprise Software.  Walmart Inc. (NASDAQ:WMT) is one of the stocks Jim Cramer discussed.

Retail giant Walmart Inc. (NASDAQ:WMT) reported its fiscal fourth quarter earnings last week. The results saw the firm post $190.66 billion in revenue and $0.74 in earnings per share to beat analyst estimates of $190.43 billion and $0.73. Walmart Inc. (NASDAQ:WMT)’s full-year results were also historic as the firm’s $713 billion in revenue was surpassed by Amazon’s $716 billion in sales. On February 20th, Telsey upgraded the share price target to $140 from $135 and kept an Outperform rating on the shares. The financial firm outlined that Walmart Inc. (NASDAQ:WMT) should continue to gain market share and maintain its leadership in the retail market. Cramer’s previous remarks about the firm have praised its ability to effectively compete with Amazon and keep prices low for Americans. Rothschild Redburn discussed Walmart Inc. (NASDAQ:WMT) on the 17th. It raised the share price target to $150 from $110 and kept a Buy rating on the shares. Part of the reasons behind the bullishness were the retailer’s digital initiatives. In this appearance, Cramer remarked that Walmart Inc. (NASDAQ:WMT) had set low expectations and heaped praise for the price control:

“By the way Walmart was not, don’t pay any attention to any story. Greatest headline yet this year, Bernstein, how much is management sandbagging? They always give you much lower forecasts since the beginning of the year.”

“I’m just saying that when it was down four. . .I want to talk about this notion of people not understanding how people want to set expectations at the beginning of the year. And Walmart and DoorDash set very low expectations, and they’re already beating them.

“I think Walmart has become, the single greater inflation fighter in our country. I always felt it was Costco, Costco’s consistent, but Walmart’s broader. . .I just think Walmart has become, under McMilllon, a great American retailer, and, international company too, but I just think that this is a company that I don’t feel daunted about when it comes to the multiple and I can’t believe I just said that. I think it can trade even higher, because I think that the multiple is going to go in tandem with the earnings per share. . .it’s quite a company.”

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