Jim Cramer Recommends Walmart

By Douglas A. McIntyre Published Feb 11, 9:15AM EST

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CNBC’s Jim Cramer considers Walmart Inc. (NYSE: WMT) to be an inflation fighter.
With the stock up 82% in the past year, it is no wonder Cramer likes it.

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Jim Cramer Recommends Walmart — © Andrei Stanescu / iStock Editorial via Getty Images

Recently, Jim Cramer reviewed the 10 stocks that are taking the Dow Jones industrial average higher. Among those was Walmart Inc. (NYSE: WMT | MCD Price Prediction), America’s largest retailer.

Cramer’s support for Walmart, according to CNBC, is because the retailer is an “inflation fighter” during a period when inflation is an economic threat again. The TV network reports that Cramer believes in the company because it sells “quality items at budget prices.”

Walmart’s slogan is “Save Money. Live Better.” The phrase comes from a speech founder Sam Walton gave in 1992 when he received the Presidential Medal of Freedom. It has been the key to the company’s success for decades.

Walmart’s discount strategy is among the reasons for its surge in revenue. In its most recent quarter, revenue rose 5% to $169.6 billion, compared to the same quarter a year ago. Its global e-commerce revenue increased 27%, while per-share earnings grew from $0.06 to $0.57. Management said that much of the improvement was due to services such as allowing customers to order online and pick up those orders at store locations.

According to Walmart, 90% of America’s population lives within 10 miles of one of its stores. The company had 276 stores in the United States in 1980. Today it has 4,599. To become the nation’s largest retailer, it had to pass giants Sears and J.C. Penney.

Walmart’s stock is up 82% in the past year. Based on a jump of 14% so far this year, it could be going higher. No wonder Cramer likes it.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.