Walmart Fuels Monster Move: Cramer's 'Mad Money' Recap (Thursday 8/16/18) [TheStreet.com]
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Source: TheStreet.com
Walmart Fuels Monster Move: Cramer's 'Mad Money' Recap (Thursday 8/16/18) Today's big market rally may last a lot longer than the bears think, Jim Cramer told his Mad Money viewers Thursday. Forget about FANG, Cramer's acronym for Facebook ( FB ) , Amazon ( AMZN ) , Netflix ( NFLX ) and Alphabet ( GOOGL ) , formerly Google. Today, the market was in love with WANG. Cramer said that Walmart ( WMT ) (at least for the moment) replaced Facebook as a must-own stock, after the company reported earnings so strong, investors felt compelled to buy, sending shares up 9.3%. Walmart's strength came largely from its commerce operations, which rocketed 40%, surpassing all of its brick and mortar rivals. Could the company one day give Amazon ( AMZN ) a run for it's money? The market was also buoyed by the possibility of trade talks resuming with China. Cramer said even low level talks are better than no talks. But beyond Walmart and trade, Cramer said he was impressed with the br
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