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Jim Cramer Says “Retail Was Pretty Awful Except for Walmart” [Yahoo! Finance]
Last walmart inc. earnings: 2/18 06:00 am
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US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
“Retail was pretty awful except for Walmart, which powered through everything as CEO Doug McMillon moved to keep prices low. His own one-man war against inflation. A war, I think, he may have won before he's retired.” marques-thomas-NCjnlWnvYA4-unsplash.jpg Walmart Inc. (NASDAQ:WMT) operates retail stores, warehouse clubs, and online platforms that sell groceries, everyday essentials, home goods, apparel, electronics, and more. Cramer highlighted the stock during the November 20 episode and stated: “This stock was already one of the best performers in the group, but its valuation got a little stretched, trading around 40 times earnings, and longtime CEO Doug McMillon plans to retire, pass the baton to the head of Walmart US in February. Turns out there was nothing to worry about at all. When Walmart reported this morning, it blew away the numbers… When you put it all together, it's no wonder the world's largest retailer saw its stock surge more than 6% today, although it was ac
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