Jim Cramer says WMT stock is worth buying right here, right now into weakness after the shares fell about 18% from their high. He made the case on Mad Money, calling the decline overdone and arguing Walmart Inc. still belongs in front of shoppers looking for value.
Jim Cramer on WMT Stock
Cramer said, "I think you're getting an incredible buying opportunity here because the stock's been getting pummeled right as Walmart's biggest worries have started to fade away, specifically concerns about expensive oil and the state of the consumer… This is not some blown-up semiconductor stock; it's one of the greatest companies on earth… I think Wall Street's jumping to the wrong darn conclusion. Wall Street doesn't shop at Walmart. It doesn't know what's happening. It doesn't know while consumers are struggling a bit, Walmart's going to be an ideal destination for shoppers all the way up to the $100,000 category, okay? It's a trade-down play that people who are wealthier have discovered has a lot of incredible value…"
He added that Walmart stock had not gotten an ounce of credit. That is the core of his argument: the market has marked the shares down hard, but the reaction has moved faster than the underlying worries he says are easing.
Walmart Inc. And The Quarter
Cramer also said Walmart's latest quarter was not perfect. He did not treat that as enough to explain the full move, saying the stock's subsequent 18% decline was not justified by the results.
That split matters for investors trying to separate a normal earnings miss from a reset in the business story. His view is that the quarter left room for disappointment, but not for a selloff this deep.
Oil, Consumers, And Reprieve
The other part of his case rests on the pressure points he said were fading away: expensive oil and consumer caution. He said Walmart stock should get a reprieve now that oil is back down to reasonable levels.
He also framed Walmart as a trade-down name that wealthier shoppers have discovered has a lot of incredible value, with demand stretching all the way up to the $100,000 category. For investors who missed the prior rally over the past couple of years, the practical read is straightforward: Cramer sees weakness as the entry point, not the warning sign.
The stock has already absorbed the punishment. What he is asking Wall Street to reconsider is whether the latest quarter really changed the case enough to justify an 18% slide, or whether the market has simply looked past a business that still draws value-focused shoppers at a wide range of income levels.
