I Get Very Excited About Walmart (WMT) When I Hear About Tariffs Not Being Bad, Says Jim Cramer

WMT -1.67%

We recently published 10 Stocks Jim Cramer Talked About. Walmart Inc. (NYSE:WMT) is one of the stocks Jim Cramer discussed.

Walmart Inc. (NYSE:WMT) factored into the discussion due to two reasons: its earnings report and the decision to transfer its listing to the NASDAQ stock exchange. Cramer had plenty to say about both developments. Walmart Inc. (NYSE:WMT)'s fiscal third-quarter earnings report saw the firm post $179.5 billion in revenue and $0.62 in adjusted earnings per share to beat analyst estimates. The firm also raised its full-year sales growth guidance to 4.8% and 5.1% from an earlier 3.75% to 4.75%. Previously in the week, the CNBC TV host had spent quite some time discussing Walmart Inc. (NYSE:WMT)'s major announcement that its CEO Doug McMillon would leave the role and hand over the baton to John Furner. He discussed the firm's turnaround under McMillon and added that he wanted to meet the new Walmart Inc. (NYSE:WMT) CEO to form a conclusive opinion about him. In this appearance, Cramer kept the faith with the firm and shared key insights about its NASDAQ transfer:

"Right but at the same time we know that they overestimated how badly the tariffs would hit them. And that was very bullish. And I also think that it makes me think, what happened with Target yesterday? Exact opposite. Target's falling behind Walmart and it's becoming a bigger gulf.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.