Jim Cramer Says Walmart Still Looks Good

WMT +1.29%

Walmart Inc. (NYSE:WMT) is one of the stocks Jim Cramer discussed, along with the need for diversification. Cramer seemed positive on the stock after its quarter, as he stated, “Walmart still looks good after that great quarter last week.”

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Walmart Inc. (NYSE:WMT) operates retail stores, warehouse clubs, and online platforms that sell groceries, everyday essentials, home goods, apparel, electronics, and more. During the November 20 episode, Cramer said that the company is among the “best in the business.” The Mad Money host commented:

“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 actually down at one point in the early morning, making it the best-performing in the S&P 500.

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