Why Tariffs Shouldn't Worry Walmart Investors
Walmart is Real Money's Stock of the Day after the company announced earnings before the market opened.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS investing club broke down what he liked about the report and his thoughts on Walmart.
"I think really what they need to do is they just need to keep following their playbook and you know, they're doing things right.
E-commerce has been huge for them.
You know, they have a lot of new initiatives coming up.
We have the free next day shipping, which is, in my opinion, pretty revolutionary.
A lot of the buy online pick up in store grocery.
So as long as they keep playing by their playbook, I see no reason why that, that momentum that we're seeing on comp, same-store sales can continue," said Marks.
"And then, you know, tariffs are going to be another thing people are going to watch on with Walmart.
But please, I mean if you look at the commentary is putting out there today, there's still going to be the low-cost provider out there.
Everyday low prices when you shop at a Walmart store.
So I think the market is really kind of is being receptive to that today that maybe the consumer isn't gonna be as hurt as much as everyone is anticipating." Related.
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