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Jim Cramer looking to buy Walmart after retailer’s post-earnings dip

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CNBC’s Jim Cramer said Wednesday he’s looking to buy additional Walmart shares after the big-box retailer’s stock declined following its third-quarter earnings report.

Although Walmart beat Wall Street’s expectations on per-share earnings and quarterly revenue, the “Mad Money” host said institutional investors are likely focusing on the company’s declining margins, leading to weakness in the stock. The hit to gross profit rate stems from Walmart’s decision to absorb some cost increases instead of passing them on to consumers.

“But because of that anti-inflation mission, Walmart won’t earn as much money in the near-term as we thought, even as it might make more money long-haul if the new…



Source cnbc.com

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