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Walmart can’t repeat blowout quarter without new stimulus

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CNBC’s Jim Cramer said Tuesday that Walmart is a “remarkable juggernaut” but it won’t be able to keep up the blistering growth that it saw in the second quarter without more help from D.C. lawmakers.

“I think the company needs to be a little cautious because unless there’s another deal from Washington they won’t be able to maintain that pace,” Cramer said on “Squawk Box.”

Addressing the reversal of Walmart’s initial 6% pop in the premarket following its blockbuster earnings report, Cramer said investors should not be discouraged. “That doesn’t mean that it’s not a buy. But it does mean that they are staying, ‘Whoa, this isn’t going to keep happening,”

“We’ve seen this many times,” the “Mad…



Source cnbc.com

Walmart (WMT) Q2 2021 earnings beat estimates

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