The Disconnect: Wall Street vs. Main Street
“If you were worried that Walmart was about to suffer from an oil-induced slowdown in consumer spending, that whole story, it has gone out the window,” Cramer emphasized. With the national average for gas dropping from $4.56 to $3.79 in a matter of weeks, the dreaded “nightmare” economic environment simply hasn’t materialized.
An ‘Incredible Buying’ Opportunity
Cramer considers the current pullback a massive gift for investors who missed the stock’s previous run. He believes the negative sentiment has “gotten ahead of itself” and the stock is long due for a major “reprieve now that oil’s back down to reasonable levels.”
“I think you’re getting an incredible buying opportunity here because the stock’s been getting pummeled right as Walmart’s biggest worries have started to fade away,” he explained. As wealthy and struggling consumers alike seek value in a shifting economy, Walmart remains an “ideal destination for shoppers.”
