Jim Cramer weighed in Wednesday on Walmart's stock rally, calling it a major signal for the markets amid rising U.S.–China trade tensions.
"Walmart is up. This is incredibly bullish as they are a HUGE importer from China," Cramer wrote on X. "(Although they are continuing to broaden from China)."
Walmart shares, which had been down nearly 9% since President Trump's tariff announcement on April 2, bounced back in a big way this week — closing up 9.6% on Wednesday after recouping most of the recent losses.
A roughly 4% bump came immediately after Trump announced a 90-day tariff pause for U.S. allies, though China is still subject to elevated tariffs of up to 125%.
Cramer, who's followed Walmart for decades, sees the rally as a vote of confidence from investors — and a reflection of how Walmart's pricing strategy continues to resonate.
In comments to investors at Walmart's two-day meeting in Dallas, CEO Doug McMillon struck a similarly confident tone.
"We've learned how to manage through turbulent periods," McMillon was quoted as saying by Reuters . "And while we don't know everything that is going to happen ... We do know what our priorities are, and we know what our purpose is, and we'll be focused on keeping prices as low as we can."
McMillon added that the retailer hadn't canceled any orders from overseas and remained committed to inventory planning, with over two-thirds of sales sourced domestically. "There will be a Christmas, and people will celebrate Christmas," he said.
The company reaffirmed its first-quarter sales outlook but acknowledged greater uncertainty around operating income. CFO John David Rainey added, "Operating income has become harder to predict."
Walmart's rebound also comes against the backdrop of heightened consumer anxiety and volatile shopping behavior, which began in February and carried into March and April, per executives.
While Cramer has recently been less vocal about crypto, he's previously called Bitcoin "nothing" and a "false god," only to revise his stance during bull cycles. But for now, it's Walmart — not BTC — getting his bullish call.
At the time of writing, Walmart is up Thursday, rebounding 9.6% in a strong move.
