We recently published a list of Jim Cramer Raises Big Question About Tariffs & Discusses These 11 Stocks. In this article, we are going to take a look at where Walmart Inc. (NYSE:WMT) stands against other stocks that Jim Cramer discusses.

In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer asked the question that’s on everyone’s mind now that President Trump has lifted the veil off of his promised tariffs. Cramer wondered how the tariffs would be implemented:

“Have you figured out how to take the tariff, if you’re moving goods from Mexico to here? What are you going to do? We just are putting away the money so that we’re ready, we’re just sitting there. We moved the trucks as best as we could. This is my wife’s mescal. . . .we don’t know how to give it to someone. We’re ready to give it to someone. But who?”

He went on and added:

“There is no clarity. I wish that there was because then we could move on with our lives. Maybe there is an External Revenue Service. Has it been set up? Has Musk set it up?”

In response, Cramer’s co-host David Faber speculated that perhaps the money collected from tariffs would go into the US Sovereign Wealth Fund and perhaps even TikTok could become a part of the fund as well. On this, Cramer shared:

“Don’t you wish we were joking? Don’t you wish? I mean I got a truck of mescal, and it’s gonna be five thousand dollars more than it was. And I’m thinking, okay, so, what if we sneak it in. No, you can’t do that, that’s against the law. Okay, so we’ll just keep it on the Mexican side of the border and maybe send it to the American side and we keep writing checks. . . “

However, while he might be uncertain about the tariffs, Cramer still doesn’t believe that a recession is possible. When his co-host Carl Quintanilla mentioned a Goldman report of recession odds increasing to 35%, Cramer replied:

 “I don’t see it happening. I also rebel against the term stagflation. Because the only real time we’ve had genuine stagflation was under Carter. We have not, it’s been a not great bet, now maybe this time it’s a great bet. But you know, I’m rather using, I want to look at the 22 analogue, which was self-inflicted. And the 18′ analogue which was self-inflicted. But self-inflicted by Fed. This is self-inflicted by a President. Who doesn’t seem to, uh, be as focused on the downside. . not focused on the downside.”

As for President Trump and the stock market, Cramer wondered if Trump was just focused on the Dow instead of other markets. According to him:

“I would come back and say the one thing, the anomaly here, is the Dow Jones Industrial Average has held up incredibly well. And the President looks at the Dow. And if you look at the Dow Jones average, you know David, what is there to, they just are charmed. There’s a lot good in the Dow. And the President, if he’s looking at the Dow, I think he might say . . .why are they complaining?”

Our Methodology

To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on March 31st.

For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

A manager standing in a hypermarket, pointing out items available for wholesale.

Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders In Q4 2024: 116

Walmart Inc. (NYSE:WMT) is the largest brick-and-mortar retailer in the world. Its shares have gained 49% over the past year as the firm has successfully leveraged its scale to attract budget-conscious buyers to its doors in an inflationary era. Year-to-date though, Walmart Inc. (NYSE:WMT)’s shares are down by 1%. In his previous remarks about the firm, Cramer has wondered whether Walmart Inc. (NYSE:WMT)’s upcoming earnings results will impress investors. Here are his latest thoughts:

“[On MS commenting that lower income buying rates at Walmart, Dollar General going down] They are are going down. I am concerned about Walmart’s quarter. But the stock has reflected some decline.”

Overall, WMT ranks 4th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of WMT, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than WMT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.