Opened a Short Position 🧸
Jim Cramer Said Buy 😵💫
Remember how Walmart is “recession proof” stock? Or so they say. Every time someone asked me if I thought Walmart was a buy, I replied “the sector participants took a major hit…personally I would avoid.” Dollar General has been trending down since October 2022, and took a massive -30% loss in August 2024. Target, surprisingly, has also been trending down since November 2021, also plummeting at their last earnings call more than -20%. Clearly, this sector is being ditched. Because of those stock failures, Walmart has always been a cautious approach or a flat out no. On 04 March, the sector leader finally snapped and is currently down over -10% from its prior highs. Now this stock, has the same attributes in its own sector.