Jim Cramer on Walmart CEO: “Doug McMillon Made the Stores More Appealing While Keeping Prices Low”

Group 1 - Walmart Inc. has been recognized as a preferred choice for cash-strapped consumers, with its stock increasing over 23% last year due to its appeal and low prices [1] - Doug McMillon, the retiring CEO, has been credited with making Walmart stores more appealing while maintaining low prices, which attracted customers from the upper middle class [1] - The price-to-earnings ratio of Walmart has surged into the 40s, indicating a significant increase in valuation [1] Group 2 - Walmart has successfully navigated a challenging retail environment, with McMillon leading efforts to keep prices low amidst inflation, which has been described as a personal "one-man war" against inflation [2] - Despite the potential of Walmart as an investment, there are suggestions that certain AI stocks may offer greater upside potential and less downside risk [2]