This week is almost over.
Let's get to what Jim Cramer's watching in the markets. He's got a close eye on Walmart (WMT) - Get Report , which is also Real Money's stock of the day, and he has some thoughts on President Trump and Senator Elizabeth Warren.
The company posted third-quarter earnings Thursday before the bell and boosted its full-year profit guidance as e-commerce and grocery sales at the world's biggest retailer continue to surge.
Walmart reported earnings of $1.16 per share, ahead of the forecast of $1.09 per share. Revenues rose 2.5% from last year to $127.991 billion but came in below estimates of $128.6 billion.
U.S. same-store sales rose 3.2%, Walmart said, topping forecasts and notching the fifth consecutive year of comparable-store gains. E-Commerce sales, the group said, rose 41%, well ahead of the 35% gain expected by analysts. Walmart also said fiscal 2020 earnings would likely increase "slightly" from the previous year, an upgrade from its prior forecast of either a modest gain or a modest decline.
Should investors ignore what market pundits are saying about the holiday season if Walmart is forecasting a strong end to this year? Catch what Cramer has to say live at 10 a.m. ET.
So, What's Going on With President Trump and Elizabeth Warren?
Cramer penned a Real Money column Thursday morning with a special focus on whether or not President Trump and Elizabeth Warren have something in common: their dislike of the elites.
"Who's toughest on the elites, Elizabeth Warren or Donald Trump? Look, I don't like talking politics, but if you want to know where the trade talks are going and how they could impact your portfolio, you need to know where this war against the elites is going, who's winning, and what it means for you," wrote Cramer. "We know that there's a burning controversy between Senator Warren and the super-wealthy, and I get that: As long as we don't start calling them oligarchs and calling for their heads, billionaires have been from the nation's inception, and are always going to be, fair game -- with certain flare-ups after panics and depressions and recessions causing divisions to boil over."
But at the end of the day -- is there one loser to top them all, China? Here's what Cramer has to say.
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