Jim Cramer Weighs In on Cisco, Walmart, President Trump and Elizabeth Warren

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Jim Cramer has 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 and Cisco's (CSCO) - Get Report earnings.

Walmart Earnings

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.

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."

Cisco Earnings

Cisco posted stronger-than-expected first-quarter earnings but said uncertain conditions would hit client orders in the months ahead.

Cisco said earnings for the three months ending in September, the group's fiscal first quarter, came in at 84 cents per share, up 12% from the same period last year and four cents ahead of the Street consensus forecast. Group revenues also surprised, rising 1% to $13.2 billion and topping analysts' estimates of a $13.08 billion tally.

However, Cisco provided current-quarter guidance that missed Wall Street forecasts, with an earnings estimate in the region of 75 cents to 77 cents per share on implied revenues of between $11.8 billion and $12.1 billion are orders declined in what CEO Chuck Robbins called "a challenging macro environment."

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