How's the Market Looking?
Cramer thinks it might be time for investors looking to buy to "think like the sellers."
"I am stuck with what the sellers give us. So are you," he wrote. "And the question is what will the sellers be willing to lose to get out, betting that tomorrow will be worse than today and the day after that and the day after that."
Walmart said earnings came in at $4.14 billion, or $1.45 a share vs. earnings of $3.69 billion, or $1.27 a share, in the comparable year-earlier quarter. However, on an adjusted basis, the company earned $1.38 a share, less than the $1.44 a share expected by analysts polled by FactSet.
“In the few weeks before Christmas, we experienced some softness in a few general merchandise categories in our U.S. stores," Chief Financial Officer Brett Biggs said in a statement, noting the company also experienced softness in some key international markets, as well as in Chile, "... where unrest led to disruption in the majority of our stores."
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