Walmart is scaling back its diversity, equity, and inclusion (DEI) initiatives, including removing some LGBTQ merchandise from its website and winding down its Center for Racial Equity. The company will no longer allow third-party sellers to offer certain LGBTQ-themed items and has ceased sharing data with LGBTQ advocacy groups. These changes come amid pressure from conservative activists and follow the U.S. Supreme Court's decision to strike down affirmative action programs.
Jim Cramer highlighted key earnings reports next week from Nvidia, TJX, and Walmart, advising caution amid market uncertainties. He suggested a small position in Vertiv and recommended waiting for pullbacks before investing in Walmart and Target, while expressing optimism for Medtronic and Viking Holdings. Cramer also noted potential sell-offs for Nvidia and Palo Alto Networks post-earnings, and indicated interest in Gap and Intuit, pending market conditions.
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