Walmart is being negatively impacted by the Fed's efforts to control inflation, according to Cramer.

• The Federal Reserve's effort to control inflation is a positive development for the long-term growth of the U.S. economy, according to Jim Cramer.
• He explained on Thursday that companies such as Walmart and Palo Alto Networks are now facing the consequences.
• Cramer stated that while the decline in inflation due to lower prices is positive news, it will negatively impact the profits of numerous companies.

CNBC's Jim Cramer stated on Thursday that while the Federal Reserve's efforts to control inflation are beneficial for the long-term U.S. economy, investors in companies such as are currently experiencing negative impacts.

The decline in stock prices of the U.S. retail behemoth, cybersecurity firm, and energy giant on Thursday can be attributed to the Fed's interest rate hikes, as explained by Cramer.

Saying goodbye to inflation brings sweet relief, but there's a momentary sorrow too," Cramer stated. "This sorrow is experienced by companies such as Walmart, Chevron, Palo Alto Networks, and many others who are victims of their own success.

On Thursday, Walmart's stock price dropped by 8% after the company released its quarterly earnings report. Although the company's top-and-bottom line results exceeded expectations, its same-store sales growth slowed down for the third consecutive quarter.

Cramer stated that Walmart's slowdown is due to deflation, which was not an issue during inflation. He explained that Walmart's sales were boosted during inflation by passing on higher costs to customers through price hikes. However, Cramer noted that Walmart is currently facing more cautious consumers who have been dealing with budget constraints due to inflation for over a year.

Palo Alto Networks' shares dropped 5.4% on Thursday after its earnings report fell short of expectations. The main reason for this was Palo Alto lowering its full-year billings outlook, which management attributed to customers needing to sign shorter contracts due to higher borrowing costs. The increase in borrowing costs, according to Cramer, was caused by the Fed's rate hikes, which have made money more expensive.

The CNBC Investing Club uses the portfolio of Cramer's Charitable Trust, which includes Palo Alto shares.

On the other hand, Chevron's stock fell 2.6% on Thursday, coinciding with a sharp decline in oil prices. This marks a continuation of a multiweek trend for the commodity, fueled by concerns about demand. Although Chevron and its energy peers profited from higher oil prices last year, Cramer stated that the falling oil prices are a direct result of a slowing economy. Notably, the Fed desires to see this slowdown in the economy, he added.

Lower prices may break the inflationary spiral, but it will negatively impact the profits of many companies. While this may seem like good news for consumers, it will require sorting out and may not necessarily lead to long-term stock market gains.

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