Dollar General Corporation (DG)'s Goldman Sachs Downgrade Was 'Brutal,' Says Jim Cramer
Dollar General Corporation (NYSE:DG) is one of the .
Dollar General Corporation (NYSE:DG) is an American discount store retailer whose shares are up by 49% year-to-date primarily on the back of a 16% gain in June. The firm benefited from a strong Q1 earnings report which saw it beat analyst earnings estimates by 30 cents and revenue estimates by $130 million. Cramer's previous comments about Dollar General Corporation (NYSE:DG) have pointed out that the firm imports a mere 4% of its goods from foreign manufacturers. This time around, he commented on Goldman Sachs downgrading the shares to Neutral from Buy:
'[On Goldman cutting Dollar General] That was brutal.'
A busy shopping aisle filled with discounted items in a retail store.
Cramer recently Dollar General Corporation (NYSE:DG)'s consumer sentiment estimates:
'I had a, this outfit called HundredX on last night, it was a terrific Goldman guy who's left Goldman to do this. Robert Pace. The indications of spend for the consumer, it's going up. I mean, nothing is as it seems. I mean his work is just superb and it just says, right now the consumer is actually looking to spend more, maybe much more. That's not what you get from Dollar Tree, Dollar General.'
While we acknowledge the potential of DG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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