Jim Cramer Discussed These 9 Stocks Recently

3. Dollar Tree, Inc. (NASDAQ:DLTR)

Number of Hedge Fund Holders: 64

Mentioning Dollar Tree, Inc. (NASDAQ:DLTR), Cramer said:

“There’s also Dollar Tree, that’s the all-American dollar store. They reported very good numbers today, but mercifully dumped Family Dollar. Now that was an ailing business. It never should have been bought in the first place…. Now I know a very significant portion of Dollar Tree’s merchandise comes from China, but on their conference call, they said they’d be able to mitigate a lot of the cost. Now that is great news. No wonder, the stock’s rallied more than 3%.”

Dollar Tree (NASDAQ:DLTR) operates discount retail stores offering a broad range of products, including consumables, household items, seasonal goods, clothing, and electronics. Last Friday, Cramer somewhat extensively commented on the company as he said:

“Wall Street used to love the dollar stores because, unlike most retailers, they kept putting up stores and generating good growth. They went in neighborhoods, other retailers steered clear of, carrying what looked like inexpensive merchandise. Well, that changed during the pandemic. They raised their prices and raised them and raised them in order to pass on the value proposition and it’s never been the same, right? There is no value proposition. These days, the reduced sizes often give you the appearance of value, but people know when they’re getting had. That’s why I’d stay away from Dollar Tree. This thing does not represent the kind of value that we want or that I used to get when we used to go there all the time. By the way, even Walmart’s struggling. So when Dollar Tree reports Wednesday, I’m not thinking it’s gonna be great.”