Jim Cramer Discusses These 12 Stocks & Says Mag 7 Stocks Are A Thing Of The Past

6. DICK’S Sporting Goods, Inc. (NYSE:DKS)

Number of Hedge Fund Holders In Q4 2024: 45

DICK’S Sporting Goods, Inc. (NYSE:DKS) is an American sports goods retailer that sells products for fishing, golfing, fitness, and other activities. Over the year, the shares have gained 10% as the firm has battled constrained consumer spending amidst high inflation. Cramer’s previous comments about DICK’S Sporting Goods, Inc. (NYSE:DKS) have seen him remain upbeat about the firm ahead of its earnings. The shares fell by 7% after the firm’s latest earnings report. Here are Cramer’s thoughts:

“I think it’s hard because I actually thought Dick’s was okay. People didn’t like the, they didn’t like the guide.

“And I actually think Dick’s was better than people realized.

“. . .a lot of stocks that need to go down. Let’s talk about Dick’s. When I came in Dick’s was down ten points, DKS. The conference call was incredibly, very, very bullish. Lauren Hobart doing a terrific job. She’s non-promotional. I wanna point out again that the comparable store sales was 6.4%. That’s far better than people thought. Again, we’re in a difficult situation Carl. You look at headlines. And headlines are so often wrong these days that they happen so fast. And they just scrape. And they scraped incorrectly. And I think that Lauren, because she’s not promotional, was not able to get the story out in the headline. But Dick’s had a really good quarter. And you know if you look at the stack year-over-year, two years, it’s really extraordinary. So that stock has now rallied nine points from where it was. If that goes green then I think you asked me earlier about the consumer discretionary, that would be the one to watch. It’s gotta go green. It’s not enough yet. But that’s the one that can save consumer discretionary.

“You know look, it’s a great quarter. I mean okay so the outlook, I know the forecast is the forecast, I’m wise enough to know that. I didn’t fall off the turnip truck. But I do think that I could make a very good case. 362 vs 354. Sales got a little light, but again they are very conservative and they’re, the ticket, the price is up a lot.”