Jim Cramer Discusses These 13 Stocks & Says Calm Down Everyone

4. Dollar General Corporation (NYSE:DG)

Number of Hedge Fund Holders In Q4 2024: 53

Dollar General Corporation (NYSE:DG) is a discount retailer that has surprisingly struggled in an inflationary environment which would typically mean that its shares benefit. The stock is down by 50% over the past year as it is yet to recover from a massive 32% drop in August. Dollar General Corporation (NYSE:DG)’s shares sank as the firm cut its same-store sales growth forecast for 2024 to a 1.3% midpoint which was significantly down from an earlier 2.35%. Here’s what Cramer said about the firm:

“Flip that over, Dollar Gen, there’s really nothing really great and people decide well that’s a good one. But that’s because they’re finally closing some stores that are underperforming.”

“I’m always trying to figure out what’s better than feared versus what’s better. This morning Dollar General reported better than feared numbers. They’re still opening stores like mad. They’re going to close some underperformers. But the reason why I liked this one is because we all know that these stocks have been in a real slide. And a lot of them have been in a real slide because people say Walmart’s been taking it to them. I think this is, well wait a second, maybe that thesis is, is not as pertinent. Maybe wherever they have stores, where there’s no Walmart competition they’re doing a little better. At my Dollar General I go in, and there’s some real bargains and then there’s things that are so much more than a dollar. I get confused. But it’s where no other store is. So it’s, you know it’s kind of like it’s got the market to itself. They opened well, but they choose real estate well they do well. And I felt that they’re putting up willy, nilly. And I think they’re doing much more targeted. I like it.”