Jim Cramer Talked About These 17 Stocks After The Fed’s Rate Cut

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

Number of Hedge Fund Holders In Q3 2024: 40

Dollar Tree, Inc. (NASDAQ:DLTR) is a discount store operator that hasn’t thrived in 2024. While it might seem counterintuitive, the underperformance stems from prolonged inflation and slowdowns in consumer spending, which have led to a rise in alternatives to the firm. The competition Dollar Tree, Inc. (NASDAQ:DLTR) is facing comes from mega-retailers like Walmart and others like Temu, all of who have started to stock up with low-priced products. The lower volumes have forced the firm to cut down guidance, as was the case in September when the stock sank by 22% after it cut midpoint guidance to $5.40 from $6.75. Cramer isn’t a fan of Dollar Tree, Inc. (NASDAQ:DLTR) either:

“Dollar Tree. I switched. I don’t know if anyone follows me on X. I switched to Dollar General.”

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