Albertsons Companies, Inc. (ACI): Jim Cramer Says He Prefers Costco

We recently published Jim Cramer Discussed These 10 Stocks & AI-Led Job Growth. Albertsons Companies, Inc. (NYSE:ACI) is one of the stocks Jim Cramer recently discussed.

Albertsons Companies, Inc. (NYSE:ACI) is an American food and drug retailer. Its shares are up by 4.9% year-to-date after a sharp 6.8% fall in July. Albertsons Companies, Inc. (NYSE:ACI)’s shares fell after the firm’s latest earnings report saw it leave its annual profit outlook unchanged. The results, which saw the firm’s Q1 sales of $24.88 billion beat analyst estimates of $24.73 billion and its $0.55 in adjusted profit beat $0.53 of estimates, were insufficient to satiate investors who have become concerned about the retail industry. Cramer remarked that Costco is a good buy in the retail sector:

“I know you know people are cooling on this whole idea of, of anyone in that business. And I come back and I’m looking at Costco and I think Costco’s what you buy. But I’m a lonely voice in the wilderness right now.”

A fresh produce section in a modern grocery store.

Previously, the CNBC TV host commented that Albertsons Companies, Inc. (NYSE:ACI) could go higher:

“Once they got away from that merger, I think that people realized the value of the company. It’s still a low multiple stock. I happen to like Kroger more, but I’ve gotta tell you, this is a survivor, and I think that Albertsons’ going to keep going higher.”

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Disclosure: None. This article is originally published at Insider Monkey.