American People Are Shoping At Dollar General Corporation (DG), Says Jim Cramer

We recently published 11 Latest Stocks That Jim Cramer Just Talked About. Dollar General Corporation (NYSE:DG) is one of the stocks Jim Cramer recently discussed.

Dollar General Corporation (NYSE:DG)’s shares have gained 49% year-to-date, which is nearly in line with its peer and rival Dollar Tree. Some of these gains are due to the firm having insulated itself against the impact of tariffs on its business. Dollar General Corporation (NYSE:DG)’s stock has gained 5.5% over the past month due to catalysts such as an earnings report that saw it raise its annual midpoint earnings per share guidance to $6.05 from an earlier $5.50. Cramer discussed Dollar General Corporation (NYSE:DG) in the context of spending by budget-conscious Americans:

“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at . . .Dollar General. . .And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.

“Yeah look, Dollar General is, a company that for some reason people thought had lost its way. They don’t understand if you’ve ever gone to one, you know that it’s a place where a lot of people feel they get good bargains.”

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