American People Are Shoping At Ross Stores, Inc. (ROST), Says Jim Cramer

We recently published 11 Latest Stocks That Jim Cramer Just Talked About. Ross Stores, Inc. (NASDAQ:ROST) is one of the stocks Jim Cramer recently discussed.

Ross Stores, Inc. (NASDAQ:ROST) is an off-price retailer whose shares have lost 2.6% year-to-date. The poor performance makes the stock stand out against its peers that have performed well by posting strong double-digit gains. Ross Stores, Inc. (NASDAQ:ROST)’s stock has struggled, is due to tariffs. One major dip came in May after the shares fell by 9.8% when the firm withdrew its 2025 forecast and said tariffs could affect its profitability. However, Cramer shared that budget-conscious Americans were spending at the firm:

“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 Ollie’s, and at . . . Roth Stores. 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.”

-Previously, Cramer advised viewers to sell Ross Stores, Inc. (NASDAQ:ROST) and buy TJX:

“Yes, I do. I have. My opinion is sell Ross Stores and buy TJX. That’s my opinion. And you know why that I have that opinion? Because I’m right.”

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