Jim Cramer Discusses Big Potential Catalyst For Dollar Tree (DLTR)’s Shares

We recently published 8 Stocks Jim Cramer Discussed & Mentioned An Important Quantum Computing Development. Dollar Tree, Inc. (NASDAQ:DLTR) is one of the stocks Jim Cramer discussed.

The day marked nearly a month after Cramer had previously discussed discount retailer Dollar Tree, Inc. (NASDAQ:DLTR)’s shares. In this appearance, he commented on a Goldman Sachs note which had downgraded the shares to Sell from Buy, as it cited concerns about lower-income consumers and other discount retailers such as Ollie’s:

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“A rare downgrade to Sell by Goldman. Talking about lower income concerns. Basically saying that, lower income people aren’t even buying. . .now Dollar Tree is very inexpensive, but they have raised the prices. You know they have a lot of 3 to 5 stuff, 35 dollars. But they also rely, and this is really important, it’s an empirical analysis, it’s an outfit called 100x that I use. Mission based data. What they do is they ask for customer intent. Customer intent is not in favor of Dollar Tree right now. So,  I thought it was a compelling sell, to be honest. . .the Dollar Trees, these places, when you go to them, it’s no longer a dollar. In the candy aisle, yes, I mean you get the Smarties for a dollar. . .it’s not like the old days, and tariffs did them in.

“Well look, I just think that everybody’s got to recognize, Mr. President hold your ears, but, if Justice Roberts sides with the, let’s get rid of the tariffs, then there are companies, I could give you, I just mentioned Dollar Tree, Dollar Tree goes up 15% the moment that Chief Justice Roberts strikes it down, if he does.”

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