Jim Cramer on Chewy: “Too Hard to Own”

Chewy, Inc. (NYSE:CHWY) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Starting the lightning round, a caller inquired about the stock, and Cramer replied:

It’s down so much, but I gotta tell you, every time I say it goes down too much and then it bounces, it goes right back down. I think we have to say Chewy, too hard to own.

Photo by Joel Moysuh on Unsplash

Chewy, Inc. (NYSE:CHWY) runs an online marketplace for pet food, supplies, medications, and health products, along with a range of pet services. Cramer mentioned the stock during the June 5 episode and commented:

Are people skimping on their pets? That’s supposed to never happen, right? I mean, I know when I interviewed Kevin Hassett, he’s the director of the National Economic Council, Hassett was, I think, he was really excited that everyone’s doing so well in the country. That’s great… Although I took issue with the idea that it was everyone. But when I talk to the retailers, they sound much more bleak, including Petco… Petco missed the quarter pretty badly. Maybe Chewy misses when it reports. That stock is so cheap. I don’t know.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.