Jim Cramer’s 5 Stock Calls, Including Exxon, Lockheed and Upcoming CPI Data

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1. Levi Strauss & Co. (NYSE:LEVI)

Levi Strauss & Co. (NYSE:LEVI) is among Jim Cramer’s latest stock calls as he covered Exxon, Lockheed, and others. Cramer noted that the stock is not moving even though the company “keeps delivering.” He said:

Some companies, they really struggle for respect. I think that’s the case with Levi’s, which keeps delivering, yet the stock stays at around 19 bucks as if they’re doing nothing right, which couldn’t be further from the truth. The company reports next Tuesday after the close, and I think that once again, CEO Michelle Gass will put up more than respectable earnings. I just wonder if it’ll matter. 3% yield, good growth. I don’t understand why someone doesn’t just create an apparel colossus around it.

Levi Strauss & Co. (NYSE:LEVI) offers apparel and footwear for all ages under brands like Levi’s, Denizen, and Beyond Yoga. Cramer discussed the company’s previous earnings during the January 28 episode, as he remarked:

After the close, we got the latest numbers from Levi Strauss, the iconic denim maker. They delivered a modest top and bottom line beat. However, the full-year earnings forecast was a little light, even as the revenue forecast was solid… This is a company that’s had a lot of success broadening out its selection of merchandise beyond just jeans. But Levi’s also suffered from President Trump’s trade war. The last time they reported three months ago, the stock had soared going into the quarter. Sold off hard. It’s been struggling to find its footing ever since, as has almost every single apparel company.

While we acknowledge the potential of LEVI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LEVI and that has 100x upside potential, check out our report about the cheapest AI stock.

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