Dollar General Is in a ‘Really Bad Situation,’ and Investors Should Stay Away, Jim Cramer Says
September 22, 2023
Jim Cramer, a prominent financial commentator, has advised investors to steer clear of Dollar General stock following JPMorgan’s unusual downgrade of the retailer from hold to sell. This downgrade, which was prompted by a meeting with Dollar General’s CFO, highlighted financial challenges for the company’s core low-end consumer base. Cramer pointed out that Dollar General’s customer base is particularly struggling due to the prolonged effects of inflation, and the anticipation of resumed student-loan repayments and higher fuel prices is expected to further strain consumer savings.
Recent News
Ground Beef Sold at Walmart Recalled for E. Coli Contamination
The beef, sold at Walmart and other retailers, is from Cargill Meat Solutions.
Carvana Shares Rise 30% as Pre-Owned Car Seller Reveals Record First Quarter
Shares for Carvana shot up by over 30% after it reported record results and made a profit in the first quarter.
Peloton, Hyatt Team Up To Offer Bikes, Loyalty Points at 800 Hotels
Peloton and Hyatt’s new partnership is an attempt to revitalize the cratering brand.
Uber and Lyft Strikes in Metro Atlanta
Uber and Lyft rideshare and delivery drivers in the sprawling metro Atlanta area came together in solidarity with their counterparts nationwide for a significant cause on May 1.