Jim Cramer Says The Kroger Co. (KR)'s Recession-Resistance Helped The Stock

We recently published Jim Cramer Analyzed These 10 Stocks & Discussed Inflation. The Kroger Co. (NYSE:KR) is one of the stocks Jim Cramer recently discussed.

The Kroger Co. (NYSE:KR)’s shares closed 1% higher the day this program was aired. The small magnitude of the move meant that broader market undercurrents, instead of firm-specific catalysts, had driven the shares. During the day, investors battled with concerns about economic uncertainty and the future of President Trump’s tariffs. The worries drove treasury yields higher, and they also meant that stable stocks like The Kroger Co. (NYSE:KR) ended up benefiting. Cramer discussed the trends:

“So I don’t have anything that I really, like I said you know let’s watch Zscaler, but, what’s going up is the stuff that says we’re going to have a recession. Not that we’re going to have a Carter-like recession, because what’s going up are the companies that seem to be able to make it so that they can, mitigate prices. So you have like. . .a Kroger up.”

Here are the CNBC TV host’s previous comments about The Kroger Co. (NYSE:KR):

“Alright, I’ll tell you Kroger stock is rolling over… That’s the problem. It’s just rolling over, and when I see a stock rolling over at 13 times earnings, I say to myself, okay, let it come down. Buy a little, buy a little, and then wait for the next level. Do not buy all at once. It could be a bad sign that this stock is having such a hard time at this particular moment, and it sure is. 73 down to 64. How about [we] wait till it goes to 60? Then we see whether the chart’s a little better right there.”

While we acknowledge the potential of KR as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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