Cramer Says He likes Kroger Right Here

The Kroger Co. (NYSE:KR) is one of the stocks Jim Cramer was focused on. A caller inquired if they should buy more of the stock, and Cramer said:

“I like Kroger right here. I like Kroger. I think the numbers have been better than expected traditionally. I can’t believe it has drifted down here. People are worried about food inflation. I totally get that. They’d rather own Walmart. I totally get that. I like Kroger. I do like Costco even more, but Kroger’s less expensive.”

The Kroger Co. (NYSE:KR) operates grocery, multi-department, marketplace, and warehouse stores. The company provides food, pharmaceuticals, fuel, and general merchandise. When a caller inquired about the stock during a June episode, Cramer responded:

“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, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, 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.