Jim Cramer on Levi Strauss: "Company's Become Very Reliable Despite Tariffs"

Levi Strauss & Co. (NYSE:LEVI) is one of the stocks in Jim Cramer’s game plan for this week. Cramer was optimistic about the company’s upcoming earnings, as he commented:

“After the close, Levi Strauss reports, and this company’s become very reliable despite tariffs. It hit a 52-week high today. That last quarter was extraordinary. I think another good one could be coming.”

Levi Strauss & Co. (NYSE:LEVI) designs, markets, and sells apparel and accessories for men, women, and children under brands such as Levi’s, Dockers, Signature by Levi Strauss & Co., Denizen, and Beyond Yoga. During the July 10 episode, Cramer discussed the company’s last earnings. He stated:

“Heaven knows there’s been a lot of hand-wringing about the state of consumer lately, but maybe we should be a tad less worried. After the close… Levi Strauss & Company, the denim kingpin, reported a phenomenal quarter with 9% organic sales growth, trouncing the estimates. The European business is on fire, direct to direct-to-consumer strong, margins expanded substantially. Put it all together, and the company delivered a 9-cent earnings beat off a 13-cent basis. Not bad. Even better, management raised their full-year forecast even with the impact of the tariffs. No wonder the stock went flying right when the earnings were released. Pretty impressive given that this thing was already up 62% from its April lows.”

While we acknowledge the potential of LEVI 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.

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