Jim Cramer on Tractor Supply: "I'm Going to Say You Want to Buy That One"

Tractor Supply Company (NASDAQ:TSCO) is one of the stocks Jim Cramer recently answered questions about. A caller asked if the stock is a buy, sell, or hold during the episode, and Cramer replied:

“Well, I talked about Tractor Supply this morning on Squawk on the Street. Now, I felt that it had a pretty good chance to be able to make a comeback here. I know it’s down a lot. I’m going to say you want to buy that one.”

Tractor Supply Company (NASDAQ:TSCO) is a rural lifestyle retailer that provides livestock and pet products, farm and garden equipment, tools, seasonal goods, and clothing. A caller asked for advice on the stock during the October 28 episode and Cramer responded:

“Alright, now, I’ve gotta tell you, here’s my feeling on Tractor Supply. Short term, I’m not a big fan of retail, but Hal Lawton runs that place, and he runs a tight ship. I think you gotta give it some time. It sells at 26 times earnings. I’d feel a little better if it was under the market multiple, maybe 22 times earnings. And… you know, I care about it. And… look, you read How to Make Money in Any Market, just read about the… chapter on multiples and know that I think that the multiple is too high. No reflection on Mr. Lawton, just a reflection that the stock’s a little bit up too much.”

While we acknowledge the potential of TSCO 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.