Jim Cramer Highlights "Dollar Tree Reported a Really Terrific Quarter"

Dollar Tree, Inc. (NASDAQ:DLTR) is one of the stocks Jim Cramer commented on along with the recent macro rally. Cramer noted that the company reported a “terrific quarter,” and said:

“Second, there’s retail. In all my 40 years of following retail, I can’t recall a time when so many chains were doing so well that there is this much full-price merchandise for the holidays. Things just aren’t on sale. There’s no promotion. Every day, we get a new set of retailers doing amazingly well. Just today, Dollar Tree reported a really terrific quarter. Like Walmart’s starting to appeal to a higher-end demographic. Those who thought this chain would be hurt by food stamp cutbacks, they read the room totally wrong.”

Dollar Tree, Inc. (NASDAQ:DLTR) operates discount stores that provide products such as food, household items, personal care, toys, gifts, and seasonal merchandise. Cramer discussed the stock in light of tariffs during the October 10 episode, as he stated:

“There’s also, get this, a Dollar Tree meeting. Okay, now this stock has been under pressure too, largely because of tariffs. It was barely down today, which seems too positive given that our president’s threatening to put… these 100% tariffs on China. I think they will get hurt, and numbers have to come down, and they’ll do it at the meeting.”

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