Dollar General Corporation (DG)'s Goldman Sachs Downgrade Was "Brutal," Says Jim Cramer

Dollar General Corporation (NYSE:DG) is one of the Jim Cramer Says Oil Can Get Cheaper & Discusses These 12 Stocks .

Dollar General Corporation (NYSE:DG) is an American discount store retailer whose shares are up by 49% year-to-date primarily on the back of a 16% gain in June. The firm benefited from a strong Q1 earnings report which saw it beat analyst earnings estimates by 30 cents and revenue estimates by $130 million. Cramer’s previous comments about Dollar General Corporation (NYSE:DG) have pointed out that the firm imports a mere 4% of its goods from foreign manufacturers. This time around, he commented on Goldman Sachs downgrading the shares to Neutral from Buy:

“[On Goldman cutting Dollar General] That was brutal.”

Cramer recently Dollar General Corporation (NYSE:DG)’s consumer sentiment estimates:

“I had a, this outfit called HundredX on last night, it was a terrific Goldman guy who’s left Goldman to do this. Robert Pace. The indications of spend for the consumer, it’s going up. I mean, nothing is as it seems. I mean his work is just superb and it just says, right now the consumer is actually looking to spend more, maybe much more. That’s not what you get from Dollar Tree, Dollar General.”

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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