{"id":20842,"date":"2023-09-20T15:18:04","date_gmt":"2023-09-20T15:18:04","guid":{"rendered":"https:\/\/microloannexus.com\/news\/dollar-general-is-in-a-really-bad-situation-and-investors-should-stay-away-jim-cramer-says\/"},"modified":"2023-09-20T15:18:06","modified_gmt":"2023-09-20T15:18:06","slug":"dollar-general-is-in-a-really-bad-situation-and-investors-should-stay-away-jim-cramer-says","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=20842","title":{"rendered":"Dollar General is in a &#8216;really bad situation,&#8217; and investors should stay away, Jim Cramer says"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"group\">\n<p>The circumstances around JPMorgan&#8217;s downgrade of <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Dollar General<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> (DG) appear &#8220;highly unusual,&#8221; CNBC&#8217;s Jim Cramer said Wednesday, suggesting investors should heed the firm&#8217;s call and stay clear of the retailer&#8217;s stock.<\/p>\n<p>JPMorgan on Wednesday lowered its rating on Dollar General to the equivalent of a sell, from hold, and cut its price target to $116 per share, from $132. The downgrade from veteran retail analyst Matthew Boss followed a meeting with Dollar General&#8217;s CFO that painted a challenging financial picture of the company&#8217;s core low-end consumer.\u00a0<\/p>\n<p>&#8220;They had a fireside chat. They went from hold to sell. Highly unusual,&#8221; Cramer said on &#8220;Squawk on the Street.&#8221; He added later, &#8220;I would not own this.&#8221;\u00a0<\/p>\n<div class=\"ArticleBody-blockquote\">\n<p><em>If you like this story, sign up for Jim Cramer&#8217;s Top 10 Morning Thoughts on the Market <\/em><em>email newsletter for free<\/em><em>.<\/em><\/p>\n<\/div>\n<p>Cramer said Dollar General&#8217;s customer base &#8220;is just really, really hurting,&#8221; due in large part from the effects of long-lasting inflation. And now, Dollar General management expects the resumption of student-loan repayments and higher fuel prices to further strain consumer savings, JPMorgan noted.<\/p>\n<p>Shares of Dollar General fell nearly 2% Wednesday, to under $113 each, extending their year-to-date declines to more than 53%.<\/p>\n<p>\u00a0&#8220;This is a really bad situation,&#8221; Cramer said.<\/p>\n<p>Within the retail sector, Cramer&#8217;s Charitable Trust, the portfolio used by the CNBC Investing, owns the likes of <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-5\">TJX Companies<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> (TJX) and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-6\">Costco Wholesale<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> (COST). It also owns a small position in <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-7\">Foot Locker<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> (FL) as a potential turnaround play. \u00a0<\/p>\n<div class=\"ArticleBody-blockquote\">\n<p><em>Here&#8217;s a full list of the stocks in <\/em><em>Jim&#8217;s Charitable Trus<\/em><em>t, the portfolio used by the CNBC Investing Club.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/09\/20\/this-retailer-is-in-a-really-bad-situation-and-investors-should-stay-away-jim-cramer-says.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The circumstances around JPMorgan&#8217;s downgrade of Dollar General (DG) appear &#8220;highly unusual,&#8221; CNBC&#8217;s Jim Cramer said Wednesday, suggesting investors should heed the firm&#8217;s call and stay clear of the retailer&#8217;s stock. JPMorgan on Wednesday lowered its rating on Dollar General to the equivalent of a sell, from hold, and cut its price target to $116<\/p>\n","protected":false},"author":1,"featured_media":20843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-20842","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dollar General is in a &#039;really bad situation,&#039; and investors should stay away, Jim Cramer says | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"The circumstances around JPMorgan&#039;s downgrade of Dollar General (DG) appear &quot;highly unusual,&quot; CNBC&#039;s Jim Cramer said Wednesday, suggesting investors\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=20842\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar General is in a &#039;really bad situation,&#039; 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