We recently published Jim Cramer Discussed These 22 Stocks Including A Hidden Oil & Energy Play. Levi Strauss & Co. (NYSE:LEVI) is one of the stocks discussed by Jim Cramer.
Apparel firm Levi Strauss & Co. (NYSE:LEVI)’s shares are up by 13.8% over the past year and by 16.8% year-to-date. The stock has traded erratically over the past couple of days. On July 9th, the shares closed 2% lower. The day before, after markets closed, Levi Strauss & Co. (NYSE:LEVI) posted its second fiscal quarter earnings report. The results saw the firm post $1.56 billion in revenue and $0.28 in adjusted earnings per share to beat analyst estimates of $1.52 billion and $0.24. Additionally, Levi Strauss & Co. (NYSE:LEVI) also raised full year sales growth guidance to 7% and 7.5% from the earlier 5.5% and 6.5%. The guidance raise also beat analyst estimates. However, the share reacted rather strongly to the earnings – and not in a good way. Cramer couldn’t believe the reaction to Levi Strauss & Co. (NYSE:LEVI)’s earnings report:
“I think that’s a ridiculous reaction to a very good quarter. And they’re making money in athleisure, no one’s doing that except for them. Beyond Yoga was terrific. 51% DTC, the margins are fantastic. What she’s done with Women’s is great. This stock has a history of going down when they report, you buy it and then it goes higher. I think this is a terrific story.”
He held a similar opinion in a tweet:
“What was with that raid on LEVI… Good quarter”
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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