American People Are Shoping At Five Below, Inc. (FIVE), Says Jim Cramer

We recently published 11 Latest Stocks That Jim Cramer Just Talked About. Five Below, Inc. (NASDAQ:FIVE) is one of the stocks Jim Cramer recently discussed.

Five Below, Inc. (NASDAQ:FIVE) sells different kinds of products such as fitness equipment, toys, and apparel. Its shares have gained 47% year-to-date as discount shops have experienced tailwinds due to increased spending by budget-conscious customers. Five Below, Inc. (NASDAQ:FIVE)’s shares jumped by 3.9% in August after its latest earnings report saw it raise its adjusted earnings per share forecast to $4.76 and $5.16 from an earlier $4.25 to $4.72. Cramer discussed the high spending at Five Below, Inc. (NASDAQ:FIVE) and how it describes the US economy:

“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at . . .Five Below. . .And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.”

Copyright: TEA / 123RF Stock Photo

Here are Cramer’s previous comments about Five Below, Inc. (NASDAQ:FIVE):

“By the way, Five Below had a great number.

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