After Dollar General's (DG) revenue miss and the decline of its stock price, TheStreet's Jim Cramer says he's keeping an eye on Dollar Tree (DLTR) earnings next week. Dollar Tree is set to release second quarter fiscal 2015 results on Tuesday September 1 before the market open. Cramer says Dollar Tree is important for two reasons: because it's merging with Family Dollar (FDO) and second, because Dollar General saw a 'rare miss' this week and its stock keeps getting punished. Cramer goes on to say, 'I think that Dollar Tree is a better option than Dollar General and I think that the merger is brilliant.' So what investors might want to do he says, is 'if Monday turns out to be a negative session, maybe put some on Dollar Tree because I think they're going to do better than Dollar General.' Analysts polled by Reuters are expecting the company to post earnings of $0.62 a share on revenue of $3.04 billion.
More from Video
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.