Four publicly traded companies in particular stand to get a bump in sales from the payout boost to many households, Cramer said. Those stocks are Levi Strauss, American Eagle Outfitters, Dick s Sporting Goods and mall-owner Simon Property. Arguably the most important part of the stimulus package actually only kicks in this week, he said on Mad Money. For the next six months, parents all over America will get a series of child tax credit checks, and I have to believe a decent chunk of that money flows to our favorite retail plays.
Below are key takeaways on each name:
Levi Strauss: This is a company that emerged from the pandemic stronger than ever. Even though they just reported a magnificent quarter, the stock barely budged, Cramer said, adding that shares are selling for just 19 times next year s earnings estimates. Ahead of the stimulus, I think you should buy it right here, right now before those checks start hitting bank accounts.
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