Jim Cramer on Casey’s: “One of My Absolute Favorite Companies”

Casey’s General Stores, Inc. (NASDAQ:CASY) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. Cramer was bullish on the stock due to the upcoming analyst day, as he remarked:

One of my absolute favorite companies, as you may know if you watch the show closely enough, is Casey’s General Store. It’s got an analyst day on Wednesday, and most of these meetings really don’t move stocks. I think this one actually could because people still don’t know the Casey’s story, the small city model. I bet they have some of those delicious breakfast pizzas, too.

Casey’s General Stores, Inc. (NASDAQ:CASY) operates a chain of convenience stores that offer freshly prepared foods such as pizza, donuts, and sandwiches, along with motor fuel, tobacco products, beverages, and other household and automotive essentials. A caller inquired about the stock during the June 16 episode, and Cramer replied:

Yeah, you know, we really, really like Casey’s, and sometimes, I see stocks like this and that dip was made to be bought… Let’s do this. I think you buy 25 shares. Let’s say you want to have 50 shares, maybe you buy 10 here and then let it come down because it is an $865 stock. And remember, when you have a stock at $865, divide it by 10. Think of it as an $86 stock and try to get some more when it hits $80.

While we acknowledge the potential of CASY 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.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years

Disclosure: None. Follow Insider Monkey on Google News.