Simon Property Group, Inc. (NYSE:SPG) is one of the latest stocks on Jim Cramer’s radar. Cramer called the stock a bargain, as he stated:

“Now, on the conference call, management kept their prepared remarks brief, seemingly happy to let the excellent numbers speak for themselves. I like that when people do that… With the excellent overall numbers, these isolated pockets of softness didn’t seem to be all that alarming to anyone… So here’s where I come down on this one: sure, there’s a lot of concern about the consumer-facing parts of the economy right now. I talk about them every night.

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

Simon Property Group, Inc. (NYSE:SPG) is a real estate investment trust that owns, develops, and manages shopping, dining, entertainment, and mixed-use destinations, including malls and outlets.

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