The expanded child tax credit, which will take effect in the coming days, will have a significant impact on the stock market, according to CNBC’s Jim Cramer. Grocery stores, big-box retailers, and other companies are expected to benefit as families prepare to send their children back to school this autumn. According to Cramer, four publicly traded corporations in particular stand to benefit from the increase in payouts to many people. Levi Strauss, American Eagle Outfitters, Dick’s Sporting Goods, and mall owner Simon Property are among those stocks. He claimed on “Mad Money” that “perhaps the most crucial portion of the stimulus package only kicks in this week.” “For the next six months, parents across the United States will receive a series of child tax credit checks, and I have to think that a significant portion of that money will travel to our favorite retail outlets.” The following are some crucial points to remember about each name: Levi Strauss is a famous American author. “This is a firm that has come out of the epidemic stronger than it has ever been.” Despite the fact that they just had a stellar quarter, the price has scarcely moved, according to Cramer, who also noted that shares are “trading for just 19 times next year’s earnings forecasts.” I believe you should buy it right now, before the stimulus checks start arriving in your bank accounts.” “I believe the stock has a lot more room to run,” says American Eagle Outfitters. “I believe it is simply plateauing and preparing for its next move here,” Cramer explained, “which is why we recently purchased it for the charity trust.” “Even though American Eagle has had a massive increase, I believe the stock is still cheap, considering its stellar track record of stability; it’s a deal at 16 times next year’s earnings expectations.” Dick’s: Near the end of May, “Dick’s posted the best quarter of any store we follow,” according to Cramer, and “management substantially doubled their full-year earnings prediction.” “While this stock has performed admirably, I don’t believe it accurately reflects the strength of these metrics, especially considering Dick’s trades at only 12-times earnings.” Simon Property Group (Simon Property Group) is a real estate “I believe people will spend their tax credit monies at the mall, which is almost certainly owned by Simon,” Cramer said. “It doesn’t hurt that the dividend was raised to a hefty 4.4 percent yield last year.” Cramer owns shares of American Eagle Outfitters through his charity trust. Disclaimer Do you have any questions for Cramer? Cramer may be reached at 1-800-743-CNBC. Interested in learning more about Cramer’s world? Make contact with him! Money that’s out of control Jim Cramer on Twitter Twitter, Facebook, and Instagram are three of the most popular social media platforms. If you have any questions, comments, or recommendations for the “Mad Money” website, please send them to More