Jim Cramer Discusses 17 Stocks And Blasts Zero Day Options

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6. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders In Q3 2024: 75

Costco Wholesale Corporation (NASDAQ:COST) is a discount retailer that benefits in a tight consumer economy where buyers are struggling with high prices. This has been the case in 2024 as well, reflected in its share price performance of +46.6% year-to-date. However, while Costco Wholesale Corporation (NASDAQ:COST) benefits from higher demand for low-priced items, it also struggles with margins when consumers hold back on big-ticket purchases. This was evident in the firm’s fiscal fourth quarter when Q4 revenue of $79.70 billion fell short of analyst estimates of $79.97 billion. Yet, fiscal Q1 revenue of $62.15 billion beat estimates of $62.08 billion due to growth in bulk and discounted sales. Cramer, for his part, is a fan of Costco Wholesale Corporation (NASDAQ:COST)’s management transition:

“Costco’s method of transition is the best I’ve ever seen. They go for the people who have the most heart and soul of the company, that have done well and that’s who gets the top job.”

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