Jim Cramer Discusses These 11 Stocks & Finds Few Reasons To Sell

8. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders In Q3 2024: 75

Costco Wholesale Corporation (NASDAQ:COST) is a discount retailer that has been one of the primary beneficiaries of the inflationary wave in America. Its shares have gained 49% over the past year as the firm has seen customers turn to its stores for a variety of products. While Costco Wholesale Corporation (NASDAQ:COST) is typically known for selling grocery items in bulk, price-conscious customers have also started to rely on it to buy expensive items such as furniture and jewelry. Cramer is appreciative of the firm’s price-reducing strategies as he holds the view that American consumer goods companies will have to reduce prices to stimulate demand. Here is what he said about Costco Wholesale Corporation (NASDAQ:COST):

“This is the Costco lesson. If you look at Costco. . . . Costco doesn’t let this stuff gum on. You wanna sell into Costco, you cut your price.”