Jim Cramer Highlighted Buying Opportunities in 13 Stocks

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8. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 75

According to Cramer, Costco Wholesale Corporation (NASDAQ:COST) stock generally rises after dropping off when investors sell it following its earnings report release.

“I even see this with Costco and Walmart, the two best retailers in America. When Costco reports, people tend to be repelled by the quarter. It could lose a hundred points only to start the trek higher again as there was no reason to sell the stock in the first place… They both hit all-time highs today.”

Costco (NASDAQ:COST) runs a membership-based warehouse system, providing a wide range of branded and private-label items in bulk at discounted prices, attracting shoppers seeking value for larger purchases. The stock has seen gains of more than 45% over the past 12 months.

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