Jim Cramer On 9 Stocks That Are Rallying Despite Tariff Worries

7. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 75

Discussing Costco Wholesale Corporation (NASDAQ:COST), Cramer said:

“How about Costco? They got a big tomato field near me in Mexico, Walmart, they both really rallied, even as they do sell a lot of Mexican vegetables.”

Costco (NASDAQ:COST) operates a membership-based warehouse model, offering a variety of branded and private-label products in bulk at lower prices, making it a popular choice for shoppers looking for value in larger quantities. Before the election results came out in November 2024, Cramer mentioned the company among those who would do well regardless of the administration change.

“I like Costco… These retailers have done tremendous work pushing back against inflation by using their scale to push costs down then passing on the savings to you, the customer. Neither candidate can mess with that proposition… Costco’s got a business model where they make most of their money off the membership card. The model’s about getting as much volume as possible, not taking as much price as possible and that’s why everybody loves it. That and of course, the free samples… All three of these retailers work. Even if President Trump installs high tariffs, none has any meaningful foreign exposure that can hurt them even as they all have overseas operations.”

Since the election, Costco (NASDAQ:COST) stock has gained nearly 11%.