Jim Cramer Put These 10 Stocks Under the Spotlight

5. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 96

A caller asked if it was a good time to get back in Costco Wholesale Corporation (NASDAQ:COST) and Cramer replied:

“Right now, the stock’s in free fall. Now why is that? Because these knucklehead analysts felt it was a bad quarter. They didn’t know how to read the, they didn’t know how to read the income statement and they certainly didn’t know how to listen to the conference call. This stock is now, when it’s a stock that’s in free fall, we’re going to let, what I like to do is tell people, wait, it’s going to tell you what to do… We’re going to wait till it settles and when it settles, we’re going to buy. But we just don’t know what level it’s going to settle. That’s what we do. It’s called patience.”

Costco (NASDAQ:COST) uses a membership-based warehouse model, providing a wide range of branded and store-brand products in bulk at discounted prices, catering to customers seeking savings on larger quantities.