Jim Cramer Recently Talked About These 5 Subscription Stocks

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1. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 96

Discussing consumer-oriented stocks that can work in a slowdown, Cramer mentioned Costco Wholesale Corporation (NASDAQ:COST) and said:

“Once people get locked to a great service, they almost never cancel, whether it be Costco, Amazon Prime, Netflix.”

Costco (NASDAQ:COST) operates a membership-driven warehouse model, offering a variety of both branded and private-label products in bulk at lower prices, catering to customers looking for savings on bulk buys. On Thursday, appearing on Squawk on the Street, Cramer said:

“Costco, someone lowered their price tag. Costco’s the cheapest place on Earth to shop. And they had a good quarter. People just didn’t recognize it.”

While we acknowledge the potential of Costco Wholesale Corporation (NASDAQ:COST) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COST but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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