Jim Cramer Remembers COVID-19 & Discusses These 11 Stocks

5. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders In Q4 2024: 95

Costco Wholesale Corporation (NASDAQ:COST) is an American retailer that sells groceries, electronics, medicines, and a wide array of other products. Its strategy of negotiating lower prices has helped the firm in today’s inflationary era. Costco Wholesale Corporation (NASDAQ:COST)’s shares have gained 43% over the past year due to its low-price business model. Cramer has also been appreciative of the strategy in his previous appearances. Here are his latest remarks for Costco Wholesale Corporation (NASDAQ:COST):

“Walmart and Costco and TJ Max, TJX, we own, I wish we owned Walmart but we can’t own all three, it’s very undiversified. But those are the three companies that are doing the most to cut prices. I had the previous CFO Richard Galanti at Costco, more than thirty years CFO. Who would actually target companies that are charging too much and say hey listen you know what we got a new brand coming and its called Kirkland Signature and it’s going against you. One of the great anomalies that has been solved, there are some people who really did things wrong, uh, Michael Shu at Kimberly, he went to Costco and said listen we got to solve the problem of you going against us in what he knew was that Kimberly made both, so I mean basically they were on a suicide path with Costco, they were making [inaudible] for much less. Costco targets those who don’t bring the price down. And they have been the major inflation fighter in this country.”