Jim Cramer’s Latest Lightning Round: Top 10 Stocks

4. Costco Wholesale Corp (NASDAQ:COST)

Number of Hedge Funds Investors: 75

Jim Cramer in a latest program on CNBC affirmed his bullish views on Costco Wholesale Corp (NASDAQ:COST) despite the selloff following the company’s latest quarterly report.

“One stock I am a buyer of, though, is Costco, which reported excellent numbers last night and still got obliterated. Wait until Tuesday and then buy some—all the sellers will probably be done. It’s a long-standing position for my charitable trust. I actually want to buy more—I haven’t wanted to do that in a very long time. After the close—and by the way, it did not miss earnings. That’s just wrong. Those are people who don’t know how to read Costco’s report. I do.”

Aoris Investment Management stated the following regarding Costco Wholesale Corporation (NASDAQ:COST) in its Q4 2024 investor letter:

“Firstly, I think we exercised good valuation discipline in our sales of Costco Wholesale Corporation (NASDAQ:COST) and Cintas. The share prices of these two companies had increased by more than 60% and 40% respectively in the year prior to our sale. It can be difficult as investors to remain objective and not ‘fall in love’ with an investment when it is performing well. A higher share price doesn’t make a business more valuable!

We sold both Costco and Cintas simply for reasons of valuation. These are exceptional businesses that we’d love to own again if valuation permits. Their sales allowed us to recycle portfolio capital into more attractively valued businesses.”