Was Jim Cramer Right About These 13 Stocks?

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2. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 96

Costco Wholesale Corporation (NASDAQ:COST) is a leading membership-based retail warehouse club. Back then, Cramer recommended starting a position during the pullback:

“Costco’s retreat is actually at a level where we have been saying for the CNBC Investing Club you need to start buying […] So my answer to that is I want to be two-faced? I said start buying, I can’t walk away and tell you not to.”

The shares of Costco Wholesale Corporation (NASDAQ:COST) have risen by 31.36% since that episode.

On the 20th of March, 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.”

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