Was Jim Cramer Right About These 23 Stocks?

4. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 96

Costco Wholesale Corporation (NASDAQ:COST) is a leading membership-based warehouse club, known for its bulk goods and strong customer loyalty. Cramer pointed to Costco as another retailer thriving despite macro headwinds at the time.

“Costco is delivering insane numbers at a time when everyone’s supposed to be so cash strapped. They have the lowest prices and they’re doing a gigantic amount of business per store.”

Costco Wholesale Corporation (NASDAQ:COST) has gained 23.12% since it was highlighted in that episode.

Jim Cramer remains bullish. As of his latest comments on the 14^th of March, he believes that Costco Wholesale Corporation (NASDAQ:COST) remains a very good business to buy, and that the recent dip was unjustified:

“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.”