We recently published 11 Stocks Jim Cramer Just Discussed As He Shared Why Stocks Are Rising. Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks Jim Cramer recently discussed.
Costco Wholesale Corporation (NASDAQ:COST) is one of the largest discount retailers in America. It is also one of Cramer’s top retail stocks as the CNBC TV host has stressed multiple times this year that, along with Walmart, Costco Wholesale Corporation (NASDAQ:COST) is playing a key role in bringing down prices for inflation-ridden consumers in America. His recent comments followed this theme:
“Well look I think that, in my speech that I’m giving on Friday, I talk about the idea of, there’s inflation brought on by tariffs and then there’s deflation brought on by Andy Jassy. And we have to start recognizing these stupid things that we get, for the CPI, PPI. Do they really take in Costco?. . .I mean take a look at the things that are about to be on sale . . .but these are really anti-inflation. And it just should matter. And no president has ever, I tried to get the Biden people to say why don’t you say something good about Costco, and they’re like, what are you talking about, I mean well a 150 million people is a huge number of people that belong to Costco.”
A customer in a warehouse aisles, browsing the wide range of branded and private-label products.
In his earlier remarks, Cramer discussed Costco Wholesale Corporation (NASDAQ:COST), inflation, and tomatoes:
“I think that when it comes to inflation. . .Costco. . .they are with the people.”
“Right well I mean Costco’s tomatoes are from, they are famously from Mexico, not the Florida tomatoes that I could hit you with and you would fracture your skull. And those are going to go up in price, what can they do. But they’ll shift things around.”
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Disclosure: None. This article is originally published at Insider Monkey.