Costco Wholesale Corporation (COST) Isn't Increasing Prices, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Talked About. Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks Jim Cramer recently discussed.

Costco Wholesale Corporation (NASDAQ:COST) is a mega retailer that is one of Cramer’s top stocks in the sector. He has previously disclosed that his charitable trust owns the shares. The CNBC TV host has also praised Costco Wholesale Corporation (NASDAQ:COST)’s business model through which the firm negotiates with businesses to keep prices low for consumers. This time, he commented on Walmart increasing prices:

“[On a piece saying WMT is increasing prices by as much as 50%] Well look you gotta, you gotta, I’ve been spending a lot of time at Costco, Costco’s not saying that. I mean I think that’s very, now we do have that big beef problem.”

Previously, Cramer called Costco Wholesale Corporation (NASDAQ:COST) a victim of its own success:

“No, look, here’s the problem with Costco: It is a victim of its own success. All it really does is ever go up and then has these periods where it languishes. We’re in the languish period. That’s when you buy Costco. Do I think Costco’s in trouble at 50 times earnings? Are you kidding me? I think Costco’s, I still think Costco may be… one of the top five companies of all time. That is no slight to Jensen Huang because he’s number one.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.