Costco Wholesale Corporation (COST) Is An Inflation Fighter, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As He Said “Pilots Are Too Expensive”. Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks Jim Cramer recently discussed.

Along with Walmart, Costco Wholesale Corporation (NASDAQ:COST) is another top Jim Cramer retail stock. Like Walmart, the firm’s scale and the ability to keep prices low have made Cramer a believer. Costco Wholesale Corporation (NASDAQ:COST)’s shares have gained a modest 2.6% year-to-date as they are still down by 11% from the pre-March selloff, which saw the stock gutted by 15%. The stock fell after a mixed earnings report saw it warn about the impact of inflation on consumer spending. Here’s what Cramer said about Costco Wholesale Corporation (NASDAQ:COST):

“And I think Walmart is, Walmart and Costco are the two great inflation fighters now.

“Well CPI is all these different element of food. And you know, I think it matters where you shop. If you shop at Walmart and Costco. Then you know that things didn’t go up.”

Previously, Cramer asserted that Costco Wholesale Corporation (NASDAQ:COST) was not raising prices as reports suggested that Walmart was increasing them:

“[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.”

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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.