Costco (COST)'s "Doing Quite Well," Says Jim Cramer

We recently published 10 Latest Stocks Jim Cramer Talked About. Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks Jim Cramer recently discussed.

Along with Walmart, Costco Wholesale Corporation (NASDAQ:COST) continues to be Cramer’s top stock in the retail space due to the firm’s scale and low prices. In multiple appearances throughout this year, the CNBC TV host has asserted that Costco Wholesale Corporation (NASDAQ:COST) actively bargains with companies to ensure that consumers get the lowest prices. He has also discussed the firm’s tussle with Lululemon and used it as an example of Costco Wholesale Corporation (NASDAQ:COST) simply launching its own brands of products if it believes that prices are too high. These factors have led him to conclude that Costco can be one of the few mega players in the retail industry. In this appearance, he remarked that the firm continues to take market share after Target announced a surprising layoff:

“Costco continue[s] to take share. They’re doing quite well. I think that, my take is that, as long as they’re doing well, costs can be held. Because that’s where people shop in this country.”

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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.