We recently published a list of Jim Cramer Finds Elon Musk’s Grok AI Creepy & Discusses These 12 Stocks. In this article, we are going to take a look at where Costco Wholesale Corporation (NASDAQ:COST) stands against other stocks that Jim Cramer discussed.
Costco Wholesale Corporation (NASDAQ:COST) is one of the largest retailers in America, a frequent appearance on Cramer's morning show, and one of his top stocks. Throughout the year, the CNBC TV host has maintained that Costco Wholesale Corporation (NASDAQ:COST), along with Walmart, has the necessary scale to survive and thrive in any headwinds generated by tariffs. In fact, Cramer believes that Costco is perhaps the only retailer that can compete with Walmart in the dynamic environment. He has also remained appreciative of the firm's strategy to leverage its scale to eke out the lowest prices for consumers through bargaining with merchants. Here are his recent remarks about Costco Wholesale Corporation (NASDAQ:COST):
"Costco is very difficult because Costco you have two month's data already and it's good so it's never surprised and it almost always goes down. I wish it would go up in anticipation because it almost always go down. We do have a new CFO, Gary Millerchip. We do not have, remember, Richard Galanti, David, Gary Millerchip is not related to the Enforcer in Severance."
In his previous comments about Costco Wholesale Corporation (NASDAQ:COST), Cramer lamented weak share price performance and gave viewers some advice:
“Next, on Thursday, after the close, we hear from the company that I think has the most consistent earnings and also the most persistent sell-off after we see the earnings, even when they’re good, and I’m talking about Costco. It’s unnerving to watch a fantastic quarter and still see a stock go down. And that’s just how it’s done with this one, even as we have a fairly good idea how the company’s doing, because you know what?
This company gives us monthly numbers. As we tell investing club members, don’t buy Costco ahead of the quarter. It’s going to go down. It’s like TJX. You’ll usually get a much better price if you just wait a couple of days.”
Overall, COST ranks 8th on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of COST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.