Jim Cramer Notes Costco Stock "Failed to Go Up"

Costco Wholesale Corporation (NASDAQ:COST) is one of the 14 stocks on Jim Cramer’s radar. While discussing Costco Wholesale Corporation (NASDAQ:COST), Cramer said:

“And look, this is not isolated to tech. In retail, we had terrific names that reported great quarters, Costco and TJX, but then they failed to go up. Wow. They went down… It’s all rotation from companies that are excellent to ones with stocks that got too cheap. We’ll be safe if the market returns to Costco and TJX.”

Costco Wholesale Corporation (NASDAQ:COST) operates membership-based warehouses and provides a broad assortment of branded and private-label products, including groceries, electronics, appliances, apparel, and home goods. Additionally, the company offers in-store and online services such as pharmacies, food courts, and travel. During an episode of Squawk on the Street aired in April, Cramer commented:

“When I listened to that I said okay now I know why Kroger goes up every day. Now I know why Costco’s strong. There, Scott Boatwright had a very, this was the Chipotle call, it was a very straightforward call basically just saying, they didn’t mention the actual price of different things, but people would rather just have a couple of meals at home. Where it’s just cheaper.”

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Disclosure: None.