Costco (COST)’s A Big Position in My Trust, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About & Revealed Why He’s Critical Of OpenAI. Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks Jim Cramer talked about.

As Cramer discussed Walmart appointing a new CEO, it was unsurprising that Costco Wholesale Corporation (NASDAQ:COST) also factored into the discussion. He frequently discusses the two firms together and comments on their scale and their efforts to bring prices down for ordinary Americans. Cramer’s latest remarks about Costco Wholesale Corporation (NASDAQ:COST) also revolved around this theme:

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“[On Walmart-Costco relative strength being jarring] It’s painful, I know. My friends at Costco, Costco a big position in my charitable trust, and Richard Galanti was the [inaudible] CFO. We joke. But there’s no doubt about it, these are the two ways that Americans, I used to talk to the previous administration, I said why don’t you celebrate these guys? But they, they were not fond of business people. I said why don’t you just say these are the guys that are holding our prices down? And they looked at me like I just was a capitalist, which I am, because you see, we have a capitalist system.”

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