Jim Cramer on Costco: “I Think It Can Head to New Highs”

Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks on which Jim Cramer expressed his thoughts. A caller asked whether to buy, sell, or hold the stock, keeping the macro geopolitical situation in mind. Cramer said:

I want you to hold Costco. We own it for the Club. I think it can head to new highs. I know that some people feel that the renewal rates weren’t up to snuff, but I would come back and say when gasoline has a sudden jolt up, that’s always been the time to buy the stock of Costco. I want you to, with those in mind, I just want you to hold it. The spike up big in Costco stock means that we’ve actually got to wait for a little bit of a pullback before we buy more.

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Costco Wholesale Corporation (NASDAQ:COST) operates membership warehouses and provides groceries, fresh food, household goods, electronics, and more. In addition, the company offers various services through pharmacies, gas stations, optical centers, and e-commerce options. We mentioned the company while discussing the best stocks that will always grow. You can read about it here.

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