Jim Cramer on Costco: “We Did Not Like the Way the Conference Call Went When They Reported Last”

Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks Jim Cramer answered questions about. A caller asked if their portfolio is diversified enough, with their top five holdings being AMZN, COST, ETN, PANW, and HD. Here’s what Mad Money’s host had to say:

“This is like our previous caller. A lot of these people are club members. These are, many, very many of our club member stocks. Alright, Home Depot, well, that’s a play on housing. I’m not calling it a retail. I’m calling it a play on housing. Palo Alto is, you know, really cybersecurity, okay, and growing and growing. Did a big deal with Google today. Eaton is primarily not data centers, primarily electrical equipment. It does have a huge data center business, what we call AI equipment.

Amazon is obviously Amazon Web Services and retail. And then Costco is a retailer whom I think is actually a little more troubled. We’ve had to sell a lot of our Costco for my Charitable Trust because we did not like the way the conference call went when they reported last. But retail and retail, but remember I told you this is housing, Palo Alto is cybersecurity, Eaton is electricity, at producing it, keeping it good, and making sure that the data center is hooked into the grid. And then Amazon obviously is one of the great tech companies, but it’s really also a retailer. I think… [the caller] is fine. Now, some would say, wait a second. You got three retailers here. Remember, I’m thinking Home Depot is a housing play, Costco is a club company, and Amazon is a tech company. So, we’re okay.”

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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.

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