Jim Cramer Says “Costco (COST) is Actually on Fire”

We recently published a list of 8 Stocks on Jim Cramer’s Radar. In this article, we are going to take a look at where Costco Wholesale Corporation (NASDAQ:COST) stands against other stocks on Jim Cramer’s radar.

A customer in a warehouse aisles, browsing the wide range of branded and private-label products.

When a caller asked Cramer which is a better investment right now, Walmart or Costco Wholesale Corporation (NASDAQ:COST), Cramer remarked:

“Okay, Costco’s about to report tomorrow, and I think that no matter how good the quarter is, the stock will sell off because that’s been the pattern now for the, I’d say, the majority of quarters. That’s just the way it is. So therefore, I’m going to tell you, take that gun away from my head when it comes to Costco. I like Walmart very, very much. Buy Costco after it declines, if it does go down, because Costco is actually on fire. It’s just that they tell you how each month’s going to be already, no surprises there, and people just say, I’m bored by the boredom.”

Costco (NASDAQ:COST) operates a warehouse business that requires a paid membership. The company sells bulk quantities of both brand-name and private-label products at reduced prices. It focuses on customers who prefer to save by purchasing more at once.

Overall, COST ranks 2nd on our list of stocks on Jim Cramer’s radar.While we acknowledge the potential of COST as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COST and that has 100x upside potential, check out our report about this cheapest AI stock.

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