We recently published a list of Jim Cramer’s Game Plan: 12 Stocks in Focus. In this article, we are going to take a look at where Costco Wholesale Corporation (NASDAQ:COST) stands against other stocks that Jim Cramer discusses.
Cramer noted that Costco Wholesale Corporation stock tends to go down after it reports earnings, even if the numbers are solid.
“Next, on Thursday, after the close, we hear from the company that I think has the most consistent earnings and also the most persistent sell-off after we see the earnings, even when they’re good, and I’m talking about Costco. It’s unnerving to watch a fantastic quarter and still see a stock go down. And that’s just how it’s done with this one, even as we have a fairly good idea how the company’s doing, because you know what?
This company gives us monthly numbers. As we tell investing club members, don’t buy Costco ahead of the quarter. It’s going to go down. It’s like TJX. You’ll usually get a much better price if you just wait a couple of days.”
A customer in a warehouse aisles, browsing the wide range of branded and private-label products.
Costco Wholesale Corporation operates a warehouse business built on a membership model. The company sells a mix of brand-name and private-label goods in bulk as it aims to attract customers who prefer to save by purchasing larger quantities.
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This article is originally published at Insider Monkey.
