Jim Cramer Says Victory Against Tariffs Could Finally Pull Costco Stock “From Its Continued, and Endless, and Terrible Tailspin”

Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks Jim Cramer shed light on. Cramer highlighted that it is one of the companies suing the current administration, as he said:

“Stock buyers will not check to see how much these companies might save with the tariffs gone. They’ll just buy, buy, buy. And Costco has joined a list of companies suing the Trump administration for a refund. I don’t know how much that would be and who would get it, but a victory against tariffs may break the company’s stock from its continued, and endless, and terrible tailspin.”

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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. A club member asked for Cramer’s thoughts on the management change during the December 12 episode, and he commented:

“Look, I have concerns about everything… I was watching Costco today versus Walmart. It was really killing me. I know that Richard Galanti has departed as CFO. New CFO, I think does a good job. I know that the monthly signups, the people who re-up have been a little slower. I know that some months were better than others. These are not what I’m used to from Costco. I said that I’d have to reevaluate it. I will reevaluate it. I didn’t like everything I heard, and I’m used to liking everything I hear. But it’s stunning for me because I own this stock for so long and I love shopping there. So I’m not willing to throw in the towel, but I’m never oblivious to changes that I don’t like.”

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