Jim Cramer Talks About 5 Consumer Stocks As Americans Push Back on High Prices

4. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Investors: 57

Jim Cramer said that Costco Wholesale Corporation’s (NASDAQ:COST) items have “always been a bargain” as he predicted that both Costco Wholesale Corporation (NASDAQ:COST) and Walmart will do well.

Madison Sustainable Equity Fund stated the following regarding Costco Wholesale Corporation (NASDAQ:COST) in its fourth quarter 2023 investor letter:

“Costco Wholesale Corporation (NASDAQ:COST) reported solid holiday results and announced a special dividend of $15 per share. Earnings were better than expected driven by better gross margin. Same store sales were 3.9% with solid traffic. Costco also noted better discretionary trends and solid seasonal sales.”