Jim Cramer’s 5 Stock Calls and the Impact of Iran War: Apple, Alphabet, and More

In this article, we will look at Jim Cramer’s 5 Stock Calls and the Impact of Iran War: Apple, Alphabet, and More. Please visit Jim Cramer’s 18 Stock Calls and the Impact of Iran War: Apple, Alphabet, and More, if you’d like to see the extended list and methodology behind it.

5. Costco Wholesale Corporation (NASDAQ:COST)

Costco Wholesale Corporation (NASDAQ:COST) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. A caller asked what the catalyst for the company is, and in response, Cramer said:

Okay, the catalyst, two catalysts. One is that they have the cheapest gasoline in the country. They tend to, and people sign up for gasoline, and then they sign up for the card, and the card is where the money is made. And two, they are the inflation fighter, and I don’t think a soul thinks that inflation isn’t coming back. So I like Costco for those two reasons, and it is also a lot of fun to shop at.

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. During the March 27 episode, a caller asked whether the stock could experience more pullbacks in light of the economic climate, and Cramer responded:

No, no, no. This one is what you buy in this environment. We see a lot of stocks doing quite badly, except for the chemical stocks and the oil stocks. And I want to put Costco in there and Walmart as two stocks of companies that you buy because those are representing a very difficult economic environment. That’s what people think we’ve gotten because of the war. And Costco’s going to be a big winner, and we stay long here for our Charitable Trust. And I like it more now than I have in a very long time.