Jim Cramer recommends buying Costco stock as a port in September's market storm

CNBC's Jim Cramer on Friday recommended that investors seek refuge in Costco shares as September lives up to its reputation as a rough month. "There are some ports in this storm and one of them is Costco," Cramer said on " Squawk on the Street, " calling the retailer a stock to own, especially in the recent market drop. In midday Friday trading, the S & P 500 was falling more than 1.5% in what's shaping up to be the index's worst week in a year.

Performance was solid across staples and discretionary categories. Food and sundries increased mid-single digits, fresh foods increased high-single digits, and non-foods increased low-double digits. Costco "rolls back prices endlessly," Cramer highlighted, saying that's the reason the stock is a holding in his Charitable Trust, the portfolio used by the Club.

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