Cramer: eBay's results boost investment case for stocks like Costco and Amazon

as management warned about softening consumer demand beginning in September and extending into the current sales period, particularly in Europe. U.S. shoppers also are looking for more value, management said.

The commentary from eBay executives painted a picture that says, "Oh man, I'd rather be in Costco. I'd rather in Amazon. I'd rather be in Walmart," Cramer said on "Squawk on the Street." Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns shares of Costco andJim Cramer says this consumer stock is the one to own if the economy continues to softenShares of eBay fell nearly 6% in early trading Wednesday, to around $38.40 each.

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