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

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The commentary from eBay executives painted a picture that says, “Oh man, I’d rather be in Costco. I’d rather in Amazon,” Jim Cramer…

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 andemail newsletter for freeFeeling out of the loop? We'll catch you up on the Chicago news you need to know.

Shares of eBay fell nearly 6% in early trading Wednesday, to around $38.40 each. Including Wednesday's move, the stock has declined about 7% year to date.Here's a full list of the stocks in

 

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