CNBC's Jim Cramer on Friday told investors it's a good idea to buy Costco even after shares fell after earnings.
"So, let it come in, but, as I tell investing club members, remember to buy some if you don't own it already," he said."And if Costco keeps falling, just keep buying more, because there's nothing else like this company, never will be.""So let it come in, but, as I tell investing club members, remember to buy some if you don't own it already," he said.
Cramer said he's confident about the big box retailer's success and isn't worried about its recent change in management. Costco has a new CEO in Ron Vachris, and a new CFO, Gary Millerchip. To Cramer, Vachris is a solid choice because he's been at the company for 40 years — starting his career as a forklift driver and later working closely with Costco's former CEO, Craig Jelinek.
"All in all, the Costco quarter was perfectly better than expected, and the only thing that was imperfect was the stock's inevitable decline from its all-time high levels right before it reported," he said."That, of course, isn't new either. This is what always happens with the stock of Costco."
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Cramer says to buy Costco after the stock's post-earnings dipCramer said he’s confident about the big box retailer’s success and pointed to new CEO Ron Vachris, and new CFO Gary Millerchip.
Lees verder »
Cramer's week ahead: Earnings from Costco, Dell, Ulta and Dollar GeneralCNBC’s Jim Cramer guides investors through next week on Wall Street when Costco, Dell, Ulta and Dollar General report earnings.
Lees verder »
Cramer's week ahead: Earnings from Costco, Dell, Ulta and Dollar GeneralCNBC's Jim Cramer guides investors through next week on Wall Street when Costco, Dell, Ulta and Dollar General report earnings.
Lees verder »
Jim Cramer's top 10 things to watch in the stock market ThursdayThe S&P 500 looks higher Thursday, one day after the index surrendered its post-Fed meeting gains and closed modestly lower.
Lees verder »