Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks that Jim Cramer shared his take on. A club member asked if Cramer has any reservations about the management change at the company, given that the stock has been a “laggard all year”. Here’s what he had to say in response:
“Look, I have concerns about everything… I was watching Costco today versus Walmart. It was really killing me. I know that Richard Galanti has departed as CFO. New CFO, I think does a good job. I know that the monthly signups, the people who re-up have been a little slower. I know that some months were better than others. These are not what I’m used to from Costco. I said that I’d have to reevaluate it. I will reevaluate it. I didn’t like everything I heard, and I’m used to liking everything I hear. But it’s stunning for me because I own this stock for so long and I love shopping there. So I’m not willing to throw in the towel, but I’m never oblivious to changes that I don’t like.”
Niloo / Shutterstock.com 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. While we acknowledge the potential of COST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
