Jim Cramer has a message for investors who don’t own Costco after solid June sales
Jim Cramer is not a better time with Costco now, Jim Cramer is behind the company’s late June sales report on Wednesday. “You’ll want to stay with Costco, because you’ll have the way you fight inflation,” Jim said on Thursday, only the retailer’s retailer last month, a day after a healthy headline sales in the middle of a challenging retail environment that increases consumer prices, “Squawk” on the street. “I am more determined about Costco because we have tariffs because the son will keep the prices low.” Jim, “Those who do not have Costco … They may want to get a little in.” He said. “I think Costco is a purchase” at the investment club’s morning meeting on Thursday. Costco late on Wednesday, JPMorgan’s analysis, Wall Street’s 6% is slightly less than 6% estimation, but slightly less than 6% estimation, but increased 5.5% for more than 5% over 5%. Total company sales increased by 6.2% – it could be matched, but it was slightly lower than April. US traffic fell by 2.8% increased by 2.8% last month and fell from the mid -single household levels to start the year. However, this weakness is balanced by average process size growth, which was accelerated by an increase of 0.9% in May. Costco shares fell to $ 977 per share in the noon trade on Thursday. Among the categories, fresh foods led to meat performance and produced consistently high single -digit growth driving in May. Those who were not food, including jewelry and gift cards, were slightly better than the middle single -digit growth of May. Foods and “, last month, the middle-most high single figures went down. Comparative sales of the company has been working slightly for the last few months, but Jim is not worried.” After being stock, it is considered a good agreement for the Golden Spot price, which is a good agreement for the members of the Costco. The two basic factors that are praised and the high -volume of the company also provides a stable revenue flow. He also drew attention to the fact that the new stores are reduced and the costs caused by the existing store sales should be reduced and the “cost of funds” is a good time and the other. Costco shares can be a level of $ 977 from $ 991.54% from $ 991.54% to $ 977. We have a 1st CNBC Investment Club at the CNBC Investment Club on Friday. You will receive a trade warning in the portfolio of a trade warning. There is no confidence or a task for receiving information.
