Jim Cramer says Costco just reported a 'beautiful quarter' and its stock is worth owning
Publishing timestamp: 2023-09-27 10:37:19
Summary
The article discusses the positive quarterly results of Costco and highlights the strength of the company's business. It mentions that Costco is experiencing low inflation and minimal inventory losses compared to other retail peers. While the initial reaction to the earnings report was somewhat sour due to the lack of a special dividend and price increases for members, multiple Wall Street firms raised their price targets on Costco shares. The article also mentions that Jim Cramer's Charitable Trust owns shares of Costco and that he will be interviewing the CEO of Costco on his show.
Sentiment: POSITIVE
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