Cramer: eBay's results boost investment case for stocks like Costco and Amazon
Publishing timestamp: 2023-11-08 11:08:25
Summary
CNBC's Jim Cramer believes that eBay's business outlook is not promising and suggests investing in other retailers like Costco. eBay issued weak fourth-quarter guidance due to softening consumer demand, particularly in Europe. Cramer's Charitable Trust, which is used by CNBC Investing Club, owns shares of Costco and Amazon. eBay's stock has declined about 7% year to date.
Sentiment: NEGATIVE
Keywords: jim cramer, stock takes, business news, breaking news: markets, ebay inc, investingclubsample, investment strategy, amazon.com inc, costco wholesale corp, markets,