Jim Cramer Says “Costco, I Like It”

Company Overview - Costco Wholesale Corporation (NASDAQ:COST) operates membership warehouses providing a variety of products including groceries, fresh food, household goods, electronics, and more [2] Recent Performance - Costco's stock performance was unsatisfactory last year, declining by 6% while the S&P 500 increased by 16% [1] - The company faced challenges including the departure of long-standing CFO Richard Galanti, who had been with the company for over 38 years [1] - Renewal rates for memberships have slowed, growing less than market expectations [1] Market Position - Despite past performance issues, there is a shift in sentiment as the new year has brought a different outlook for Costco's stock [1]