I like Costco very much, am always looking for opportunity to buy the stock, says Jim Cramer
CNBC Televisionยท2025-07-10 23:35
Market Analysis - The market often misjudges great stocks, making it difficult to find the right time to buy [1] - Wall Street's perception of stock valuation can lead to missed opportunities [1] - Distinguishing between justified and misperception-driven stock declines is crucial for investment decisions [2] Company Performance (Costco) - Costco's US comparable sales growth, excluding gasoline, was 55% in June, below the expected 6% [2] - The market reacted negatively to Costco's sales figures, with the stock dropping almost 12 points [3] Investment Strategy - The company views the drop in Costco's stock price as a buying opportunity [3] - The company favors Costco due to its business model of low prices and membership fees [4]