Cramer said that the right time to buy Costco is now because their quarter earnings were “amazing.” He said that people aren’t dining or traveling and so a lot of money is coming into Costco.
He added that Costco will maintain good numbers because they are representing a great value and they have the club card which they can make a lot of money from.
“They have potential to expand “because there isn’t a town that doesn’t want Costco around,” Cramer said.
Advice for Bitcoin Buyers
Last month, the Bitcoin juggernaut keeps running, with the digital currency hitting a new record high as frenzied investors grab for a piece of the pie.
Bitcoin recently traded at $19,688, up 1.83%, and touched a high of $19,737 earlier Monday. The previous all-time peak was $19,511, reached in December 2017. Bitcoin has soared 73% year to date.
The currency has gained credibility recently from the endorsements of PayPal (PYPL Get Report , Square (SQ, Get Report and money managers Bill Miller, Paul Tudor Jones, and Stanley Druckenmiller. Enthusiasts argue that bitcoin is a store of value and a hedge against inflation and a falling dollar.
Cramer said that investors should diversify in all sorts of assets and Bitcoin is one of those assets. He added that before buying Bitcoin, investors should know its history including how it became popular at some point and made a lot of money.
Costco is a key holding in Jim Cramer’s Action Alerts PLUS charitable trust . Want to be alerted before Jim Cramer buys or sells any stock? Learn more from Cramer and his membership team now.
