Jim Cramer's 'Stop Trading!': Buy Costco

Stock quotes in this article: COST , HCBK , XTO , XMSR , SIRI  

Buy Costco(COST Quote), Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday. Cramer said it has been "really hurt by the supplier" and that he sees it as a buy. It is "very rarely put on sale," he said, and investors should think long-term.

As for news about XM Satellite Radio(XMSR Quote) and Sirius Satellite Radio's (SIRI Quote), Cramer said that the merger is "going to be a powerhouse." However, he mentioned, investors have to be careful because it will have to refinance. When host Erin Burnett inquired if satellite radio will survive, Cramer said that the facts indicate that "people do like the product." "I am willing to speculate with Sirius," he said.

Next, Cramer touched on XTO Energy(XTO Quote). "XTO does a deal tonight," he predicted. He said the stock has fallen almost 40 points and that "for even a trade, I'd participate in the darn thing."

Moving on to Hudson City Bancorp(HCBK Quote), Cramer said that the reason this New Jersey-based bank doesn't have a lot of bad loans is that "New Jersey does not have a lot of bad loans." It "makes you put down a lot of money," he said, and it's hard to walk away from that.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,291.26 1,098.51 2,166.90 34.74
Oil *
77.90
UP
44.29
UP
5.50
UP
15.82
DOWN
0.08
10 Yr
3.47%
SPDR Gold
109.60
+0.43%
+0.50%
+0.74%
-0.23%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services