Costco Is Doing Great but Investors Fear Amazon-Whole Foods, Jim Cramer Warns
TheStreet's Jim Cramer reveals why Costco shares moved lower, even after reporting a strong quarterly earnings report.
Costco (COST) - Get Report is posting some impressive numbers, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer but investors sent the stock lower following its earnings report due to the looming threat of Amazon (AMZN) - Get Report owned Whole Foods.
Cramer discussed the phenomenon in an article on Real Money on Friday.
Costco shares are up nearly 2% since the start of the year.
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