Jim Cramer Explains Why Investors Should Hold On to Costco

Jim Cramer says he doesn't think investors should sell Costco even though the stock has had a very big run. He says there's no doubt Costco is an expensive stock but it's uniquely almost entirely domestic and the numbers are really solid. Cramer believes we're beginning to see the moment that retail is in ascendance. He further explains that in the past when retail got really hot it was a multi year move. Therefore, he advises investors not to sell Costco. Costo Wholesale reported a 17 percent jump in profit for the November quarter, driven largely by strong same-store sales which saw a 7 percent rise.