Costco shares rise after strong Walmart quarter, making it the stock to buy

From CNBC: 2024-05-16 12:11:03

The CNBC Investing Club with Jim Cramer’s “Morning Meeting” livestream recapped key moments, with the Dow surpassing 40,000 for the first time. The S & P 500 and Nasdaq also hit record highs, prompting Cramer to trim positions in Morgan Stanley and Palo Alto Networks. Honeywell is urged to focus on higher-growth businesses. Costco shares soared on Walmart’s strong quarter, positioning itself as the stock to buy. Subscribers receive trade alerts before trades are made. The Investing Club information is subject to terms and conditions, with no guaranteed outcomes.



Read more at CNBC:: Costco is the stock to buy off of Walmart big quarterly beat