'Costco is a best-of-breed retailer that has repeatedly reinvented itself, and if they need to reinvent themselves again, that's exactly what they'll do,' the 'Mad Money' host says.
"Costco is a best-of-breed retailer that has repeatedly reinvented itself, and if they need to reinvent themselves again, that's exactly what they'll do," Cramer argued.
He is convinced that the downgrade from Bernstein, an investment firm with $581 billion in assets under management as of June, will have an ephemeral impact on the Costco's shares. The stock price has run more than 41% this year — it was due for a pullback, but it should still be in your shopping cart, the host said."I'd give it a day or two more to make sure all the weak hands get shaken out," Cramer said.
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