Cramer’s Morning Take: Costco 1/8/26

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Jim Cramer (1:02)

Hey, it's Cramer and this is my morning take on the market from today's CNBC Investing Club Morning Meeting. So I got to tell you something. We are seeing stocks that have been horrendous, bounce big. We are seeing stocks that have been amazing, particularly tech, really sell off. Do you see a pattern or is it random to you?

SPEAKER_6 (1:22)

Well, look, I think a lot of stocks that lagged last year, that had disappointing years, maybe outside the financials, which have been strong this year, but the underperformers have bounced back. I don't know if it's just the first week of January, maybe people are looking for new ideas, they're looking at some of the runs within tech and saying, all right, why don't we look elsewhere in the market? It's broadening out. I think it's just too early to read into things.

Jim Cramer (1:49)

That's my view. I mean, people want to very much. I remember years ago when my kids were like five and two, went to Disney World for the first week of the year. And there was a run in copper and aluminum and Phelps Dodge at that point, which now paid your duty in Alcoa. And I said, oh my God, I can't believe it. I can't believe it. For three straight days, they went up, they went to New Old Town House, and then they just disappeared. You never saw them again. And it reminded me, please, first week of the year, strange patterns, don't bank on them having longevity.

SPEAKER_6 (2:20)

It could be the end of tax law selling, right? The stocks were down, if investors were down on it, they sold it because they had a loss, they can use that to offset gains. But at the same time, there are situations where maybe stocks did lag towards the end of last year, maybe things are getting better. Just going to jump around a bit. But Costco, we saw monthly sales last night.

December, they were up very nicely, up 8.5 in December. US core comps, which is excluding FX and gasoline sales, they actually accelerated from November.

Jim Cramer (2:52)

Look at this move. I mean, we talked about just, we recommended one on one.

SPEAKER_6 (2:56)

Larry Williams.

Jim Cramer (2:57)

Nice call by Larry.

SPEAKER_6 (2:58)

Got to hand it to him, yeah.

Jim Cramer (2:59)

But this is not done. I'll tell you why it's not done. The underperformance of this versus Walmart is rather extraordinary. And that's not gonna continue.

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All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

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Is it time to reimagine your future? The right business skills may make a difference in your career. At Capella University, we offer a relevant education that's designed to focus on what you need to know in the business world. We'll teach professional skills to help you pursue your goals, like business management, strategic planning and effective communication. And you can apply these skills right away. A different future is closer than you think with Capella University. Learn more at capella.edu.