Jim Cramer gave top insight on Costco Wholesale Corporation (NYSE:COST), sharing a game plan of what to buy, sell, and hold right now. A caller asked if the stock might experience further pullbacks given the current economic climate and the company’s new CEO. Cramer replied:

No, no, no. This one is what you buy in this environment. We see a lot of stocks doing quite badly, except for the chemical stocks and the oil stocks. And I want to put Costco in there and Walmart as two stocks of companies that you buy because those are representing a very difficult economic environment. That’s what people think we’ve gotten because of the war. And Costco’s going to be a big winner, and we stay long here for our Charitable Trust. And I like it more now than I have in a very long time.

Costco Wholesale Corporation (NASDAQ:COST) operates membership warehouses and provides groceries, fresh food, household goods, electronics, and more. In addition, the company offers various services through pharmacies, gas stations, optical centers, and e-commerce options. We recently discussed the analyst sentiment around the stock. You can read about it here.

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