The 'Mad Money' host said 'history tells me that you've gotta buy them when they're weak.'
Shares of Costco slipped 0.35% and Salesforce backtracked 3.5% after a mixed quarter report from the former and soft guidance offered by the latter.
Salesforce, a cloud software giant, posted a modest beat in its Thursday earnings report, but some investors lost interest in the stock after management cut its annual profit and revenue outlook. Cramer pointed back to the last financial crisis to make a case for buying equity in the company when the customer relationship management platform reduced its forecast in 2008 in efforts to take market share.
As for Costco, the grocery chain reported quarterly profit of $1.89 per share on $37.27 billion of revenue. The company topped revenue expectations, but missed earnings estimates by some pennies.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Costco beats revenue estimates as consumer stockpile essentialsWarehouse club operator Costco Wholesale Corp beat quarterly revenue estimates on Thursday, as people stocked up on essentials before hunkering down in their homes to contain the spread of the coronavirus.
Read more »
Costco plans to bring back free samples after suspending the snacks due to coronavirus pandemicCostco plans to start bringing back its free food samples in mid-June with some changes. Sampling was suspended in March due to COVID-19.
Read more »
Wall Street is still in for a 'rough ride,' Jim Cramer says'I think the 'V for victory' crowd may have gotten ahead of themselves,' the 'Mad Money' host said.
Read more »
Cramer: 'I get worried' that without more coronavirus stimulus stock market could 'sputter out''We don't want to be in a situation where we're so far away from the vaccine that many businesses close,' CNBC's Jim Cramer said Friday.
Read more »
'No need' to invest in bitcoin or gold during the pandemic, says wealth managerIt might be tempting to invest in things like bitcoin or gold, but this expert says there’s “no need” to turn to speculative assets. Here’s why. investinyou (In partnership with acorns.)
Read more »
This Woman's Boyfriend Loves Dirty Talk In Bed, But She Doesn't — What Should She Do?'I get so embarrassed when I think I am about to say it.'
Read more »