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Squawk on the Street

Cramer's Morning Take: Costco 9/29/25

Squawk on the Street

CNBC

Investing, Business, News

4.1567 Ratings

🗓️ 29 September 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Cramer says this warehouse retailer’s stock is a buy. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

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0:00.0

Jim Kramer here to share with you a sample of my take on the market from today's

0:06.7

CMEC Investing Club warning meeting.

0:08.4

Let's talk about a new position in the portfolio.

0:11.2

We started it last Friday.

0:13.0

They do report Tuesday night.

0:15.0

This is Nike.

0:16.3

Another company to turn around big believers in the CEO, Elliot Hill.

0:20.0

Yeah, now I understand that Nike

0:21.5

down eight for the year is a inventory question. There has been tremendous inventory stuck in

0:28.0

the channel, including a foot locker. They're working that off. As soon as they've done the inventory

0:32.7

and they can start introducing new things, then Nike's going to return to its great growth.

0:36.4

You know, I feel like that we have to get into things early in the same way that I, that I, you get into a Home Depot early, you get big, big turns, big turns you have to go in early. And I think this one is going to be the next big one we have as well as Boeing, which we are free to buy tomorrow. And I think we buy more Boeing. Both these stocks,

0:54.3

I think are very interesting. Now, I don't take a huge position from Nike ahead of the quarter

0:57.9

because it's not a play on the quarter. It's a play on a longer-term Elliott Hill turn,

1:02.3

and I think he's really terrific. Yeah, we bring up Boeing. Shares are up about 3.6%

1:06.4

last Friday after the FAA ease restrictions on the certification process.

1:11.9

So it essentially will allow Boeing to not only produce more 737 maxes per month, but also

1:19.1

deliver more.

1:20.1

So it was really big news.

1:21.3

Stocks down today, not really sure why.

1:23.3

But you mentioned tomorrow if we're free from it on it, we can buy some.

1:26.3

There's a persistent seller and there has been in the name for a while now.

...

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