Investors should think of today’s pullback in Costco as a buying opportunity, Cramer said during Stop Trading!
Cramer doesn't believe that Starbucks , also down today, is starting to feel the pinch from the credit crunch, even as the company suggested that some of its customers are being hurt. There is no question that the “Wal-Mart level” of consumer retail has been affected, Cramer said, but he's not convinced that the problems in the credit market have seeped into the “Starbucks level” of wealthier consumers. People are still spending on the “ultra-high end” and retailers like Nordstrom are “still doing well,” he said.
Cramer reiterated his bullish stance on Google , saying it’s a “safer place to go” as Apple remains the “elephant in the room” with regard to its wireless initiatives.
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