Squawk on the Street CNBC Investing Club: Cramer’s Morning Take on Costco 3/20/26
Mar 20, 2026
A candid market take claiming stocks look oversold and buyers are ready. Discussion of geopolitical winners, with focus on helium and energy plays. A detailed look at why Costco could break out as fuel and traffic trends shift. Concern about NVIDIA’s recent drop and its broader market implications.
AI Snips
Chapters
Transcript
Episode notes
War Driven Supply Shifts Spotlight Helium And LNG
- The hosts link geopolitical events to sector opportunities and mention helium and LNG as specific examples.
- They reference a helium shortage benefiting Lindy and criticize past LNG project slow-walking under the previous administration.
Higher Pump Prices Can Help Costco Sales
- Rising gas prices often boost Costco foot traffic as shoppers seek lower fuel and grocery costs.
- Jim Cramer notes customers may drive extra miles for Costco's cheaper gas and then shop in-store, lifting sales especially in big departments like meat.
Costco Appears Poised For Breakout
- Costco shows signs of a breakout with accelerating sales and strong locations driving favorable results.
- Cramer highlights that Costco doesn't squeeze profits from food and that large meat sections and value pricing keep customers coming.