The metric we care most about when Costco reports earnings after the closing bell

CNBC Finance

3 min read

Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. 1. Stocks tanked on Thursday, with the Dow Jones Industrial Average losing more than 800 points as oil prices resumed their climb. U.S. crude oil briefly hit its highest level since June 2025, topping $79 per barrel, after Iran said it struck an oil tanker with a missile. Iran ordered the closure of the Strait of Hormuz on Monday and threatened to attack vessels attempting to pass through the key shipping route. "It is a very volatile environment," said Jim Cramer, noting that the broader market takes its cues from oil. But his message to investors during high-volatility periods remains unchanged. "Just wait. Don't panic," he said. Meanwhile, Broadcom shares are roughly 5% higher after a strongÂ quarter that forecasted a bright future for its AI chip business, quelling investor concern s. 2. Costco shares are nearly 2.5% lower ahead of its earnings report after the closing bell. The wholesaler's same-store sales have had good momentum, as shown in their monthly reports. But the Club wants to see Costco's membership renewal rates go up after sliding over the last few quarters. "They just need it [the membership renewals] to stabilize," said Jeff Marks, director of portfolio analysis of the Club, adding that the rate has fallen largely because of an influx of online signups. That cohort tends to renew their memberships at lower rates than in-store shoppers, Marks said. 3. Shares of Salesforce gained almost 5.5% as part of what may be a rotation back into software stocks. Many software companies have been hit hard recently as investors fear that AI will upend the industry. "Salesforce is a good company," Cramer said, acknowledging that the software giant's offering, Agentforce, has become a key in artificial intelligence, though its core businesses are under pressure. "Right now, what people think about is Agentforce. They're not thinking about the older business. And I get that," said Jim. "This is a glass-half-full situation." 4. Stocks covered in Thursday's rapid fire at the end of the video were: Berkshire Hathaway , Kroger , American Eagle , Okta , and Visa (Jim Cramer's Charitable Trust is long AVGO, COST, CRM. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has discussed a stock on CNBC, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

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The metric we care most about when Costco reports earnings after the closing bell

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