COST's much needed correction is finally here, albeit not enough, given the stock's still expensive valuations and pulled forward upside potential. While the stock has bounced at the 200 DMAs, it remains to be seen how the retailer may perform in the near-term, given the higher recessionary risks. This is especially since 27.6% of its FY2024 revenues are based in Canada/ International, worsened by the potential tariff impacts on its supply chain.
COST CLIMBS OVER 17 POINTS AFTER TRADEPULSE ALERT
TipRanks' analyst ranking service spotlights favored by the Street's top pros, including Zscaler and Costco Wholesale.
Costco Wholesale (COST 1.49%) is famous for several reasons. The big-box retailer is renowned for its low prices, vast product selection, and $1.50 hotdog meal combo, a favorite among shoppers that has remained the same price since its introduction in 1984.
As the market and economy show signs of strain, investors may look to companies built for resilience. Few better fit that description than Costco Wholesale (COST 1.49%), which is supported by a loyal membership base of cost-conscious shoppers.
Costco Wholesale Corp NASDAQ: COST has been on an unstoppable rally since late 2022, consistently hitting new highs and rewarding long-term investors. That momentum carried into February when the stock reached an all-time record.
Costco Wholesale (COST -0.37%) is one of the most iconic and recognizable retailers in the world. Its massive warehouses are often packed with customers, and its treasure hunt experience inevitably leaves shoppers spending much more than they planned.
You just knew it was just a matter of time before the Magnificent Seven, a term coined by Mad Money host Jim Cramer, was “scrapped.
Costco Wholesale (COST -0.42%) fell 6.1% on Friday in response to its second-quarter fiscal 2025 results and management commentary on the earnings call. Costco's earnings only came in slightly below Wall Street analyst estimates.
Warren Buffett is known for being one of the greatest investors of all time. For its part, Costco Wholesale (COST -0.42%) has been one of the greatest stocks to buy and hold over the very long term, considering it's up by more than 14,000% since 1985.
Costco (COST -0.42%) is a very well run company with a long history of success. And, if the fiscal second quarter of 2025 is any indication, the business continues to perform quite well.
Wall Street is an emotional place, which is really what makes markets work. However, every so often, investors flow like lemmings in just one direction.