Costco's September sales rose 9%, with one key week boosting sales further.
Together, these stocks offer a mix of safety, diversification, and promising growth potential.
Nvidia stock climbed 4% on Tuesday, extending its rally to 14% in five days. The chipmaker's market value soared by $400 billion — more than Costco is worth.
Robert Shine from Shine Wealth Management expresses optimism about the market, citing positive job data and the potential for a 25-basis point rate cut in November.
Costco's sales growth was weak in the fourth quarter, but this segment was strong.
Costco is cutting the prices of numerous Kirkland Signature items despite recently increasing its membership fees for the first time in seven years.
Which of these leading retail stocks deserves a place in your portfolio?
Costco has long been known for its stability and strong customer base, even in the face of broader economic headwinds.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Costco NASDAQ: COST has been a big winner so far this year. Consumer staples stocks have generally had a good year, with the Consumer Staples Select Sector SPDR Fund NYSEARCA: XLP providing a total return of 15%.
Costco is experiencing a pullback post-earnings, triggering our buy on weakness signal, indicating a buying opportunity for portfolio managers. Long-term charts show recurring pullbacks in COST, an uptrend stock outperforming the market, with buyers consistently stepping in during these dips. Our PM Buy Pattern report and SA Quant ratings show a Hold signal, but Wall St. analysts rate COST as a Buy, supporting portfolio inclusion.
24/7 Wall St. Insights Costco Wholesale Corp. (NASDAQ: COST) already sells gold and silver bars, and now it sells platinum bars too.