Costco Wholesale Corporation (COST)
Costco now sells platinum bars — but some financial pros say they aren't a sure bet
When it comes to precious metals, gold is still often all that glitters, experts say.
After finding runaway success with gold, Costco adds an even more precious metal to its offerings
The wholesale retailer on Wednesday announced it is selling 1-ounce platinum bars and platinum coins on its website.
Can Costco Stock Hit New Highs as Interest Rates Drop?
An apparent tailwind hit yesterday's value stocks, a new development seen in the declining shares of Costco Wholesale Co. COST after the company released its latest set of quarterly earnings this week. Costco stock is now down over 2% after the report, a bearish sentiment that comes despite the Federal Reserve (the Fed) recently cutting interest rates by the most since the 2008 financial crisis.
Costco adds platinum to its precious metals offering
Costco Wholesale Corporation (NASDAQ:COST, ETR:CTO) has added a third precious metal to its offering: platinum. After seeing high demand for its gold and silver items, the membership warehouse club has added two platinum products to its online store.
Costco adds platinum bars to its precious metals lineup
Costco launched platinum bars on its website for $1,089.99, an addition to the company's precious metals selection of gold bars and silver coins. Gold bars launched at Costco in August 2023, and not even two months later were selling out within hours of a restock.
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Why Costco Wholesale Stock Lagged the Market Today
For all its size and power, Costco stands to take an economic hit from a worsening labor dispute.
Investors Heavily Search Costco Wholesale Corporation (COST): Here is What You Need to Know
Costco (COST) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Billionaires Are Selling Costco. These 2 Retail Stocks Are Better Buys.
Costco has been a big winner, but the stock is looking pricey. Home Depot looks poised to gain as interest rates fall.
Previewing the Q3 Earnings Season
Costco COST shares were down following the company's mixed quarterly release where it narrowly missed on the top-line even as it handily beat bottom-line estimates. Other than the modest revenue miss, there is not a whole lot in the report that Costco shareholders can complain about, as the company continues to deliver impressive results in a consumer spending backdrop that many of its peers are finding challenging.
Costco Q4 Earnings Beat Estimates Even Though Revenues Miss
Costco's Q4 earnings beat the Zacks Consensus Estimate by 2%, while revenues fall short. Comparable sales rise 5.4% but at a decelerated pace.
