Costco WholesaleShort
Correction to $850-920 essential for keeping the uptrend healthy
- Price is overextended and investors are treating COST as the growth stock than a safe quality stock. Price/Earnings ratio is around 60 which his historical high on the other hand the company is growing single digits.
- With wage growth stalling and with uncertain macro, it's unlikely that majority of people will stock groceries for a month in advanced. Many folks are shopping weekly/bi-weekly from Walmart instead.
COST as the growth stock than a safe quality stock. Price/Earnings ratio is around 60 which his historical high on the other hand the company is growing single digits.- With wage growth stalling and with uncertain macro, it's unlikely that majority of people will stock groceries for a month in advanced. Many folks are shopping weekly/bi-weekly from Walmart instead.
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