$COST continues to show strength in 2020 currently bull flagging at all time highs. Should see price continue to push higher during the rest of the year after breaking out of a larger consolidation pattern.
I completely agree with you. COST has been, and is for the foreseeable future, one of my fav’s! What do you see for near-term? Correction to 315? 300-305? Or hold and up?
COST has some of the healthiest financials of any retailer; I also believe that because they have a membership fee it may insulate them more from any downside that retailers may have from unemployment spikes.
As the 'rich get richer' it may make sense that those who are able to afford a membership or have the foresight to do so are less likely to be employed in the service sector and may not feel unemployment spikes in the same way.
Lastly, a few years ago COST increased their membership price. After an initial lower membership count they actually found that member retention and brand loyalty increased as a result of this action.
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As the 'rich get richer' it may make sense that those who are able to afford a membership or have the foresight to do so are less likely to be employed in the service sector and may not feel unemployment spikes in the same way.
Lastly, a few years ago COST increased their membership price. After an initial lower membership count they actually found that member retention and brand loyalty increased as a result of this action.
TL;DR I agree long COST