RedHotStocks

COSTCO hits all time high again.

Long
NASDAQ:COST   Costco Wholesale
Just like they Big Tech Companies Costco was quick to harness the power of a subscription based business, membership is cheap but the recurring income adds greatly to the bottom line.
As of today Costco opened its first store in China and such was the popularity it had to temporarily close due to overcrowding concerns, a fantastic problem to have.
Costco is somewhat resilient to recession, the demand for bulk value grocery increases as times get tough.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.