Costco Is Tapping Into a Stronger Consumer. Is the Dividend Stock a Buy Now?
Costco Wholesale (NASDAQ: COST) has been a market-outperforming retailer in a growth-driven market. Technology is the only sector that has outperformed the S&P 500 over the last five years. But Costco has done even better, with the stock up 238% in the last five years compared to a 193% gain in the tech sector and a 92% gain in the S&P 500.
Costco's strong performance is based on solid fundamentals and investor optimism. Costco reported earnings last week, with management sharing some encouraging news about the state of the consumer. Here's what's driving Costco and whether the dividend stock is a buy around its all-time high.
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