Why Costco Stock Topped the Market on Tuesday
Tuesday was a slow and largely unmemorable news day for Costco Wholesale (NASDAQ: COST). Still, the big retailer's stock landed comfortably in positive territory, rising by nearly 2% on the day against the S&P 500 index's marginal gain of 0.2%. A glowing analyst note about the company's current performance and looming future was a tailwind for that increase.
Before market open, Oppenheimer's Rupesh Parikh published a new research note on Costco. In his latest analysis of the retailer, he waxed optimistic on its future, devoting particular attention to across-the-board improvements in its product mix.
Parikh wrote that
Source Fool.com
