Tuesday, 10 October 2017 10:39

Costco is Set for a Rebound

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(New York)

Costco is a stock that has suffered significantly from Amazon-panic. The store’s shares have been drug down along with other retailers, but analysts at Raymond James see this as a big buying opportunity. The company just beat its earnings forecasts and when you take a close look at its business, it does not look nearly as threatened as other retailers. Costco makes much of its money from food sales and membership fees, and both look strong. Competition from Amazon’s Whole Foods looks minimal at this point.

FINSUM: We think Costco has a long runway for price appreciation and the recent weakness in shares is a good opportunity.

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