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Costco's September sales rose 9%, with one key week boosting sales further.
ISSAQUAH, Wash., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $24.62 billion for the retail month of September, the five weeks ended October 6, 2024, an increase of 9.0 percent from $22.59 billion last year.
Robert Shine from Shine Wealth Management expresses optimism about the market, citing positive job data and the potential for a 25-basis point rate cut in November.
Costco's sales growth was weak in the fourth quarter, but this segment was strong.
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Costco is experiencing a pullback post-earnings, triggering our buy on weakness signal, indicating a buying opportunity for portfolio managers. Long-term charts show recurring pullbacks in COST, an uptrend stock outperforming the market, with buyers consistently stepping in during these dips. Our PM Buy Pattern report and SA Quant ratings show a Hold signal, but Wall St. analysts rate COST as a Buy, supporting portfolio inclusion.
These two retail blue chip stocks have made investors very happy.
There's good reason to believe this warehouse retailer will still be thriving in 10 years.
Costco (COST) has started selling 1-ounce platinum bars on its website, adding to its existing gold and silver offerings.