Down 12%, Is Costco Stock a Buy?
Costco (NASDAQ: COST) stock rarely goes on sale. The leading warehouse retailer is prized by investors for its steady market-share gains and its ability to boost earnings through a wide range of selling conditions.
Even now, with the S&P 500 caught in a bear market, Costco shares are outperforming most of its peers. The stock is down 12% through late October, compared to a 20% year-to-date drop in the wider market.
Is that decline a buying opportunity, or will Costco stock likely underperform from here? Let's take a look at some reasons why you might want to add the retailing stock to your portfolio right now.
Source Fool.com
