Why Costco Climbed 11% in March
Shares of Costco Wholesale (NASDAQ: COST) were moving up the charts last month, gaining 11% in March according to data from S&P Global Market Intelligence.
The warehouse retailer posted better-than-expected results in its second-quarter earnings report and got some bullish analyst notes over the course of the month. During a month when investors were hit by concerns over rising interest rates, inflation, the war in Ukraine, and high oil prices, Costco also seemed to benefit from its status as a stable, recession-proof retailer.
Image source: Costco.
Source Fool.com
