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Costco Is a Magnificent Stock. Here's Why You Shouldn't Buy It Right Now

TheMotleyFool

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Costco Is a Magnificent Stock. Here's Why You Shouldn't Buy It Right Now: https://g.foolcdn.com/editorial/images/770204/shopper-checking-shelves-warehouse-store.jpg

It's not just companies with exposure to the hypergrowth artificial intelligence space that have registered huge returns. Even a boring retailer, such as Costco (NASDAQ: COST), is up big. Its shares have more than tripled just in the last five years. For comparison's sake, the S&P 500 is up 86% during the same time.

This has undoubtedly been a magnificent stock. It's already up double digits in 2024 (as of March 21) as the momentum continues. And it was a longtime favorite of the late great Charlie Munger.

However, you shouldn't buy Costco shares right now. There's a very obvious reason for that.

Source Fool.com

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