Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, December 6, 2024
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Why Costco (COST) is a Top Momentum Stock for the Long-Term
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The article from MSN Money discusses why Costco Wholesale Corporation (COST) is considered a top momentum stock for long-term investment. It highlights Costco's strong performance metrics, including a significant stock price increase of 29.7% over the past year, outperforming the S&P 500's 24.7% rise. The article points out Costco's consistent earnings growth, with a 16.6% year-over-year increase in the last reported quarter, and its ability to maintain high membership renewal rates, which are crucial for its revenue model. Additionally, Costco's strategic business practices, like its low pricing strategy and high-quality products, contribute to its momentum. The piece also mentions positive revisions in earnings estimates, with the current quarter's estimates increasing by 1.8% over the last 30 days, and the full-year estimate up by 2.3%. These factors, combined with Costco's robust financial health and customer loyalty, underline its appeal as a momentum stock for investors looking at long-term gains.
Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/why-costco-cost-is-a-top-momentum-stock-for-the-long-term/ar-AA1voKlh ]
Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/why-costco-cost-is-a-top-momentum-stock-for-the-long-term/ar-AA1voKlh ]
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