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Markets · Investing · Business
Finance
Has Costco Stock Become the New Recession-Resilient Retail King?
Costco has been outperforming Walmart both operationally and in the stock market.
Walmart(NASDAQ: WMT) has long been considered a place for investors to park money in the retail space when consumers are under stress, but after its stock fell more than 8% in the session following its fiscal Q1 results and more than 9% after its fiscal Q2 results, that baton may have been passed to a close rival: Costco Wholesale (NASDAQ: COST).
Costco posted another quarter of solid results and was up 7% year-to-date as of Sept. 25, while Walmart is down 3%. Below, I'll take a closer look at the retailer's fiscal Q4 results and prospects to see if this is the recession-resistant retailer to own.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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