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Stock impact report

Costco Stock Will Power Higher on One Key Megatrend [Yahoo! Finance News]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Costco (NASDAQ:COST) shares held steady as the novel coronavirus pushed the stock market lower. That's no surprise, given the wave of panic buying as the pandemic hit America. But, while competitors like Walmart (NYSE:WMT) have made new highs, Costco stock has pulled back.Source: ilzesgimene / Shutterstock.com To me, that's a sign Costco shares are a buying opportunity on the dip. Why? The company's membership-based model gives it less volatile revenue. Granted, the company isn't the only player in the club retailer space. Not only do you have publicly traded BJ's Wholesale Club (NYSE:BJ), you also have Walmart's Sam's Club unit.Yet, Costco is leaps and bounds ahead of these rivals. Not just in size, but also in growth potential. The company's stores have continued to grow, while its peers tread water at best. In fact, places like Sam's Club have closed stores, while Costco continues to expand its reach.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYes, Costco stock is Show less Read more
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